Bally's Co. (NYSE:BALY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $18.04, but opened at $17.21. Bally's shares last traded at $16.95, with a volume of 11,028 shares.
Analyst Ratings Changes
Several research firms recently commented on BALY. Citizens Jmp raised Bally's to a "hold" rating in a report on Tuesday, March 18th. Stifel Nicolaus cut their target price on Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Finally, Barclays reduced their price target on Bally's from $18.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Bally's presently has a consensus rating of "Hold" and an average price target of $17.13.
Check Out Our Latest Stock Analysis on BALY
Bally's Trading Up 5.6 %
The business has a fifty day moving average price of $15.35 and a two-hundred day moving average price of $16.86. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62. The firm has a market capitalization of $721.59 million, a PE ratio of -0.99 and a beta of 2.02.
Bally's (NYSE:BALY - Get Free Report) last announced its earnings results on Monday, March 17th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of ($0.76) by $1.34. The company had revenue of $580.37 million during the quarter, compared to analyst estimates of $589.83 million. Bally's had a negative net margin of 30.04% and a negative return on equity of 79.10%. Analysts expect that Bally's Co. will post -7.26 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Spirepoint Private Client LLC acquired a new stake in shares of Bally's in the first quarter valued at $246,000. Regatta Capital Group LLC acquired a new position in Bally's in the 1st quarter valued at about $780,000. Two Sigma Advisers LP acquired a new position in Bally's in the 4th quarter valued at about $250,000. Man Group plc purchased a new stake in Bally's during the fourth quarter worth about $5,187,000. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Bally's during the fourth quarter worth about $1,262,000. 70.41% of the stock is currently owned by institutional investors and hedge funds.
Bally's Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Bally's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bally's wasn't on the list.
While Bally's currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
