Analysts Set Bally’s Co. (NYSE:BALY) Target Price at $17.13

Shares of Bally’s Co. (NYSE:BALY) have earned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $17.13.

A number of equities research analysts have recently weighed in on BALY shares. Stifel Nicolaus cut their target price on shares of Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, March 6th. Citizens Jmp raised Bally’s to a “hold” rating in a research report on Tuesday, March 18th. Finally, Barclays dropped their price target on Bally’s from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th.

Bally’s Trading Down 9.2 %

Shares of BALY opened at $11.29 on Monday. The stock has a market capitalization of $547.68 million, a P/E ratio of -0.75 and a beta of 2.02. Bally’s has a twelve month low of $10.00 and a twelve month high of $18.98. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 15.62. The firm has a fifty day simple moving average of $16.04 and a two-hundred day simple moving average of $17.11.

Bally’s (NYSE:BALY) last released its quarterly earnings data on Monday, March 17th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of ($0.76) by $1.34. Bally’s had a negative return on equity of 79.10% and a negative net margin of 30.04%. The business had revenue of $580.37 million during the quarter, compared to analysts’ expectations of $589.83 million. On average, research analysts anticipate that Bally’s will post -7.26 EPS for the current year.

Institutional Trading of Bally’s

Large investors have recently modified their holdings of the company. Two Sigma Advisers LP purchased a new stake in shares of Bally’s during the 4th quarter valued at about $250,000. Man Group plc purchased a new stake in shares of Bally’s in the 4th quarter worth $5,187,000. K2 Principal Fund L.P. bought a new position in Bally’s in the 4th quarter worth $1,262,000. Eisler Capital Management Ltd. purchased a new position in Bally’s during the fourth quarter valued at $4,699,000. Finally, Deutsche Bank AG grew its stake in shares of Bally’s by 49.1% during the 4th quarter. Deutsche Bank AG now owns 22,715 shares of the company’s stock valued at $406,000 after acquiring an additional 7,485 shares during the period. Institutional investors own 70.41% of the company’s stock.

About Bally’s

Bally’s Corp. is a global casino-entertainment company with a portfolio of casinos and resorts and online gaming businesses. It operates through the following segments: Casinos & Resorts, International Interactive, and North America Interactive. The Casinos & Resorts segment consists of the company’s casino and resort properties, a horse racetrack, and a golf course.