<div id="readability-page-1"><p>Bally's Corporation (NYSE:BALY - Get Free Report) traded down 5.2% during trading on Tuesday . The company traded as low as $16.71 and last traded at $16.78. 112,333 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 94,852 shares. The stock had previously closed at $17.70.</p><h2>Analyst Ratings Changes</h2><ul><li>Is Bally’s Turnaround a Safe Bet Amid Mixed Investor Sentiment?</li></ul><p>A number of brokerages have issued reports on BALY. Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of Bally's in a report on Thursday, October 30th. Barclays dropped their target price on shares of Bally's from $13.00 to $11.00 and set an &#34;equal weight&#34; rating for the company in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Bally's from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Sunday, September 7th. Stifel Nicolaus increased their price objective on shares of Bally's from $10.00 to $20.00 and gave the company a &#34;hold&#34; rating in a report on Tuesday, November 11th. Finally, Truist Financial raised their price objective on Bally's from $13.00 to $18.00 and gave the company a &#34;hold&#34; rating in a research report on Friday, November 14th. Five equities research analysts have rated the stock with a Hold rating and one  has given a Sell rating to the stock. According to data from MarketBeat.com, the company  has an average rating of &#34;Reduce&#34; and a consensus price target of $16.50.</p><p><b>View Our Latest Analysis on Bally's</b></p><h2>Bally's Price Performance</h2><ul><li>How to Invest in Casino Stocks: Pros and Cons and More</li></ul><p>The company has a market cap of $824.02 million, a P/E ratio of -3.43 and a beta of 1.46. The firm's 50-day moving average is $15.53 and its two-hundred day moving average is $11.92. The company has a debt-to-equity ratio of 7.13, a current ratio of 0.68 and a quick ratio of 0.66. </p><p>Bally's (NYSE:BALY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($1.70) EPS for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.99). Bally's had a negative return on equity of 63.71% and a negative net margin of 17.41%.The business had revenue of $210.25 million during the quarter, compared to analysts' expectations of $668.49 million.  Analysts anticipate that  Bally's Corporation will post -7.26 earnings per share for the current year. </p><h2>Institutional Investors Weigh In On Bally's</h2><ul><li>Bally's Misses Views, But Wall Street Sees Earnings Growth In '21 and '22</li></ul><p>Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase &amp; Co. lifted its stake in shares of  Bally's by 21,781.4% in the 3rd quarter. JPMorgan Chase &amp; Co. now owns 758,411 shares of the company's stock valued at $8,418,000 after purchasing an additional 754,945 shares during the last quarter.  Geode Capital Management LLC raised its holdings in  Bally's by 113.1% during the 2nd quarter. Geode Capital Management LLC now owns 164,555 shares of the company's stock valued at $1,577,000 after buying an additional 87,346 shares during the period.  Janney Montgomery Scott LLC bought a new stake in  Bally's in the second quarter worth $867,000.  JB Capital Partners LP purchased a new position in  Bally's during the third quarter worth $555,000.  Finally, Crossingbridge Advisors LLC boosted its stake in  Bally's by 40.0% during the third quarter. Crossingbridge Advisors LLC now owns 35,000 shares of the company's stock worth $388,000 after buying an additional 10,000 shares during the period. 70.41% of the stock is owned by institutional investors. </p><h2>About Bally's</h2> (Get Free Report)<p>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 &amp; Resorts, International Interactive, and North America Interactive. The Casinos &amp; Resorts segment consists of the company's casino and resort properties, a horse racetrack, and a golf course.</p><h2>Read More</h2><ul><li>Five stocks we like better than Bally's</li><li>What Are Dividend Champions? How to Invest in the Champions</li><li>Worried About Mag 7 Concentration Risk? This ETF Could Help</li><li>The How And Why of Investing in Oil Stocks</li><li>Dell Just Hit a Record in AI Orders—But the Real Test Starts Now</li><li>Consumer Discretionary Stocks Explained</li><li>Here's Who Wins If Trump's 50-Year Mortgages Come to Market</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Bally's Right Now?</h2><p>Before you consider Bally's, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bally's wasn't on the list.</p><p>While Bally's currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Bally's Corporation shares fell 5.2% to $16.78, with increased trading volume. Analysts have mixed ratings: Weiss Ratings suggests selling, while others have varied price targets. Bally's reported a quarterly loss, missing expectations, with negative return on equity and net margin. Institutional investors have adjusted their stakes, with 70.41% ownership. Bally's operates casinos, resorts, and online gaming globally.</p>

Bally's (NYSE:BALY) Shares Down 5.2% - What's Next?