Jefferies Group started coverage on shares of Eldorado Resorts (NASDAQ:ERI) in a research note issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other research analysts have also issued reports about the stock. TheStreet raised shares of Eldorado Resorts from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. BidaskClub downgraded shares of Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 26th. Deutsche Bank initiated coverage on shares of Eldorado Resorts in a research report on Monday, September 25th. They issued a “buy” rating and a $32.00 price target on the stock. SunTrust Banks restated a “buy” rating and issued a $29.00 price target on shares of Eldorado Resorts in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Eldorado Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.00.
Shares of Eldorado Resorts (NASDAQ:ERI) traded down $0.10 during mid-day trading on Thursday, reaching $32.00. 259,400 shares of the company’s stock traded hands, compared to its average volume of 606,891. The firm has a market cap of $2,420.00, a price-to-earnings ratio of -106.67 and a beta of 1.04. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.71 and a current ratio of 1.78. Eldorado Resorts has a 52 week low of $14.90 and a 52 week high of $34.03.
Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company had revenue of $444.87 million during the quarter, compared to analyst estimates of $448.30 million. Eldorado Resorts had a negative net margin of 1.20% and a negative return on equity of 2.83%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. equities research analysts predict that Eldorado Resorts will post -0.08 earnings per share for the current fiscal year.
In other news, Director David P. Tomick acquired 1,700 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $28.70 per share, for a total transaction of $48,790.00. Following the transaction, the director now directly owns 10,400 shares in the company, valued at approximately $298,480. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bonnie Biumi sold 13,079 shares of Eldorado Resorts stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $29.50, for a total transaction of $385,830.50. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Frontier Capital Management Co. LLC bought a new stake in Eldorado Resorts in the 4th quarter valued at about $9,082,000. Fox Run Management L.L.C. bought a new stake in Eldorado Resorts in the 4th quarter valued at about $1,066,000. Schwab Charles Investment Management Inc. lifted its position in Eldorado Resorts by 11.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 258,402 shares of the company’s stock valued at $8,567,000 after purchasing an additional 27,058 shares during the last quarter. California Public Employees Retirement System lifted its position in Eldorado Resorts by 6.3% in the 3rd quarter. California Public Employees Retirement System now owns 149,721 shares of the company’s stock valued at $3,840,000 after purchasing an additional 8,874 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in Eldorado Resorts by 106.4% in the 3rd quarter. Epoch Investment Partners Inc. now owns 944,322 shares of the company’s stock valued at $24,221,000 after purchasing an additional 486,835 shares during the last quarter. Hedge funds and other institutional investors own 81.23% 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.