Analysts at Wolfe Research assumed coverage on shares of Eldorado Resorts (NASDAQ:ERI) in a report released on Friday, The Fly reports. The firm set a “peer perform” rating on the stock.

ERI has been the subject of several other research reports. BidaskClub downgraded shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Stifel Nicolaus began coverage on shares of Eldorado Resorts in a research note on Wednesday, June 5th. They issued a “buy” rating and a $62.00 price objective for the company. Zacks Investment Research raised shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Jefferies Financial Group set a $58.00 price objective on shares of Eldorado Resorts and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Nomura raised their price objective on shares of Eldorado Resorts from $38.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.71.

Shares of Eldorado Resorts stock traded down $0.33 during trading on Friday, reaching $52.01. 13,919 shares of the stock traded hands, compared to its average volume of 634,624. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 0.93, a current ratio of 0.98 and a debt-to-equity ratio of 3.78. Eldorado Resorts has a 52-week low of $31.86 and a 52-week high of $53.21.

Eldorado Resorts (NASDAQ:ERI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.10. The firm had revenue of $627.75 million during the quarter, compared to analyst estimates of $660.92 million. Eldorado Resorts had a return on equity of 11.41% and a net margin of 5.00%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. On average, equities analysts expect that Eldorado Resorts will post 2.32 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Meridian Wealth Management LLC bought a new position in Eldorado Resorts in the first quarter worth approximately $28,000. US Bancorp DE bought a new position in Eldorado Resorts in the first quarter worth approximately $38,000. Mascoma Wealth Management LLC bought a new position in Eldorado Resorts in the first quarter worth approximately $47,000. Marshall Wace LLP bought a new position in Eldorado Resorts in the first quarter worth approximately $69,000. Finally, Bank of Montreal Can raised its stake in Eldorado Resorts by 23.9% in the fourth quarter. Bank of Montreal Can now owns 4,269 shares of the company’s stock worth $154,000 after buying an additional 824 shares in the last quarter. 85.72% of the stock is owned by hedge funds and other institutional investors.

About Eldorado Resorts

Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.

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The Fly

Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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