Several other analysts have also recently commented on the company. Zacks Investment Research cut Isle of Capri Casinos from a strong-buy rating to a hold rating in a report on Tuesday, August 16th. TheStreet cut Isle of Capri Casinos from a buy rating to a hold rating in a report on Tuesday, August 30th. Telsey Advisory Group upped their target price on Isle of Capri Casinos from $18.00 to $19.00 and gave the company a market perform rating in a report on Tuesday, June 14th. Deutsche Bank AG reiterated a hold rating on shares of Isle of Capri Casinos in a report on Wednesday, June 15th. Finally, Stifel Nicolaus upped their target price on Isle of Capri Casinos from $16.00 to $20.00 and gave the company a buy rating in a report on Wednesday, June 15th. Eight equities research analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average target price of $19.33.
Shares of Isle of Capri Casinos (NASDAQ:ISLE) opened at 22.87 on Tuesday. The stock has a 50 day moving average of $18.29 and a 200-day moving average of $16.40. Isle of Capri Casinos has a 12-month low of $10.62 and a 12-month high of $23.32. The firm has a market capitalization of $944.60 million, a P/E ratio of 17.76 and a beta of 1.72.
Isle of Capri Casinos (NASDAQ:ISLE) last released its quarterly earnings results on Tuesday, August 30th. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $240.86 million for the quarter, compared to the consensus estimate of $246.88 million. Isle of Capri Casinos had a return on equity of 82.82% and a net margin of 5.49%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. On average, equities research analysts predict that Isle of Capri Casinos will post $1.24 EPS for the current fiscal year.
In other news, insider Edmund L. Quatmann, Jr. sold 22,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $18.90, for a total transaction of $415,800.00. Following the transaction, the insider now directly owns 156,731 shares of the company’s stock, valued at $2,962,215.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 38.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors raised its position in shares of Isle of Capri Casinos by 14.5% in the second quarter. BlackRock Fund Advisors now owns 648,952 shares of the company’s stock worth $11,889,000 after buying an additional 82,266 shares during the last quarter. State Street Corp raised its stake in Isle of Capri Casinos by 18.4% in the second quarter. State Street Corp now owns 460,879 shares of the company’s stock worth $8,448,000 after buying an additional 71,510 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Isle of Capri Casinos by 36.4% in the first quarter. Panagora Asset Management Inc. now owns 392,563 shares of the company’s stock worth $5,496,000 after buying an additional 104,850 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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. Finally, Lafitte Capital Management LP bought a new stake in Isle of Capri Casinos during the first quarter worth approximately $4,811,000. 54.63% of the stock is currently owned by 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.
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