Full House Resorts (NASDAQ:FLL) Price Target Lowered to $6.00 at JMP Securities

Full House Resorts (NASDAQ:FLL - Free Report) had its target price lowered by JMP Securities from $7.00 to $6.00 in a research note issued to investors on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Separately, Craig Hallum raised Full House Resorts to a "strong-buy" rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Full House Resorts currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.67.

Full House Resorts Trading Down 8.1 %

Shares of Full House Resorts stock traded down $0.43 on Thursday, hitting $4.91. The stock had a trading volume of 234,691 shares, compared to its average volume of 94,453. The stock has a 50 day moving average of $5.00 and a 200 day moving average of $5.06. The firm has a market capitalization of $170.87 million, a P/E ratio of -6.06 and a beta of 1.99. Full House Resorts has a twelve month low of $3.69 and a twelve month high of $5.98. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.78 and a current ratio of 0.81.

Full House Resorts (NASDAQ:FLL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.11). Full House Resorts had a negative net margin of 10.11% and a negative return on equity of 37.79%. The business had revenue of $73.49 million during the quarter, compared to analyst estimates of $79.10 million. During the same quarter last year, the company posted ($0.16) earnings per share. Sell-side analysts expect that Full House Resorts will post -0.74 earnings per share for the current fiscal year.

Insider Activity

In other Full House Resorts news, CEO Daniel R. Lee sold 35,000 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $5.02, for a total transaction of $175,700.00. Following the sale, the chief executive officer now owns 1,116,249 shares of the company's stock, valued at approximately $5,603,569.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Full House Resorts news, CEO Daniel R. Lee sold 35,000 shares of Full House Resorts stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $5.02, for a total value of $175,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,116,249 shares in the company, valued at approximately $5,603,569.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel R. Lee sold 13,002 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $4.96, for a total value of $64,489.92. Following the transaction, the chief executive officer now owns 1,588,880 shares in the company, valued at $7,880,844.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,041 shares of company stock valued at $924,473. 12.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLL. Gabelli Funds LLC grew its stake in Full House Resorts by 0.3% in the second quarter. Gabelli Funds LLC now owns 600,000 shares of the company's stock valued at $3,000,000 after acquiring an additional 2,000 shares during the period. Rhumbline Advisers grew its position in Full House Resorts by 14.6% in the 2nd quarter. Rhumbline Advisers now owns 59,333 shares of the company's stock valued at $297,000 after purchasing an additional 7,551 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Full House Resorts during the 2nd quarter valued at $50,000. KG&L Capital Management LLC bought a new stake in Full House Resorts during the 3rd quarter valued at $50,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Full House Resorts during the first quarter worth $57,000. 37.68% of the stock is owned by institutional investors.

Full House Resorts Company Profile

Full House Resorts, Inc owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada.