Full House Resorts (NASDAQ:FLL) Price Target Cut to $8.00 by Analysts at B. Riley

Full House Resorts (NASDAQ:FLL) had its target price lowered by B. Riley from $9.00 to $8.00 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

FLL has been the topic of a number of other reports. JMP Securities decreased their target price on Full House Resorts from $7.00 to $6.00 and set a “market outperform” rating on the stock in a report on Thursday. Craig Hallum raised shares of Full House Resorts to a “strong-buy” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.67.

Full House Resorts Stock Performance

Shares of NASDAQ:FLL traded up $0.11 during trading hours on Thursday, hitting $5.02. The stock had a trading volume of 207,534 shares, compared to its average volume of 81,873. The company has a debt-to-equity ratio of 7.88, a quick ratio of 0.78 and a current ratio of 0.81. The stock’s fifty day simple moving average is $5.00 and its 200 day simple moving average is $5.05. The firm has a market capitalization of $178.71 million, a price-to-earnings ratio of -4.25 and a beta of 1.99. Full House Resorts has a 1-year low of $4.10 and a 1-year high of $5.98.

Insider Activity

In related news, CEO Daniel R. Lee sold 35,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $5.02, for a total transaction of $175,700.00. Following the transaction, the chief executive officer now directly owns 1,116,249 shares in the company, valued at $5,603,569.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Daniel R. Lee sold 35,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $5.02, for a total value of $175,700.00. Following the sale, the chief executive officer now owns 1,116,249 shares of the company’s stock, valued at $5,603,569.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric J. Green bought 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $5.14 per share, with a total value of $38,550.00. Following the transaction, the director now directly owns 178,523 shares in the company, valued at $917,608.22. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 185,041 shares of company stock valued at $924,473. 12.70% of the stock is owned by company insiders.

Institutional Trading of Full House Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of FLL. KG&L Capital Management LLC bought a new position in Full House Resorts in the third quarter valued at approximately $50,000. Private Management Group Inc. acquired a new position in shares of Full House Resorts in the 3rd quarter valued at $2,957,000. SG Americas Securities LLC bought a new position in shares of Full House Resorts in the 3rd quarter worth $54,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Full House Resorts during the second quarter worth $50,000. Finally, Aristeia Capital L.L.C. bought a new stake in Full House Resorts in the second quarter valued at about $140,000. Institutional investors and hedge funds own 37.68% of the company’s stock.

About Full House Resorts

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.