Bally's Co. (NYSE:BALY) Given Consensus Rating of "Hold" by Brokerages

Shares of Bally's Co. (NYSE:BALY - Get Free Report) have been given an average rating of "Hold" by the eight analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.13.

BALY has been the topic of a number of research reports. Stifel Nicolaus decreased their price objective on Bally's from $17.00 to $14.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Citizens Jmp upgraded shares of Bally's to a "hold" rating in a research note on Tuesday, March 18th. Finally, Barclays dropped their target price on shares of Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th.

Bally's Stock Performance

Bally's stock traded down $1.14 during mid-day trading on Monday, hitting $11.29. 12,708 shares of the company's stock traded hands, compared to its average volume of 355,467. Bally's has a fifty-two week low of $10.00 and a fifty-two week high of $18.98. The stock has a market cap of $547.68 million, a price-to-earnings ratio of -0.75 and a beta of 2.02. The firm has a 50 day simple moving average of $16.04 and a two-hundred day simple moving average of $17.11. The company has a debt-to-equity ratio of 15.62, a current ratio of 0.56 and a quick ratio of 0.54.

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Bally's (NYSE:BALY - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.76) by $1.34. Bally's had a negative net margin of 30.04% and a negative return on equity of 79.10%. The firm had revenue of $580.37 million during the quarter, compared to the consensus estimate of $589.83 million. On average, research analysts expect that Bally's will post -7.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in Bally's in the third quarter valued at about $48,000. BNP Paribas Financial Markets acquired a new stake in Bally's during the 4th quarter worth approximately $58,000. SG Americas Securities LLC grew its holdings in Bally's by 7.0% during the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after acquiring an additional 624 shares during the last quarter. Intech Investment Management LLC acquired a new position in Bally's in the 4th quarter valued at approximately $196,000. Finally, Two Sigma Advisers LP bought a new position in shares of Bally's during the fourth quarter valued at $250,000. 70.41% of the stock is currently owned by institutional investors.

Bally's Company Profile

Bally's Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company's casino and resort properties, a horse racetrack, and a golf course.