Day At The Track

Isle of Capri downgraded by Zacks

05:24 PM 14 Jan 2018 NZDT
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Isle Of Capri Casinos, Inc.
Isle Of Capri Casinos, Inc.

Isle of Capri Casinos Inc. (NASDAQ:ISLE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “Isle of Capri Casinos is a developer, owner and operator of branded gaming and related lodging and entertainment facilities in growing markets in the United States. The company wholly or partially owns and operates gaming facilities under the name Isle of Capri. In addition, the company wholly owns and operates a pari-mutuel harness racing facility and owns interests in and operates gaming activities aboard a cruise ship based. “

Several other analysts also recently commented on the stock. Gabelli raised shares of Isle of Capri Casinos from a “hold” rating to a “buy” rating in a research report on Friday, December 2nd. Macquarie downgraded shares of Isle of Capri Casinos from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research report on Wednesday, September 21st. Stifel Nicolaus downgraded shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Finally, TheStreet downgraded shares of Isle of Capri Casinos from a “buy” rating to a “hold” rating in a research report on Tuesday, August 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Isle of Capri Casinos has an average rating of “Hold” and a consensus price target of $19.33.

Isle of Capri Casinos (NASDAQ:ISLE) traded down 0.61% during mid-day trading on Tuesday, hitting $24.38. The company has a 50 day moving average of $23.14 and a 200 day moving average of $20.28. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 15.30 and a beta of 1.56. Isle of Capri Casinos has a 52 week low of $10.62 and a 52 week high of $24.79.

Isle of Capri Casinos (NASDAQ:ISLE) last announced its quarterly earnings data on Thursday, December 1st. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.07. Isle of Capri Casinos had a net margin of 7.02% and a return on equity of 62.06%. The firm had revenue of $198.60 million for the quarter. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Equities analysts forecast that Isle of Capri Casinos will post $1.21 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Isle of Capri Casinos during the second quarter worth about $536,000. Dimensional Fund Advisors LP increased its stake in shares of Isle of Capri Casinos by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 388,082 shares of the company’s stock worth $7,110,000 after buying an additional 2,954 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Isle of Capri Casinos by 0.5% in the second quarter. Nationwide Fund Advisors now owns 64,046 shares of the company’s stock worth $1,173,000 after buying an additional 288 shares during the last quarter. Alambic Investment Management L.P. increased its stake in shares of Isle of Capri Casinos by 10.8% in the second quarter. Alambic Investment Management L.P. now owns 31,748 shares of the company’s stock worth $582,000 after buying an additional 3,100 shares during the last quarter. Finally, Oxford Asset Management bought a new stake in shares of Isle of Capri Casinos during the second quarter worth about $524,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Isle of Capri Casinos Company Profile

Isle of Capri Casinos, Inc is a developer, owner and operator of branded gaming facilities and related dining, lodging and entertainment facilities in regional markets in the United States. The Company owns or operates over 10 gaming and entertainment facilities in Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri and Pennsylvania.

Get a free copy of the Zacks research report on Isle of Capri Casinos (ISLE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Donald Glover

Reprinted with Permission of The Bangalore Weekly

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