Eldorado Resorts, Inc. (NASDAQ:ERI) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Several other equities analysts have also commented on ERI. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Eldorado Resorts in a research report on Tuesday. Deutsche Bank AG began coverage on shares of Eldorado Resorts in a research report on Monday, September 25th. They issued a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research lowered shares of Eldorado Resorts from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co began coverage on shares of Eldorado Resorts in a research report on Thursday, July 20th. They issued an “overweight” rating and a $24.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.00.

Shares of Eldorado Resorts (NASDAQ:ERI) opened at 24.90 on Wednesday. The stock has a 50 day moving average of $25.42 and a 200-day moving average of $21.80. Eldorado Resorts has a 52 week low of $10.65 and a 52 week high of $27.15.

Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.70) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.95). The company had revenue of $355.20 million during the quarter, compared to analysts’ expectations of $354.15 million. Eldorado Resorts had a negative net margin of 3.38% and a negative return on equity of 8.03%. The firm’s quarterly revenue was up 53.6% on a year-over-year basis. On average, analysts expect that Eldorado Resorts will post ($0.29) EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. American International Group Inc. increased its holdings in Eldorado Resorts by 7.1% in the 1st quarter. American International Group Inc. now owns 17,642 shares of the company’s stock worth $334,000 after buying an additional 1,170 shares during the period. Victory Capital Management Inc. increased its holdings in Eldorado Resorts by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 8,062 shares of the company’s stock worth $161,000 after buying an additional 1,209 shares during the period. Teachers Advisors LLC increased its holdings in Eldorado Resorts by 3.2% in the 1st quarter. Teachers Advisors LLC now owns 50,803 shares of the company’s stock worth $961,000 after buying an additional 1,558 shares during the period. PNC Financial Services Group Inc. increased its holdings in Eldorado Resorts by 22.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,880 shares of the company’s stock worth $300,000 after buying an additional 2,940 shares during the period. Finally, Virginia Retirement Systems ET AL increased its holdings in Eldorado Resorts by 21.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 18,200 shares of the company’s stock worth $364,000 after buying an additional 3,200 shares during the period. Institutional investors own 69.71% of the company’s stock.

Eldorado Resorts Company Profile

Eldorado Resorts, Inc is a gaming and hospitality company that owns and operates gaming facilities located in Ohio, Louisiana, Nevada, Pennsylvania and West Virginia. The Company’s segments are Nevada, Louisiana, Eastern and Corporate. As of May 1, 2017, the Company owned and operated approximately 503,000 square feet of casino space with approximately 20,000 slot machines and video lottery terminals (VLTs), over 550 table and poker games, 45 restaurants and 6,500 hotel rooms.

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