Bally’s (NYSE:BALY) Downgraded to “Sell” Rating by Wall Street Zen

Posted by on Aug 24th, 2026

Wall Street Zen lowered shares of Bally’s (NYSE:BALY – Free Report) from a hold rating to a sell rating in a report published on Sunday.

Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Bally’s from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded shares of Bally’s from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Barclays cut their price objective on shares of Bally’s from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Truist Financial dropped their target price on Bally’s from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $11.75.

View Our Latest Report on Bally’s

Bally’s Stock Performance

Shares of BALY stock opened at $10.23 on Friday. The stock has a market cap of $516.31 million, a PE ratio of -1.50 and a beta of 1.81. The business has a 50-day simple moving average of $13.41 and a 200-day simple moving average of $13.00. The company has a quick ratio of 0.85, a current ratio of 0.91 and a debt-to-equity ratio of 2.06. Bally’s has a 52-week low of $8.44 and a 52-week high of $20.74.

Bally’s (NYSE:BALY – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($2.41) EPS for the quarter, missing analysts’ consensus estimates of ($1.08) by ($1.33). The company had revenue of $792.23 million during the quarter, compared to analysts’ expectations of $789.89 million. Bally’s had a negative return on equity of 40.97% and a negative net margin of 25.83%. On average, equities analysts expect that Bally’s will post -9.36 EPS for the current year.

Institutional Trading of Bally’s

Several institutional investors have recently modified their holdings of BALY. Whitefort Capital Management LP increased its stake in shares of Bally’s by 43.0% during the fourth quarter. Whitefort Capital Management LP now owns 1,921,372 shares of the company’s stock worth $31,741,000 after purchasing an additional 578,129 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Bally’s by 21,781.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,411 shares of the company’s stock worth $8,418,000 after buying an additional 754,945 shares during the last quarter. Geode Capital Management LLC increased its stake in Bally’s by 13.9% during the 4th quarter. Geode Capital Management LLC now owns 186,194 shares of the company’s stock worth $3,077,000 after buying an additional 22,784 shares in the last quarter. State Street Corp raised its holdings in shares of Bally’s by 32.6% during the fourth quarter. State Street Corp now owns 116,903 shares of the company’s stock valued at $1,931,000 after acquiring an additional 28,741 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Bally’s by 9.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 61,442 shares of the company’s stock valued at $1,015,000 after acquiring an additional 5,306 shares during the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

About Bally’s

(Get Free Report)

Bally’s Corporation is an integrated entertainment company engaged in the ownership, development and operation of land‐based casinos, sports betting venues and online gaming platforms. The company leverages the iconic Bally’s brand under a long‐term license to provide gaming and hospitality services across multiple channels, including retail casinos, mobile sports wagering and interactive casino games.

The company’s portfolio spans gaming properties in key U.S. jurisdictions such as Rhode Island, Colorado, New Jersey, Mississippi, Iowa, Indiana, Pennsylvania and Nevada.

Featured Stories

Analyst Recommendations for Bally's (NYSE:BALY)

Receive News & Ratings for Bally's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bally's and related companies with MarketBeat.com's FREE daily email newsletter.