Full House Resorts (NASDAQ:FLL) Price Target Lowered to $8.00 at B. Riley

Full House Resorts (NASDAQ:FLL) had its price objective dropped by equities researchers at B. Riley from $9.00 to $8.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 62.93% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Craig Hallum upgraded Full House Resorts to a “strong-buy” rating in a research note on Wednesday, September 4th. JMP Securities cut their target price on 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 investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Full House Resorts has an average rating of “Moderate Buy” and an average target price of $6.67.

Full House Resorts Trading Down 8.1 %

FLL stock traded down $0.43 during midday trading on Thursday, reaching $4.91. The company’s stock had a trading volume of 199,509 shares, compared to its average volume of 94,201. The firm has a market capitalization of $170.87 million, a price-to-earnings ratio of -6.02 and a beta of 1.99. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.78 and a current ratio of 0.81. Full House Resorts has a 1 year low of $3.69 and a 1 year high of $5.98. The stock has a fifty day simple moving average of $5.00 and a two-hundred day simple moving average of $5.06.

Full House Resorts (NASDAQ:FLL) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.11). The firm had revenue of $73.49 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted ($0.16) EPS. On average, equities research analysts predict that Full House Resorts will post -0.74 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Daniel R. Lee sold 35,000 shares of Full House Resorts stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $5.02, for a total transaction of $175,700.00. Following the completion of the sale, the chief executive officer now owns 1,116,249 shares of the company’s stock, valued at $5,603,569.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Full House Resorts news, CEO Daniel R. Lee sold 24,512 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $5.04, for a total value of $123,540.48. Following the completion of the transaction, the chief executive officer now directly owns 1,056,737 shares of the company’s stock, valued at approximately $5,325,954.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel R. Lee sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $5.02, for a total value of $175,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,116,249 shares of the company’s stock, valued at $5,603,569.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,041 shares of company stock valued at $924,473. 12.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. KG&L Capital Management LLC purchased a new stake in shares of Full House Resorts in the third quarter valued at approximately $50,000. Private Management Group Inc. acquired a new position in Full House Resorts during the third quarter worth $2,957,000. SG Americas Securities LLC acquired a new position in Full House Resorts during the third quarter worth $54,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Full House Resorts in the 2nd quarter valued at $50,000. Finally, Aristeia Capital L.L.C. acquired a new position in shares of Full House Resorts in the 2nd quarter valued at $140,000. 37.68% of the stock is 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.