Full House Resorts (NASDAQ:FLL) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Full House Resorts, Inc. (NASDAQ:FLL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.55 and traded as high as $2.80. Full House Resorts shares last traded at $2.66, with a volume of 101,634 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FLL shares. Wall Street Zen lowered Full House Resorts from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Full House Resorts in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.00.

Full House Resorts Stock Performance

The company has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $2.55. The company has a debt-to-equity ratio of 187.23, a current ratio of 0.60 and a quick ratio of 0.57. The stock has a market cap of $96.45 million, a P/E ratio of -2.49 and a beta of 1.20.

Full House Resorts (NASDAQ:FLL) last released its earnings results on Thursday, May 7th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.01. The company had revenue of $74.42 million during the quarter, compared to the consensus estimate of $77.22 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.79%.

Hedge Funds Weigh In On Full House Resorts

Institutional investors and hedge funds have recently made changes to their positions in the business. 1060 Capital LLC bought a new stake in Full House Resorts in the fourth quarter worth $1,044,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Full House Resorts by 282.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 343,233 shares of the company’s stock valued at $1,102,000 after acquiring an additional 253,536 shares during the last quarter. Jane Street Group LLC boosted its holdings in Full House Resorts by 1,685.4% during the 2nd quarter. Jane Street Group LLC now owns 229,301 shares of the company’s stock valued at $839,000 after acquiring an additional 216,458 shares during the period. Orvieto Partners L.P. grew its position in Full House Resorts by 40.9% during the 1st quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock worth $1,609,000 after acquiring an additional 207,420 shares during the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in Full House Resorts in the 2nd quarter worth approximately $739,000. Institutional investors own 37.68% of the company’s stock.

About Full House Resorts

Full House Resorts, Inc (NASDAQ: FLL) is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company’s property portfolio spans five states, including Bronco Billy’s Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow’s Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman’s Casino in Nevada.