Eldorado Resorts (NASDAQ:ERI) Downgraded by BidaskClub

BidaskClub cut shares of Eldorado Resorts (NASDAQ:ERI) from a buy rating to a hold rating in a research report released on Saturday, BidAskClub reports.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Eldorado Resorts from a hold rating to a sell rating in a research note on Monday, June 8th. Nomura Instinet lifted their price target on shares of Eldorado Resorts from $12.50 to $34.00 and gave the company a neutral rating in a research note on Tuesday, June 2nd. Nomura lifted their price target on shares of Eldorado Resorts from $12.50 to $34.00 in a research note on Tuesday, June 2nd. TheStreet lowered shares of Eldorado Resorts from a c- rating to a d rating in a research note on Thursday, June 11th. Finally, ValuEngine raised shares of Eldorado Resorts from a hold rating to a buy rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Eldorado Resorts has a consensus rating of Buy and an average target price of $42.40.

Eldorado Resorts stock opened at $40.06 on Friday. The company’s 50 day simple moving average is $35.56 and its 200 day simple moving average is $39.85. Eldorado Resorts has a fifty-two week low of $6.02 and a fifty-two week high of $70.74. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -23.43 and a beta of 2.79. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.61 and a quick ratio of 1.59.

Eldorado Resorts (NASDAQ:ERI) last released its quarterly earnings data on Monday, May 11th. The company reported ($2.25) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($2.37). Eldorado Resorts had a positive return on equity of 7.93% and a negative net margin of 5.62%. The firm had revenue of $473.07 million for the quarter, compared to the consensus estimate of $542.45 million. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue was down 25.6% compared to the same quarter last year. As a group, analysts predict that Eldorado Resorts will post -4.85 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Profund Advisors LLC raised its holdings in shares of Eldorado Resorts by 7.5% in the fourth quarter. Profund Advisors LLC now owns 6,342 shares of the company’s stock valued at $378,000 after purchasing an additional 441 shares during the last quarter. Amalgamated Bank increased its holdings in Eldorado Resorts by 3.8% during the fourth quarter. Amalgamated Bank now owns 12,694 shares of the company’s stock worth $757,000 after buying an additional 464 shares during the last quarter. Mason Street Advisors LLC increased its holdings in Eldorado Resorts by 1.4% during the fourth quarter. Mason Street Advisors LLC now owns 34,746 shares of the company’s stock worth $2,072,000 after buying an additional 488 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its holdings in Eldorado Resorts by 2.5% during the first quarter. Honkamp Krueger Financial Services Inc. now owns 22,778 shares of the company’s stock worth $328,000 after buying an additional 545 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Eldorado Resorts by 0.4% during the first quarter. Rhumbline Advisers now owns 197,421 shares of the company’s stock worth $2,843,000 after buying an additional 810 shares during the last quarter. Institutional investors own 98.00% of the company’s stock.

About Eldorado Resorts

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.

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Analyst Recommendations for Eldorado Resorts (NASDAQ:ERI)

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