Full House Resorts (NASDAQ:FLL) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Full House Resorts (NASDAQ:FLL) from a hold rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other brokerages have also commented on FLL. Texas Capital lowered Full House Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 2nd. Citigroup reaffirmed a “market outperform” rating on shares of Full House Resorts in a research note on Friday, August 7th. Weiss Ratings raised Full House Resorts from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. Finally, Citizens Jmp decreased their target price on Full House Resorts from $3.00 to $2.00 and set a “market outperform” rating for the company in a report on Friday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.00.

Full House Resorts Stock Down 14.1%

FLL stock opened at $0.62 on Friday. The company has a market cap of $22.57 million, a price-to-earnings ratio of -0.59 and a beta of 1.53. The business has a fifty day simple moving average of $1.41 and a 200-day simple moving average of $2.21. Full House Resorts has a 52 week low of $0.58 and a 52 week high of $3.37.

Full House Resorts (NASDAQ:FLL) last issued its earnings results on Thursday, November 5th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). Full House Resorts had a negative net margin of 12.23% and a negative return on equity of 473.31%. The firm had revenue of $81.78 million during the quarter, compared to analyst estimates of $81.90 million.

Hedge Funds Weigh In On Full House Resorts

A number of hedge funds have recently made changes to their positions in FLL. BlackRock Inc. acquired a new stake in shares of Full House Resorts in the 2nd quarter valued at about $1,814,000. Simplify Asset Management Inc. lifted its position in shares of Full House Resorts by 53.0% during the third quarter. Simplify Asset Management Inc. now owns 607,500 shares of the company’s stock worth $863,000 after purchasing an additional 210,500 shares during the last quarter. Orvieto Partners L.P. grew its stake in Full House Resorts by 40.9% in the first quarter. Orvieto Partners L.P. now owns 714,897 shares of the company’s stock worth $1,609,000 after purchasing an additional 207,420 shares in the last quarter. One Wealth Advisors LLC acquired a new position in Full House Resorts in the second quarter worth about $361,000. Finally, GSA Capital Partners LLP acquired a new position in Full House Resorts in the second quarter worth about $237,000. Hedge funds and other institutional investors 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.