Flutter Entertainment (NYSE:FLUT) Price Target Raised to $320.00

Flutter Entertainment (NYSE:FLUT) had its target price boosted by UBS Group from $308.00 to $320.00 in a report released on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other brokerages have also recently commented on FLUT. Oppenheimer raised their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Craig Hallum raised their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Barclays raised their price target on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group began coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price target for the company. Finally, Benchmark raised their price target on shares of Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Flutter Entertainment has a consensus rating of “Buy” and a consensus target price of $298.79.

Flutter Entertainment Stock Up 1.2 %

NYSE:FLUT opened at $276.57 on Tuesday. The company has a 50 day moving average price of $243.32 and a 200 day moving average price of $215.07. Flutter Entertainment has a fifty-two week low of $150.65 and a fifty-two week high of $279.04.

Flutter Entertainment announced that its Board of Directors has approved a stock buyback program on Wednesday, September 25th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Flutter Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE raised its stake in Flutter Entertainment by 71.7% during the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after acquiring an additional 99 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Flutter Entertainment by 4.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,105 shares of the company’s stock worth $737,000 after acquiring an additional 136 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Flutter Entertainment by 3.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,760 shares of the company’s stock worth $1,053,000 after acquiring an additional 170 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in Flutter Entertainment by 3.4% during the 3rd quarter. Hohimer Wealth Management LLC now owns 5,506 shares of the company’s stock worth $1,306,000 after acquiring an additional 181 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Flutter Entertainment by 11.3% in the third quarter. M&T Bank Corp now owns 1,995 shares of the company’s stock valued at $469,000 after purchasing an additional 203 shares during the period.

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.