Bally's Co. (NYSE:BALY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $12.43, but opened at $12.70. Bally's shares last traded at $13.03, with a volume of 748 shares trading hands.
Wall Street Analyst Weigh In
BALY has been the subject of several analyst reports. Stifel Nicolaus cut their price objective on shares of Bally's from $17.00 to $14.00 and set a "hold" rating for the company in a report on Thursday, March 6th. Barclays reduced their target price on Bally's from $18.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Finally, Citizens Jmp raised shares of Bally's to a "hold" rating in a report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.13.
Check Out Our Latest Research Report on Bally's
Bally's Trading Up 30.6 %
The stock's 50 day simple moving average is $15.64 and its 200 day simple moving average is $16.98. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.54 and a current ratio of 0.56. The firm has a market cap of $753.36 million, a PE ratio of -1.03 and a beta of 2.02.
Bally's (NYSE:BALY - Get Free Report) last released its earnings results on Monday, March 17th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of ($0.76) by $1.34. Bally's had a negative return on equity of 79.10% and a negative net margin of 30.04%. The business had revenue of $580.37 million for the quarter, compared to analysts' expectations of $589.83 million. On average, sell-side analysts forecast that Bally's Co. will post -7.26 earnings per share for the current fiscal year.
Institutional Trading of Bally's
Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of Bally's in the 3rd quarter worth approximately $48,000. BNP Paribas Financial Markets bought a new position in shares of Bally's during the fourth quarter valued at about $58,000. SG Americas Securities LLC increased its stake in Bally's by 7.0% in the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company's stock worth $170,000 after purchasing an additional 624 shares during the period. Intech Investment Management LLC bought a new stake in Bally's during the 4th quarter valued at $196,000. Finally, Two Sigma Advisers LP bought a new position in shares of Bally's during the fourth quarter valued at about $250,000. Hedge funds and other institutional investors own 70.41% of the company's stock.
About Bally's
(
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.
Read More
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
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
