Eldorado Resorts Inc (NASDAQ:ERI) gapped up prior to trading on Thursday . The stock had previously closed at $46.20, but opened at $45.95. Eldorado Resorts shares last traded at $46.40, with a volume of 63756 shares changing hands.

ERI has been the topic of a number of research analyst reports. SunTrust Banks raised their target price on Eldorado Resorts to $49.00 and gave the company a “buy” rating in a report on Friday, May 4th. JPMorgan Chase & Co. set a $55.00 target price on Eldorado Resorts and gave the company a “buy” rating in a report on Friday, May 4th. ValuEngine raised Eldorado Resorts from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. BidaskClub downgraded Eldorado Resorts from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 7th. Finally, Telsey Advisory Group raised their target price on Eldorado Resorts from $48.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, May 31st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Eldorado Resorts has an average rating of “Buy” and an average target price of $46.94.

The company has a market cap of $3.36 billion, a P/E ratio of 4,595.00 and a beta of 1.05. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 2.20.

Eldorado Resorts (NASDAQ:ERI) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.05). Eldorado Resorts had a net margin of 9.99% and a return on equity of 11.64%. The firm had revenue of $456.80 million during the quarter, compared to the consensus estimate of $461.57 million. During the same quarter in the previous year, the company posted ($0.68) earnings per share. The firm’s revenue was up 21.6% on a year-over-year basis. equities analysts expect that Eldorado Resorts Inc will post 1.86 EPS for the current year.

In other news, CFO Thomas Reeg purchased 1,500 shares of the company’s stock in a transaction dated Thursday, May 24th. The stock was bought at an average cost of $43.03 per share, for a total transaction of $64,545.00. Following the purchase, the chief financial officer now owns 122,485 shares of the company’s stock, valued at $5,270,529.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James B. Hawkins purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average price of $42.45 per share, with a total value of $169,800.00. Following the completion of the purchase, the director now directly owns 107,832 shares in the company, valued at approximately $4,577,468.40. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ERI. Castleark Management LLC raised its position in Eldorado Resorts by 17.6% during the 2nd quarter. Castleark Management LLC now owns 497,980 shares of the company’s stock worth $19,471,000 after purchasing an additional 74,495 shares during the last quarter. Millennium Management LLC raised its position in Eldorado Resorts by 39.2% during the 2nd quarter. Millennium Management LLC now owns 1,825,582 shares of the company’s stock worth $71,380,000 after purchasing an additional 513,742 shares during the last quarter. Pacific Grove Capital LP bought a new position in Eldorado Resorts during the 2nd quarter worth $4,714,000. Centaurus Financial Inc. bought a new position in Eldorado Resorts during the 2nd quarter worth $2,646,000. Finally, MetLife Investment Advisors LLC raised its position in Eldorado Resorts by 47.5% during the 2nd quarter. MetLife Investment Advisors LLC now owns 30,096 shares of the company’s stock worth $1,177,000 after purchasing an additional 9,698 shares during the last quarter. Institutional investors own 87.25% of the company’s stock.

Eldorado Resorts Company Profile (NASDAQ:ERI)

Eldorado Resorts, Inc, a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, West Virginia, Colorado, Florida, Iowa, Mississippi, and Missouri. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino; Circus Circus Reno, a 1,571-room hotel-casino and entertainment complex; Eldorado Resort Casino Shreveport, a 403-room, all suite art deco-style hotel and tri-level riverboat dockside casino; Mountaineer Casino, Racetrack & Resort, a 357-room 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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