Zacks Investment Research upgraded shares of Full House Resorts (NASDAQ:FLL) from a hold rating to a buy rating in a research report released on Tuesday morning. The firm currently has $2.75 price objective on the stock.
According to Zacks, “Full House develops and manages gaming facilities. The Company has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and management of a first-class casino/resort with gaming devices in the Battle Creek, Michigan area, which is currently in the pre-development stage. Full House also manages Midway Slots and Simulcast at the Delaware State Fairgrounds in Harrington, Delaware, along with the owner of the adjacent racetrack. “
FLL has been the topic of several other reports. Roth Capital assumed coverage on Full House Resorts in a research report on Thursday, September 20th. They set a buy rating and a $4.50 target price on the stock. ValuEngine downgraded Full House Resorts from a buy rating to a hold rating in a research report on Friday, September 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Full House Resorts currently has an average rating of Buy and a consensus price target of $3.75.
Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). Full House Resorts had a negative net margin of 4.39% and a negative return on equity of 7.57%. The company had revenue of $44.03 million during the quarter, compared to analysts’ expectations of $41.89 million. As a group, research analysts anticipate that Full House Resorts will post -0.08 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantum Capital Management purchased a new position in shares of Full House Resorts in the 2nd quarter worth about $271,000. Credit Suisse AG purchased a new position in shares of Full House Resorts in the 3rd quarter worth about $288,000. Dimensional Fund Advisors LP raised its holdings in shares of Full House Resorts by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 230,837 shares of the company’s stock worth $769,000 after purchasing an additional 17,238 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Full House Resorts by 11.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the company’s stock worth $1,525,000 after purchasing an additional 48,000 shares during the period. Finally, Gabelli Funds LLC raised its holdings in shares of Full House Resorts by 3.6% in the 3rd quarter. Gabelli Funds LLC now owns 662,828 shares of the company’s stock worth $1,909,000 after purchasing an additional 22,806 shares during the period. Hedge funds and other institutional investors own 47.37% of the company’s stock.
About Full House Resorts
Full House Resorts, Inc owns, operates, develops, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has approximately 37,000 square feet of gaming space, a surface parking lot, approximately 800-space parking garage, and 129-rooms, as well as a fine-dining restaurant, a buffet, a quick-service restaurant, and oyster and casino bars.
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