Full House Resorts (NASDAQ:FLL) Rating Increased to Hold at Wall Street Zen

Full House Resorts (NASDAQ:FLL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Full House Resorts in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Full House Resorts currently has an average rating of “Hold” and a consensus price target of $4.00.

Full House Resorts Stock Performance

FLL opened at $2.40 on Friday. Full House Resorts has a 1-year low of $2.02 and a 1-year high of $4.95. The stock has a market cap of $87.02 million, a P/E ratio of -2.24 and a beta of 1.20. The stock’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $2.54. The company has a debt-to-equity ratio of 187.23, a current ratio of 0.60 and a quick ratio of 0.57.

Full House Resorts (NASDAQ:FLL) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.01. The firm had revenue of $74.42 million during the quarter, compared to analysts’ expectations 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

Hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. increased its position in Full House Resorts by 1.0% during the third quarter. Private Management Group Inc. now owns 1,725,285 shares of the company’s stock worth $5,538,000 after buying an additional 17,551 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Full House Resorts by 2.5% in the third quarter. Vanguard Group Inc. now owns 1,599,602 shares of the company’s stock valued at $5,135,000 after acquiring an additional 39,075 shares in the last quarter. Rangeley Capital LLC lifted its position in shares of Full House Resorts by 2.2% in the first quarter. Rangeley Capital LLC now owns 915,578 shares of the company’s stock valued at $2,060,000 after acquiring an additional 19,578 shares in the last quarter. Orvieto Partners L.P. boosted 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 valued at $1,609,000 after acquiring an additional 207,420 shares during the last quarter. Finally, 1060 Capital LLC acquired a new stake in shares of Full House Resorts during the fourth quarter valued at $1,044,000. Hedge funds and other 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.