B. Riley Issues Pessimistic Forecast for Full House Resorts (NASDAQ:FLL) Stock Price

Full House Resorts (NASDAQ:FLL) had its price target cut by B. Riley from $9.00 to $8.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Craig Hallum upgraded Full House Resorts to a “strong-buy” rating in a report on Wednesday, September 4th. JMP Securities decreased their price target on shares of Full House Resorts from $7.00 to $6.00 and set a “market outperform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $6.67.

Full House Resorts Price Performance

Shares of NASDAQ FLL traded up $0.11 during trading on Thursday, hitting $5.02. The company had a trading volume of 207,534 shares, compared to its average volume of 94,974. The firm has a market capitalization of $178.72 million, a price-to-earnings ratio of -4.11 and a beta of 1.99. The stock has a fifty day simple moving average of $5.00 and a two-hundred day simple moving average of $5.06. The company has a quick ratio of 0.78, a current ratio of 0.81 and a debt-to-equity ratio of 7.88. Full House Resorts has a fifty-two week low of $4.10 and a fifty-two week high of $5.98.

Full House Resorts (NASDAQ:FLL) last announced its earnings results on Tuesday, August 6th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). The firm had revenue of $73.49 million for the quarter, compared to analyst estimates of $79.10 million. Full House Resorts had a negative net margin of 10.11% and a negative return on equity of 37.79%. During the same period in the previous year, the company earned ($0.16) EPS. On average, research analysts expect that Full House Resorts will post -0.74 earnings per share for the current year.

Insider Activity at Full House Resorts

In other news, Director Eric J. Green purchased 7,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average price of $5.14 per share, for a total transaction of $38,550.00. Following the acquisition, the director now directly owns 178,523 shares of the company’s stock, valued at approximately $917,608.22. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Full House Resorts news, COO John Ferrucci sold 18,499 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $5.00, for a total transaction of $92,495.00. Following the completion of the transaction, the chief operating officer now owns 28,328 shares of the company’s stock, valued at $141,640. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric J. Green purchased 7,500 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $5.14 per share, with a total value of $38,550.00. Following the completion of the transaction, the director now owns 178,523 shares of the company’s stock, valued at approximately $917,608.22. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 185,041 shares of company stock valued at $924,473. 12.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Full House Resorts

A number of hedge funds have recently made changes to their positions in FLL. GSA Capital Partners LLP raised its holdings in shares of Full House Resorts by 48.3% in the 1st quarter. GSA Capital Partners LLP now owns 170,321 shares of the company’s stock valued at $949,000 after buying an additional 55,499 shares during the period. Gamco Investors INC. ET AL lifted its position in shares of Full House Resorts by 7.4% during the first quarter. Gamco Investors INC. ET AL now owns 581,932 shares of the company’s stock worth $3,241,000 after purchasing an additional 40,032 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Full House Resorts during the first quarter worth about $57,000. Bank of New York Mellon Corp boosted its stake in shares of Full House Resorts by 13.2% in the second quarter. Bank of New York Mellon Corp now owns 96,749 shares of the company’s stock valued at $484,000 after purchasing an additional 11,288 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of Full House Resorts by 107.6% in the second quarter. Panagora Asset Management Inc. now owns 36,855 shares of the company’s stock valued at $184,000 after purchasing an additional 19,101 shares in the last quarter. Hedge funds and other institutional investors own 37.68% of the company’s stock.

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.