Analysts Set Full House Resorts, Inc. (NASDAQ:FLL) Target Price at $4.50

Full House Resorts, Inc. (NASDAQ:FLL) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $4.50.

Several brokerages have issued reports on FLL. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Full House Resorts in a research note on Wednesday, October 8th. Macquarie restated a “neutral” rating and issued a $4.00 price objective on shares of Full House Resorts in a report on Friday, August 8th. Finally, Citizens Jmp reduced their target price on shares of Full House Resorts from $5.00 to $4.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC boosted its holdings in Full House Resorts by 2.6% during the 3rd quarter. Mink Brook Asset Management LLC now owns 207,198 shares of the company’s stock valued at $665,000 after acquiring an additional 5,192 shares during the period. Bank of America Corp DE lifted its position in Full House Resorts by 67.1% in the third quarter. Bank of America Corp DE now owns 40,273 shares of the company’s stock valued at $129,000 after purchasing an additional 16,168 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of Full House Resorts by 21.6% during the third quarter. Ancora Advisors LLC now owns 107,810 shares of the company’s stock valued at $346,000 after purchasing an additional 19,150 shares during the period. Private Management Group Inc. grew its holdings in shares of Full House Resorts by 1.0% in the third quarter. Private Management Group Inc. now owns 1,725,285 shares of the company’s stock worth $5,538,000 after purchasing an additional 17,551 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Full House Resorts by 282.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 343,233 shares of the company’s stock worth $1,102,000 after buying an additional 253,536 shares during the period. Hedge funds and other institutional investors own 37.68% of the company’s stock.

Full House Resorts Stock Up 3.2%

FLL stock opened at $2.71 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 22.08. Full House Resorts has a 1-year low of $2.25 and a 1-year high of $5.59. The stock has a market cap of $97.71 million, a price-to-earnings ratio of -2.35 and a beta of 1.61. The company’s 50 day moving average is $2.73 and its 200 day moving average is $3.42.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.01). The firm had revenue of $77.95 million for the quarter, compared to the consensus estimate of $76.40 million. Full House Resorts had a negative return on equity of 118.79% and a negative net margin of 13.75%.

About Full House Resorts

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.