Century Casinos (NASDAQ:CNTY) Given New $5.00 Price Target at Stifel Nicolaus

Century Casinos (NASDAQ:CNTY - Free Report) had its target price upped by Stifel Nicolaus from $4.00 to $5.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on CNTY. Macquarie reduced their price target on shares of Century Casinos from $5.00 to $4.00 and set an "outperform" rating for the company in a report on Friday, August 9th. JMP Securities upgraded shares of Century Casinos from a "market perform" rating to an "outperform" rating and set a $5.00 price target for the company in a report on Tuesday.

Century Casinos Price Performance

Shares of CNTY stock traded up $0.27 during mid-day trading on Tuesday, reaching $3.97. The company's stock had a trading volume of 399,008 shares, compared to its average volume of 140,300. The company has a market cap of $121.81 million, a P/E ratio of -1.76 and a beta of 2.55. The company has a debt-to-equity ratio of 6.22, a quick ratio of 1.91 and a current ratio of 1.96. The firm's 50-day moving average is $2.64 and its two-hundred day moving average is $2.66. Century Casinos has a 1-year low of $1.94 and a 1-year high of $5.05.

Century Casinos (NASDAQ:CNTY - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.02). The business had revenue of $155.70 million for the quarter, compared to analyst estimates of $158.10 million. Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, research analysts predict that Century Casinos will post -2.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Nokomis Capital L.L.C. grew its position in shares of Century Casinos by 9.3% during the 1st quarter. Nokomis Capital L.L.C. now owns 1,953,657 shares of the company's stock worth $6,174,000 after buying an additional 165,452 shares during the period. Vanguard Group Inc. raised its stake in shares of Century Casinos by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,690,827 shares of the company's stock worth $5,343,000 after purchasing an additional 13,372 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of Century Casinos by 27.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,530,061 shares of the company's stock worth $3,917,000 after purchasing an additional 325,890 shares during the period. GSA Capital Partners LLP raised its stake in shares of Century Casinos by 214.6% during the 1st quarter. GSA Capital Partners LLP now owns 147,084 shares of the company's stock worth $465,000 after purchasing an additional 100,333 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Century Casinos by 64.0% during the 2nd quarter. Squarepoint Ops LLC now owns 117,072 shares of the company's stock worth $324,000 after purchasing an additional 45,695 shares during the period. Institutional investors own 66.36% of the company's stock.

Century Casinos Company Profile

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. It develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. The company was founded in 1992 and is based in Colorado Springs, Colorado.