Bally's
BALY

$16.98

0.41%

Market Cap: 687M

About: Ballys Corp is a casino entertainment company with a growing omni-channel presence. It currently owns and manages 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, formerly Gamesys Group, a online gaming operator, Bally Bet, a sports betting platform, and Bally Casino, a iCasino platform. The Company's casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms.

Employees: 10,500

Consumer Discretionary Hotels & Motels

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 6 analysts

0

News positive %

of 15 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

258% more call options, than puts

Call options by funds: $25.6M | Put options by funds: $7.16M

50% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 6 (+2) [Q1 2024]

39% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 18

6% more funds holding

Funds holding: 112 [Q4 2023] → 119 (+7) [Q1 2024]

3.83% more ownership

Funds ownership: 62.24% [Q4 2023] → 66.08% (+3.83%) [Q1 2024]

9% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 35

7% less capital invested

Capital invested by funds: $396M [Q4 2023] → $369M (-$26.6M) [Q1 2024]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$11

35%

downside

Avg. target

$14.75

13%

downside

High target

$18.25

7%

upside

6 analyst ratings

1 positive

17%

4 neutral

67%

1 negative

17%

TD Cowen Lance Vitanza	7%upside $18.25	Hold Downgraded	26 Jul 2024
Truist Securities Barry Jonas	7%upside $18.25	Hold Downgraded	26 Jul 2024
Wells Fargo Daniel Politzer	35%downside $11	Underweight Maintained	15 Jul 2024
Stifel Jeffrey Stantial	18%downside $14	Hold Maintained	2 May 2024
Truist Securities Barry Jonas	6%downside $16	Buy Maintained	23 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 15 articles about BALY published over the past 30 days

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Bally's Corp. - BALY

NEW YORK , July 26, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Bally's Corp. (NYSE: BALY ), relating to its proposed merger with Standard General L.P.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Bally's Corp. - BALY

BALLY'S INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Bally's Corporation - BALY

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Bally's Corporation (NYSE: BALY) to Standard General L.P. Under the terms of the proposed transaction, shareholders of Bally's will receive $18.25 in cash for each share of Bally's that they own. In lieu of receiving the cash consideration, Bally's shareholders may elect to retain all or a portion of their Bal.

BALLY'S INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Bally's Corporation - BALY

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Proposed Bally's Corp. (NYSE: BALY) Shareholder Buyout and Encourages Investors to Contact the Firm

PHILADELPHIA, July 26, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it has launched an investigation into the recently announced proposed buyout of Bally's Corporation (“Bally's”) (NYSE: BALY) shareholders.

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Proposed Bally's Corp. (NYSE: BALY) Shareholder Buyout and Encourages Investors to Contact the Firm

Zacks Investment Research

Strength Seen in Bally's (BALY): Can Its 25.1% Jump Turn into More Strength?

Bally's (BALY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in Bally's (BALY): Can Its 25.1% Jump Turn into More Strength?

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Bally's Corporation

NEW YORK , July 25, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Bally's Corporation (NYSE: BALY) and its board of directors concerning the proposed acquisition of the company by Standard General L.P. Stockholders can elect to receive $18.25 for each share of Bally's stock that they hold, or to retain all or a portion of their stock through a rollover election.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Bally's Corporation

BALY Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Bally's Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Bally's Corporation (NYSE: BALY) to Standard General L.P. for $18.25 per share is fair to Bally's shareholders. In lieu of receiving the cash consideration, Bally's shareholders may elect to retain all or a portion of their Bally's stock by means of a rollover election. Halper Sadeh encourages Bally's shareholders to click here to learn more about their legal rights and options or cont.

BALY Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Bally's Corporation Is Fair to Shareholders

Shareholder Alert: Ademi LLP investigates whether Bally's Corporation has obtained a Fair Price for its Public Shareholders

MILWAUKEE , July 25, 2024 /PRNewswire/ -- Ademi LLP is investigating Bally's (NYSE: BALY) for possible breaches of fiduciary duty and other violations of law in its transaction with Standard General. Click here to learn how to join our investigation https://www.ademilaw.com/case/ballys-corporation or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Bally's Corporation has obtained a Fair Price for its Public Shareholders

Bally's Buyout Alert: Is $10 Fair? Shareholders Seeking More Money Should Contact Julie & Holleman Regarding Sale to Major Shareholder Standard General L.P.

NEW YORK , July 25, 2024 /PRNewswire/ --Nationally recognized shareholder rights firm Julie & Holleman LLP is investigating the proposed $18.25 per share buyout of Bally's Corporation (NYSE: BALY) by the company's largest shareholder, private equity firm Standard General L.P. For a free, no-risk consultation, please visit https://julieholleman.com/ballys-corporation/, or contact firm partner Scott Holleman by email at scott@julieholleman.com.

Bally's Buyout Alert: Is $10 Fair? Shareholders Seeking More Money Should Contact Julie & Holleman Regarding Sale to Major Shareholder Standard General L.P.

Bally's Enters Into Merger Agreement With Affiliates of Standard General L.P.

PROVIDENCE, R.I.--(BUSINESS WIRE)--Bally's Corporation (“Bally's” or the “Company”) (NYSE: BALY) announced today that it has entered into a definitive merger agreement (the “Merger”) pursuant to which Standard General L.P. (“Standard General”), the Company's largest common stockholder, will acquire the Company's outstanding shares for $18.25 per Bally's share (the “Cash Consideration”). The price represents a 71% premium over the Company's 30-day volume weighted average price per share as of Ma.

Bally's Enters Into Merger Agreement With Affiliates of Standard General L.P.

Zacks Investment Research

Bally's Corporation (BALY) Expected to Beat Earnings Estimates: Should You Buy?

Bally's (BALY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bally's Corporation (BALY) Expected to Beat Earnings Estimates: Should You Buy?

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