Flutter Entertainment (NYSE:FLUT) PT Raised to $275.00

Flutter Entertainment (NYSE:FLUT) had its price target raised by Craig Hallum from $240.00 to $275.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the stock.

FLUT has been the topic of a number of other research reports. JMP Securities reaffirmed a market outperform rating and issued a $255.00 price target on shares of Flutter Entertainment in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Flutter Entertainment from $218.00 to $224.00 and gave the company an equal weight rating in a research report on Wednesday, August 14th. Needham & Company LLC started coverage on Flutter Entertainment in a report on Monday, September 23rd. They set a buy rating and a $270.00 target price for the company. Oppenheimer boosted their price target on Flutter Entertainment from $255.00 to $300.00 and gave the company an outperform rating in a report on Thursday. Finally, Barclays increased their price objective on Flutter Entertainment from $263.00 to $275.00 and gave the stock an overweight rating in a report on Thursday. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Flutter Entertainment has a consensus rating of Buy and a consensus target price of $260.45.

Flutter Entertainment Stock Down 2.3 %

Shares of Flutter Entertainment stock opened at $238.33 on Thursday. The stock’s fifty day simple moving average is $209.39 and its 200 day simple moving average is $201.13. Flutter Entertainment has a 12 month low of $148.00 and a 12 month high of $252.84.

Flutter Entertainment (NYSE:FLUT) last released its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.41 billion. As a group, research analysts anticipate that Flutter Entertainment will post 4.75 earnings per share for the current year.

Flutter Entertainment declared that its Board of Directors has authorized a share buyback program on Wednesday, September 25th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Flutter Entertainment

A number of large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Flutter Entertainment during the 1st quarter worth about $28,000. Rothschild Investment LLC bought a new position in Flutter Entertainment during the second quarter worth about $37,000. CWM LLC bought a new position in Flutter Entertainment during the second quarter worth about $40,000. YHB Investment Advisors Inc. acquired a new position in Flutter Entertainment during the first quarter worth approximately $45,000. Finally, Financial Perspectives Inc acquired a new stake in shares of Flutter Entertainment in the first quarter valued at approximately $102,000.

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.