Eldorado Resorts Inc (ERI) Director David P. Tomick Acquires 700 Shares

Eldorado Resorts Inc (NASDAQ:ERI) Director David P. Tomick bought 700 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was purchased at an average cost of $43.83 per share, with a total value of $30,681.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ:ERI traded down $1.60 during trading hours on Tuesday, reaching $40.93. The stock had a trading volume of 77,441 shares, compared to its average volume of 1,421,054. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.63 and a quick ratio of 1.57. Eldorado Resorts Inc has a 12-month low of $29.16 and a 12-month high of $50.64. The company has a market capitalization of $3.40 billion, a P/E ratio of 4,082.00, a P/E/G ratio of 1.18 and a beta of 1.50.

Eldorado Resorts (NASDAQ:ERI) last released its earnings results on Thursday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.10). Eldorado Resorts had a return on equity of 12.38% and a net margin of 10.21%. The firm had revenue of $487.25 million during the quarter, compared to analysts’ expectations of $494.60 million. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts anticipate that Eldorado Resorts Inc will post 1.87 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in shares of Eldorado Resorts by 282.7% in the second quarter. Bank of Montreal Can now owns 3,341 shares of the company’s stock worth $130,000 after acquiring an additional 2,468 shares during the period. Strs Ohio bought a new position in shares of Eldorado Resorts in the second quarter worth $156,000. Oppenheimer Asset Management Inc. bought a new position in shares of Eldorado Resorts in the third quarter worth $252,000. Invictus RG bought a new position in shares of Eldorado Resorts in the third quarter worth $268,000. Finally, Hsbc Holdings PLC bought a new position in shares of Eldorado Resorts in the third quarter worth $277,000. 94.84% of the stock is owned by hedge funds and other institutional investors.

ERI has been the subject of a number of recent research reports. ValuEngine raised Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. BidaskClub raised Eldorado Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Jefferies Financial Group set a $57.00 target price on Eldorado Resorts and gave the stock a “buy” rating in a research report on Monday, November 26th. Zacks Investment Research raised Eldorado Resorts from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Wednesday, November 14th. Finally, Roth Capital raised their target price on Eldorado Resorts from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 13th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $51.38.

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About Eldorado Resorts

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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