Full House Resorts (NASDAQ:FLL) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Full House Resorts, Inc. (NASDAQ:FLL) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.56 and traded as high as $2.92. Full House Resorts shares last traded at $2.84, with a volume of 105,711 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Full House Resorts in a report on Tuesday, April 21st. Craig Hallum dropped their price target on shares of Full House Resorts from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Finally, Wall Street Zen lowered Full House Resorts from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.00.

Full House Resorts Stock Up 1.8%

The business has a 50-day simple moving average of $2.68 and a 200-day simple moving average of $2.56. The company has a debt-to-equity ratio of 187.23, a quick ratio of 0.57 and a current ratio of 0.60. The company has a market cap of $102.98 million, a price-to-earnings ratio of -2.65 and a beta of 1.22.

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

Institutional Investors Weigh In On Full House Resorts

A number of large investors have recently modified their holdings of FLL. 1060 Capital LLC acquired a new stake in shares of Full House Resorts in the 4th quarter valued at $1,044,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Full House Resorts by 282.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 343,233 shares of the company’s stock worth $1,102,000 after purchasing an additional 253,536 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Full House Resorts by 1,685.4% during the second quarter. Jane Street Group LLC now owns 229,301 shares of the company’s stock worth $839,000 after purchasing an additional 216,458 shares in the last quarter. Orvieto Partners L.P. grew its stake in shares of Full House Resorts by 40.9% during the first quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock worth $1,609,000 after purchasing an additional 207,420 shares in the last quarter. Finally, Mink Brook Asset Management LLC purchased a new position in Full House Resorts in the second quarter valued at $739,000. 37.68% of the stock is owned by hedge funds and other institutional investors.

Full House Resorts Company Profile

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.