Barclays Cuts Bally’s (NYSE:BALY) Price Target to $14.00

Bally’s (NYSE:BALY) had its price objective decreased by Barclays from $18.00 to $14.00 in a report issued on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Separately, Stifel Nicolaus lowered their target price on Bally’s from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Bally’s currently has an average rating of “Hold” and a consensus target price of $17.13.

Bally’s Stock Performance

BALY stock opened at $18.12 on Monday. The business’s 50-day moving average price is $17.02 and its two-hundred day moving average price is $17.35. Bally’s has a 1-year low of $10.00 and a 1-year high of $18.98. The firm has a market cap of $736.89 million, a PE ratio of -1.20 and a beta of 2.05. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 15.62.

Institutional Trading of Bally’s

Institutional investors have recently bought and sold shares of the company. Vestcor Inc increased its stake in Bally’s by 0.6% in the 4th quarter. Vestcor Inc now owns 100,594 shares of the company’s stock valued at $1,800,000 after buying an additional 594 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Bally’s by 7.0% during the 4th quarter. SG Americas Securities LLC now owns 9,493 shares of the company’s stock worth $170,000 after purchasing an additional 624 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Bally’s by 6.5% during the 4th quarter. Wells Fargo & Company MN now owns 14,055 shares of the company’s stock worth $251,000 after purchasing an additional 860 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Bally’s during the 3rd quarter worth approximately $38,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Bally’s during the 3rd quarter worth approximately $48,000. 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.