Full House Resorts (NASDAQ:FLL) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Full House Resorts (NASDAQ:FLL) from a hold rating to a sell rating in a research report released on Saturday morning.

Other research analysts have also recently issued research reports about the stock. Citizens Jmp reduced their price target on shares of Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating for the company in a report on Friday. Citigroup reissued a “market outperform” rating on shares of Full House Resorts in a research note on Friday. Finally, Weiss Ratings upgraded Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3.50.

Full House Resorts Price Performance

FLL opened at $2.47 on Friday. Full House Resorts has a one year low of $2.02 and a one year high of $3.85. The company has a debt-to-equity ratio of 187.23, a current ratio of 0.62 and a quick ratio of 0.59. The company’s 50 day simple moving average is $2.59 and its 200-day simple moving average is $2.51. The stock has a market capitalization of $89.56 million, a P/E ratio of -2.42 and a beta of 1.24.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). The business had revenue of $78.06 million for the quarter, compared to the consensus estimate of $78.42 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.06%.

Institutional Trading of Full House Resorts

A number of large investors have recently added to or reduced their stakes in FLL. R Squared Ltd raised its stake in Full House Resorts by 21.7% in the first quarter. R Squared Ltd now owns 30,944 shares of the company’s stock valued at $70,000 after buying an additional 5,527 shares during the period. State Street Corp boosted its stake in shares of Full House Resorts by 4.0% during the 4th quarter. State Street Corp now owns 157,375 shares of the company’s stock worth $411,000 after acquiring an additional 6,100 shares during the period. KG&L Capital Management LLC boosted its stake in shares of Full House Resorts by 43.5% during the 4th quarter. KG&L Capital Management LLC now owns 33,000 shares of the company’s stock worth $86,000 after acquiring an additional 10,000 shares during the period. HRT Financial LP bought a new position in shares of Full House Resorts during the 4th quarter worth approximately $27,000. Finally, Jane Street Group LLC acquired a new position in shares of Full House Resorts during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 37.68% of the company’s stock.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.