<div id="readability-page-1"><p>Shares of Bally's Corporation (NYSE:BALY - Get Free Report) fell 6.9% on Monday . The stock traded as low as $16.38 and last traded at $16.5350. 44,257 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 97,292 shares. The stock had previously closed at $17.76.</p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Is Bally’s Turnaround a Safe Bet Amid Mixed Investor Sentiment?</li></ul><p>Several equities research analysts recently commented on the company. Macquarie boosted their target price on Bally's from $12.00 to $17.00 and gave the stock a &#34;neutral&#34; rating in a report on Friday, November 14th. Truist Financial lifted their price target 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. Weiss Ratings  restated a &#34;sell (d-)&#34; rating on shares of Bally's in a report on Thursday, October 30th. Wall Street Zen raised Bally's from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Sunday, September 7th. Finally, Barclays  set a $11.00 target price on Bally's and gave the stock an &#34;underweight&#34; rating in a report on Wednesday, December 17th. Four investment analysts have rated the stock with a Hold rating and two have issued  a Sell rating to the company's stock. According to MarketBeat.com, Bally's  has an average rating of &#34;Reduce&#34; and an average price target of $16.50.</p><p><b>Check Out Our Latest Research Report on BALY</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 stock has a 50-day moving average of $17.26 and a two-hundred day moving average of $12.83. The firm has a market cap of $812.86 million, a price-to-earnings ratio of -3.39 and a beta of 1.46. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 7.13. </p><p>Bally's (NYSE:BALY - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($1.70) EPS for the quarter. Bally's had a negative net margin of 17.41% and a negative return on equity of 63.71%. The firm had revenue of $210.25 million for the quarter.  On average, analysts anticipate that  Bally's Corporation will post -7.26 EPS for the current year. </p><h2>Hedge Funds 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>Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase &amp; Co. acquired a new stake in  Bally's during the 2nd quarter valued at $33,000.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of  Bally's during the second quarter valued at $38,000.  Bank of America Corp DE raised its position in  Bally's by 2,087.9% during the second quarter. Bank of America Corp DE now owns 7,942 shares of the company's stock valued at $76,000 after buying an additional 7,579 shares during the period.  New York State Common Retirement Fund purchased a new stake in  Bally's in the 2nd quarter worth about $97,000.  Finally, Rhumbline Advisers lifted its stake in  Bally's by 9.9% in the 3rd quarter. Rhumbline Advisers now owns 10,160 shares of the company's stock worth $113,000 after acquiring an additional 916 shares in the last quarter. 70.41% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>About Bally's</h2> (Get Free Report)<p>Bally's Corporation is an integrated entertainment company engaged in the ownership, development and operation of land‐based casinos, sports betting venues and online gaming platforms. The company leverages the iconic Bally's brand under a long‐term license to provide gaming and hospitality services across multiple channels, including retail casinos, mobile sports wagering and interactive casino games.  </p><p>The company's portfolio spans gaming properties in key U.S. jurisdictions such as Rhode Island, Colorado, New Jersey, Mississippi, Iowa, Indiana, Pennsylvania and Nevada.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Bally's</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>[No Brainer Gold Play]: “Show me a better investment.”</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 (NYSE:BALY) shares fell 6.9% to $16.54, with trading volume down 55% from average levels. Analysts have mixed views, with Macquarie raising its target price to $17 and Truist to $18, while Weiss Ratings maintained a 'sell' rating. The company reported a quarterly EPS of -$1.70 and has a negative net margin of 17.41%. Institutional investors hold 70.41% of the stock. Bally's operates casinos and online gaming platforms across the U.S.</p>

Bally's (NYSE:BALY) Stock Price Down 6.9% - Here's Why