Flutter Entertainment (NYSE:FLUT) Price Target Raised to $286.00

Flutter Entertainment (NYSE:FLUT) had its price target upped by Susquehanna from $273.00 to $286.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a positive rating on the stock.

Several other analysts have also recently issued reports on FLUT. Bank of America began coverage on Flutter Entertainment in a research note on Monday, October 14th. They issued a “buy” rating and a $300.00 target price on the stock. Wells Fargo & Company restated an “overweight” rating and set a $295.00 target price on shares of Flutter Entertainment in a report on Wednesday, October 30th. JMP Securities lifted their price target on shares of Flutter Entertainment from $255.00 to $287.00 and gave the company a “market outperform” rating in a report on Monday, October 14th. UBS Group began coverage on shares of Flutter Entertainment in a report on Friday, November 8th. They issued a “buy” rating and a $306.00 price objective for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $265.00 price objective on shares of Flutter Entertainment in a research report on Monday, October 14th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $296.08.

Flutter Entertainment Stock Performance

FLUT opened at $265.44 on Wednesday. The stock’s 50 day simple moving average is $233.95 and its 200 day simple moving average is $210.01. Flutter Entertainment has a 1 year low of $149.00 and a 1 year high of $269.90.

Flutter Entertainment (NYSE:FLUT) last issued its earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $1.26. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.41 billion. Analysts expect that Flutter Entertainment will post 4.65 EPS for the current fiscal year.

Flutter Entertainment announced that its board has approved a share repurchase program on Wednesday, September 25th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Flutter Entertainment

Institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in Flutter Entertainment during the 2nd quarter valued at $37,000. CWM LLC purchased a new stake in shares of Flutter Entertainment during the second quarter valued at $40,000. US Bancorp DE increased its holdings in Flutter Entertainment by 71.7% in the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after buying an additional 99 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Flutter Entertainment in the 3rd quarter worth about $82,000. Finally, Hilltop National Bank bought a new position in 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.