Flutter Entertainment (NYSE:FLUT) PT Raised to $273.00

Flutter Entertainment (NYSE:FLUT) had its price objective raised by Susquehanna from $230.00 to $273.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 15.69% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on FLUT. Wells Fargo & Company upped their price target on Flutter Entertainment from $218.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Needham & Company LLC initiated coverage on shares of Flutter Entertainment in a research report on Monday, September 23rd. They set a “buy” rating and a $270.00 price target for the company. Craig Hallum lifted their price target on shares of Flutter Entertainment from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Oppenheimer raised their price target on Flutter Entertainment from $255.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Berenberg Bank raised shares of Flutter Entertainment to a “strong-buy” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $264.36.

Flutter Entertainment Stock Up 0.2 %

FLUT stock opened at $235.98 on Monday. Flutter Entertainment has a 1 year low of $148.00 and a 1 year high of $252.84. The business’s 50-day moving average is $213.89 and its two-hundred day moving average is $201.58.

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in shares of Flutter Entertainment in the 1st quarter valued at $28,000. Rothschild Investment LLC bought a new position in Flutter Entertainment during the second quarter worth about $37,000. CWM LLC acquired a new position in Flutter Entertainment during the second quarter valued at approximately $40,000. YHB Investment Advisors Inc. bought a new stake in Flutter Entertainment in the first quarter valued at approximately $45,000. Finally, Hilltop National Bank bought a new position in shares of Flutter Entertainment during the 2nd quarter valued at about $101,000.

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.