B. Riley Weighs in on Full House Resorts, Inc.’s Q3 2022 Earnings (NASDAQ:FLL)

Full House Resorts, Inc. (NASDAQ:FLLGet Rating) – Stock analysts at B. Riley dropped their Q3 2022 earnings per share (EPS) estimates for Full House Resorts in a note issued to investors on Wednesday, August 3rd. B. Riley analyst D. Bain now forecasts that the company will post earnings of ($0.05) per share for the quarter, down from their prior forecast of ($0.04). B. Riley has a “Buy” rating and a $17.00 price target on the stock. The consensus estimate for Full House Resorts’ current full-year earnings is $0.08 per share. B. Riley also issued estimates for Full House Resorts’ FY2022 earnings at ($0.21) EPS, FY2023 earnings at $0.90 EPS and Q2 2024 earnings at $0.48 EPS.

Full House Resorts (NASDAQ:FLLGet Rating) last released its earnings results on Monday, May 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Full House Resorts had a return on equity of 4.88% and a net margin of 3.08%. The firm had revenue of $41.42 million for the quarter, compared to analysts’ expectations of $42.70 million. During the same quarter in the previous year, the business posted ($0.13) earnings per share.

Several other analysts have also recently weighed in on FLL. Craig Hallum reduced their price target on Full House Resorts from $18.00 to $13.00 in a report on Tuesday, May 10th. StockNews.com cut Full House Resorts from a “buy” rating to a “hold” rating in a report on Monday, May 16th.

Full House Resorts Stock Performance

Full House Resorts stock opened at $6.71 on Friday. The stock has a market cap of $230.46 million, a PE ratio of 47.93 and a beta of 1.85. The company has a quick ratio of 9.99, a current ratio of 10.04 and a debt-to-equity ratio of 3.56. The business’s 50-day moving average price is $6.32 and its two-hundred day moving average price is $7.86. Full House Resorts has a 12-month low of $4.82 and a 12-month high of $12.57.

Hedge Funds Weigh In On Full House Resorts

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Full House Resorts by 0.7% during the first quarter. BlackRock Inc. now owns 2,050,586 shares of the company’s stock worth $19,706,000 after purchasing an additional 14,940 shares during the period. Vanguard Group Inc. raised its position in shares of Full House Resorts by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,662,008 shares of the company’s stock worth $15,972,000 after purchasing an additional 13,151 shares during the period. Wasatch Advisors Inc. raised its position in shares of Full House Resorts by 1.1% during the first quarter. Wasatch Advisors Inc. now owns 1,342,574 shares of the company’s stock worth $12,902,000 after purchasing an additional 13,960 shares during the period. Kettle Hill Capital Management LLC raised its position in shares of Full House Resorts by 14.1% during the fourth quarter. Kettle Hill Capital Management LLC now owns 789,114 shares of the company’s stock worth $9,556,000 after purchasing an additional 97,738 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Full House Resorts by 0.3% during the first quarter. Gabelli Funds LLC now owns 589,500 shares of the company’s stock worth $5,665,000 after purchasing an additional 1,500 shares during the period. 61.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Full House Resorts

In related news, Director Michael A. Hartmeier bought 18,500 shares of Full House Resorts stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average cost of $5.70 per share, for a total transaction of $105,450.00. Following the completion of the acquisition, the director now directly owns 45,427 shares of the company’s stock, valued at approximately $258,933.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Full House Resorts news, CEO Daniel R. Lee purchased 26,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were purchased at an average cost of $5.55 per share, with a total value of $144,300.00. Following the completion of the purchase, the chief executive officer now owns 1,068,165 shares in the company, valued at $5,928,315.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael A. Hartmeier purchased 18,500 shares of the company’s stock in a transaction on Thursday, May 12th. The stock was acquired at an average cost of $5.70 per share, for a total transaction of $105,450.00. Following the completion of the purchase, the director now owns 45,427 shares of the company’s stock, valued at approximately $258,933.90. The disclosure for this purchase can be found here. Insiders have purchased 72,583 shares of company stock worth $424,613 over the last ninety days. Insiders own 10.90% of the company’s stock.

Full House Resorts Company Profile

(Get Rating)

Full House Resorts, Inc owns, develops, invests in, operates, manages, and leases casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 757 slot machines and 24 table games, a surface parking lot, and a 129 hotel rooms; an on-site sportsbook, a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as an oyster bar, a casino bar, and a beachfront bar; and 37-space beachfront RV park.

Further Reading

Earnings History and Estimates for Full House Resorts (NASDAQ:FLL)

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