Brokerages Set Flutter Entertainment plc (NYSE:FLUT) PT at $303.40

Flutter Entertainment plc (NYSE:FLUT) has been given a consensus recommendation of “Buy” by the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. Seventeen research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $304.44.

Several research analysts recently issued reports on FLUT shares. Oppenheimer increased their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus started coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 price target for the company. Wells Fargo & Company dropped their price objective on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. UBS Group raised their target price on Flutter Entertainment from $308.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Craig Hallum upped their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Flutter Entertainment Price Performance

Shares of FLUT opened at $267.60 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment has a 1 year low of $174.03 and a 1 year high of $284.79. The company’s fifty day moving average is $266.47 and its two-hundred day moving average is $234.67.

Hedge Funds Weigh In On Flutter Entertainment

Institutional investors have recently made changes to their positions in the stock. Harbor Investment Advisory LLC increased its position in Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Flutter Entertainment by 58.8% during the fourth quarter. UMB Bank n.a. now owns 135 shares of the company’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Flutter Entertainment by 3.5% in the fourth quarter. Ritholtz Wealth Management now owns 1,725 shares of the company’s stock valued at $446,000 after buying an additional 59 shares during the last quarter. US Bancorp DE lifted its stake in shares of Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company’s stock valued at $56,000 after buying an additional 99 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new stake in Flutter Entertainment during the fourth quarter worth approximately $26,000.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.