Full House Resorts (NASDAQ:FLL) Stock Rating Cut to “Hold” at Texas Capital

Full House Resorts (NASDAQ:FLL) was downgraded by analysts at Texas Capital from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Several other equities analysts have also issued reports on FLL. Citigroup reaffirmed a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Citizens Jmp lowered their price objective on Full House Resorts from $4.00 to $3.00 and set a “market outperform” rating for the company in a research report on Friday, August 7th. Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. Finally, Wall Street Zen upgraded shares of Full House Resorts from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $3.50.

Full House Resorts Price Performance

FLL opened at $0.74 on Monday. The company’s 50 day simple moving average is $1.52 and its 200-day simple moving average is $2.25. Full House Resorts has a one year low of $0.74 and a one year high of $3.37.

Full House Resorts (NASDAQ:FLL) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The firm had revenue of $78.06 million for the quarter, compared to analyst estimates of $78.42 million. Full House Resorts had a negative return on equity of 473.31% and a negative net margin of 12.06%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. R Squared Ltd lifted its stake in Full House Resorts by 21.7% in the first quarter. R Squared Ltd now owns 30,944 shares of the company’s stock valued at $70,000 after buying an additional 5,527 shares during the period. Rangeley Capital LLC boosted its holdings in Full House Resorts by 2.2% during the first quarter. Rangeley Capital LLC now owns 915,578 shares of the company’s stock worth $2,060,000 after buying an additional 19,578 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Full House Resorts during the 2nd quarter worth about $64,000. Jefferies Financial Group Inc. acquired a new position in shares of Full House Resorts during the 2nd quarter worth about $206,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Full House Resorts during the 2nd quarter worth about $237,000. Institutional investors and hedge funds own 37.68% of the company’s stock.

Full House Resorts Company Profile

Full House Resorts, Inc (NASDAQ:FLL) is a regional gaming and hospitality company that owns, operates, and manages casinos and related entertainment properties in the United States. Its properties typically offer casino gaming, hotel accommodations, restaurants, bars, live entertainment, and other amenities designed to serve local and destination visitors.

The company’s portfolio includes Chamonix Casino Hotel and Bronco Billy’s Casino in Cripple Creek, Colorado; Silver Slipper Casino Hotel in Bay St.