Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group raised their target price on shares of Isle of Capri Casinos from $18.00 to $19.00 and gave the stock a “market perform” rating in a report on Tuesday, June 14th. Stifel Nicolaus lowered shares of Isle of Capri Casinos to a “hold” rating in a report on Tuesday. Deutsche Bank AG restated a “hold” rating and issued a $18.00 target price on shares of Isle of Capri Casinos in a report on Monday, June 27th. TheStreet lowered shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th. Finally, Gabelli lowered shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $18.60.

Shares of Isle of Capri Casinos (NASDAQ:ISLE) traded down 0.1456% during midday trading on Wednesday, reaching $22.2875. 342,319 shares of the company’s stock were exchanged. Isle of Capri Casinos has a 12-month low of $10.62 and a 12-month high of $22.44. The company has a market cap of $920.54 million, a price-to-earnings ratio of 17.3040 and a beta of 1.72. The stock’s 50 day moving average price is $18.03 and its 200 day moving average price is $16.31.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/macquarie-downgrades-isle-of-capri-casinos-inc-isle-to-neutral.html

Isle of Capri Casinos (NASDAQ:ISLE) last released its earnings results on Tuesday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm earned $240.86 million during the quarter, compared to the consensus estimate of $246.88 million. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. Isle of Capri Casinos’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. Equities analysts anticipate that Isle of Capri Casinos will post $1.25 earnings per share for the current fiscal year.

In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $18.90, for a total value of $415,800.00. Following the completion of the sale, the insider now owns 156,731 shares in the company, valued at approximately $2,962,215.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 38.20% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC acquired a new stake in Isle of Capri Casinos during the first quarter valued at approximately $378,000. Royal Bank of Canada raised its stake in Isle of Capri Casinos by 2.1% in the first quarter. Royal Bank of Canada now owns 44,602 shares of the company’s stock valued at $625,000 after buying an additional 904 shares in the last quarter. Lafitte Capital Management LP acquired a new stake in Isle of Capri Casinos during the first quarter valued at approximately $4,811,000. Panagora Asset Management Inc. raised its stake in Isle of Capri Casinos by 36.4% in the first quarter. Panagora Asset Management Inc. now owns 392,563 shares of the company’s stock valued at $5,496,000 after buying an additional 104,850 shares in the last quarter. Finally, Amici Capital LLC acquired a new stake in Isle of Capri Casinos during the first quarter valued at approximately $490,000. Institutional investors and hedge funds own 54.63% of the company’s stock.

Isle of Capri Casinos Company Profile

Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

5 Day Chart for NASDAQ:ISLE

Receive News & Ratings for Isle of Capri Casinos Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Isle of Capri Casinos Inc. and related companies with MarketBeat.com's FREE daily email newsletter.