Full House Resorts (NASDAQ:FLL) Stock Rating Lowered by Texas Capital

Full House Resorts (NASDAQ:FLL) was downgraded by analysts at Texas Capital from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other equities research analysts also recently issued reports on FLL. Weiss Ratings upgraded Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. Citigroup reiterated a “market outperform” rating on shares of Full House Resorts in a report on Friday, August 7th. Wall Street Zen upgraded Full House Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Citizens Jmp lowered their target price on Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating for the company in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Full House Resorts has an average rating of “Hold” and an average price target of $3.50.

Full House Resorts Price Performance

Shares of FLL stock opened at $0.74 on Monday. Full House Resorts has a 12-month low of $0.74 and a 12-month high of $3.37. The firm has a fifty day moving average of $1.52 and a 200-day moving average of $2.25.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The business had revenue of $78.06 million for the quarter, compared to analyst estimates 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 institutional investors have recently modified their holdings of FLL. Simplify Asset Management Inc. boosted its position in shares of Full House Resorts by 53.0% during the third quarter. Simplify Asset Management Inc. now owns 607,500 shares of the company’s stock worth $863,000 after buying an additional 210,500 shares during the period. AXQ Capital LP acquired a new stake in Full House Resorts in the 2nd quarter valued at approximately $64,000. Jefferies Financial Group Inc. acquired a new stake in Full House Resorts in the 2nd quarter valued at approximately $206,000. BlackRock Inc. bought a new stake in Full House Resorts in the 2nd quarter valued at approximately $1,814,000. Finally, GSA Capital Partners LLP bought a new stake in Full House Resorts in the 2nd quarter valued at approximately $237,000. 37.68% of the stock is currently owned by institutional investors.

About Full House Resorts

Full House Resorts, Inc (NASDAQ:FLL) is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically offer casino gaming, hotel accommodations, restaurants, bars, live entertainment, and other amenities designed to serve local and destination visitors.

The company’s portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St.