Citizens Jmp Issues Pessimistic Forecast for Full House Resorts (NASDAQ:FLL) Stock Price

Full House Resorts (NASDAQ:FLL) had its price target cut by stock analysts at Citizens Jmp from $3.00 to $2.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp‘s price target points to a potential upside of 209.60% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Weiss Ratings upgraded Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. Texas Capital cut Full House Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen upgraded Full House Resorts from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Full House Resorts in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Full House Resorts has a consensus rating of “Hold” and an average target price of $3.00.

Full House Resorts Stock Performance

Shares of NASDAQ:FLL traded down $0.08 during midday trading on Friday, hitting $0.65. 219,409 shares of the stock were exchanged, compared to its average volume of 179,208. The company has a market capitalization of $23.43 million, a PE ratio of -0.63 and a beta of 1.53. Full House Resorts has a 52-week low of $0.61 and a 52-week high of $3.37. The business’s fifty day simple moving average is $1.44 and its two-hundred day simple moving average is $2.22.

Full House Resorts (NASDAQ:FLL) last issued its earnings results on Thursday, November 5th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). Full House Resorts had a negative net margin of 12.06% and a negative return on equity of 473.31%. The firm had revenue of $81.78 million during the quarter, compared to analysts’ expectations of $81.90 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLL. Private Management Group Inc. boosted its position in Full House Resorts by 2.4% during the third quarter. Private Management Group Inc. now owns 1,786,253 shares of the company’s stock worth $2,536,000 after purchasing an additional 42,412 shares during the period. Rangeley Capital LLC grew 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 valued at $2,060,000 after purchasing an additional 19,578 shares during the last quarter. BlackRock Inc. bought a new position in shares of Full House Resorts in the second quarter valued at approximately $1,814,000. Orvieto Partners L.P. raised its position in shares of Full House Resorts by 40.9% in the first quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock valued at $1,609,000 after purchasing an additional 207,420 shares during the period. Finally, Simplify Asset Management Inc. raised its position in shares of Full House Resorts by 53.0% in the third quarter. Simplify Asset Management Inc. now owns 607,500 shares of the company’s stock valued at $863,000 after purchasing an additional 210,500 shares during the period. 37.68% of the stock is owned by institutional investors.

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.