Citizens Jmp Has Lowered Expectations for Full House Resorts (NASDAQ:FLL) Stock Price

Full House Resorts (NASDAQ:FLL) had its price objective reduced by equities research analysts at Citizens Jmp from $5.00 to $4.00 in a report issued on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s target price would suggest a potential upside of 52.09% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Full House Resorts in a report on Wednesday, October 8th. JMP Securities boosted their price objective on shares of Full House Resorts from $4.00 to $5.00 and gave the company a “market outperform” rating in a research report on Friday, July 18th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $4.00 target price on shares of Full House Resorts in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.50.

Full House Resorts Stock Up 0.4%

NASDAQ:FLL opened at $2.63 on Friday. Full House Resorts has a 1 year low of $2.30 and a 1 year high of $5.59. The stock has a 50-day moving average price of $3.01 and a two-hundred day moving average price of $3.49. The stock has a market cap of $94.97 million, a price-to-earnings ratio of -2.29 and a beta of 1.61. 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 (NASDAQ:FLL) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.01). Full House Resorts had a negative net margin of 13.75% and a negative return on equity of 118.79%. The business had revenue of $77.95 million for the quarter, compared to the consensus estimate of $76.40 million.

Insider Buying and Selling

In other Full House Resorts news, Director Eric J. Green bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $3.54 per share, with a total value of $35,400.00. Following the completion of the transaction, the director owned 233,959 shares in the company, valued at approximately $828,214.86. This trade represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On Full House Resorts

A number of large investors have recently modified their holdings of the business. Private Management Group Inc. increased its position in shares of Full House Resorts by 1.8% in the second quarter. Private Management Group Inc. now owns 1,707,734 shares of the company’s stock valued at $6,250,000 after acquiring an additional 30,555 shares during the last quarter. Catawba River Capital grew its stake in Full House Resorts by 8.9% in the second quarter. Catawba River Capital now owns 1,635,973 shares of the company’s stock valued at $5,988,000 after purchasing an additional 133,766 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Full House Resorts by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,599,602 shares of the company’s stock worth $5,135,000 after purchasing an additional 39,075 shares during the last quarter. Orvieto Partners L.P. increased its position in shares of Full House Resorts by 3.6% during the 2nd quarter. Orvieto Partners L.P. now owns 704,797 shares of the company’s stock worth $2,580,000 after purchasing an additional 24,379 shares during the last quarter. Finally, One Wealth Advisors LLC raised its stake in shares of Full House Resorts by 127.0% during the 1st quarter. One Wealth Advisors LLC now owns 578,962 shares of the company’s stock worth $2,420,000 after purchasing an additional 323,931 shares in the last quarter. 37.68% of the stock is currently owned by institutional investors and hedge funds.

Full House Resorts Company Profile

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.