Bally’s Co. (NYSE:BALY) Receives $15.33 Consensus Price Target from Analysts

Shares of Bally’s Co. (NYSE:BALYGet Free Report) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $15.33.

A number of research analysts have recently commented on BALY shares. Stifel Nicolaus raised their target price on Bally’s from $11.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Truist Financial lifted their price objective on Bally’s from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd.

Get Our Latest Analysis on Bally’s

Bally’s Trading Up 0.8 %

BALY opened at $11.25 on Friday. The stock has a market cap of $455.51 million, a PE ratio of -1.09 and a beta of 2.07. The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 8.14. The business has a 50 day moving average of $12.79 and a 200-day moving average of $12.45. Bally’s has a 52 week low of $7.28 and a 52 week high of $16.96.

Bally’s (NYSE:BALYGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($3.61) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($2.48). The firm had revenue of $618.48 million during the quarter, compared to analysts’ expectations of $625.94 million. Bally’s had a negative net margin of 21.26% and a negative return on equity of 36.63%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.74) EPS. Equities research analysts predict that Bally’s will post -7.53 earnings per share for the current fiscal year.

Institutional Trading of Bally’s

Institutional investors and hedge funds have recently modified their holdings of the business. Napatree Capital LLC bought a new stake in shares of Bally’s in the 4th quarter worth $2,684,000. TFG Asset Management GP Ltd increased its holdings in shares of Bally’s by 36.4% in the 4th quarter. TFG Asset Management GP Ltd now owns 1,500,000 shares of the company’s stock worth $20,910,000 after purchasing an additional 400,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Bally’s by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,744,829 shares of the company’s stock worth $22,875,000 after purchasing an additional 93,681 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Bally’s in the 3rd quarter worth $358,000. Finally, Rathbones Group PLC bought a new stake in shares of Bally’s in the 3rd quarter worth $8,163,000. Institutional investors own 70.41% of the company’s stock.

About Bally’s

(Get Free Report

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform.

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