Eldorado Resorts Inc (NASDAQ:ERI)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $60.77 and last traded at $60.57, with a volume of 67827 shares. The stock had previously closed at $58.82.
Several research firms have commented on ERI. ValuEngine cut shares of Eldorado Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley began coverage on shares of Eldorado Resorts in a research report on Wednesday, November 27th. They set an “overweight” rating and a $65.00 target price on the stock. Roth Capital lifted their target price on shares of Eldorado Resorts from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Deutsche Bank reissued a “buy” rating and set a $66.00 target price on shares of Eldorado Resorts in a research report on Wednesday, October 16th. Finally, TheStreet raised shares of Eldorado Resorts from a “c+” rating to a “b” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $57.79.
The business’s fifty day simple moving average is $56.64 and its 200-day simple moving average is $47.05. The company has a current ratio of 2.32, a quick ratio of 2.28 and a debt-to-equity ratio of 3.68. The firm has a market cap of $4.59 billion, a P/E ratio of 43.70, a PEG ratio of 1.33 and a beta of 1.60.
Eldorado Resorts (NASDAQ:ERI) last issued its earnings results on Wednesday, November 6th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). The business had revenue of $663.20 million for the quarter, compared to the consensus estimate of $674.72 million. Eldorado Resorts had a net margin of 3.61% and a return on equity of 8.99%. The company’s revenue was up 36.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. As a group, research analysts expect that Eldorado Resorts Inc will post 1.46 earnings per share for the current fiscal year.
In related news, insider Stephanie Lepori sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.32, for a total value of $256,600.00. Following the completion of the transaction, the insider now directly owns 17,599 shares in the company, valued at $903,180.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger P. Wagner sold 24,305 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $53.64, for a total transaction of $1,303,720.20. Following the completion of the transaction, the director now owns 18,445 shares of the company’s stock, valued at $989,389.80. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Canyon Capital Advisors LLC boosted its stake in shares of Eldorado Resorts by 1,399.4% during the 3rd quarter. Canyon Capital Advisors LLC now owns 5,129,705 shares of the company’s stock worth $204,521,000 after purchasing an additional 4,787,591 shares during the period. HG Vora Capital Management LLC acquired a new position in shares of Eldorado Resorts in the 2nd quarter valued at $207,315,000. BlackRock Inc. lifted its stake in shares of Eldorado Resorts by 24.3% in the 2nd quarter. BlackRock Inc. now owns 9,153,908 shares of the company’s stock valued at $421,721,000 after purchasing an additional 1,789,647 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Eldorado Resorts by 469.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 958,035 shares of the company’s stock valued at $44,137,000 after purchasing an additional 789,816 shares during the period. Finally, SG Capital Management LLC acquired a new position in shares of Eldorado Resorts in the 3rd quarter valued at $28,388,000. Institutional investors own 98.64% of the company’s stock.
Eldorado Resorts Company Profile (NASDAQ:ERI)
Eldorado Resorts, Inc operates as a gaming and hospitality company in the United States. It owns and operates Eldorado Resort Casino Reno, a hotel, casino, and entertainment facility; Silver Legacy Resort Casino, a themed hotel and casino; Circus Circus Reno, a hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a hotel, casino, entertainment, and live thoroughbred horse racing facility; Presque Isle Downs & Casino, a casino and live thoroughbred horse racing facility; and Eldorado Gaming Scioto Downs, a modern racino.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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