Shares of PENN Entertainment, Inc. (NASDAQ:PENN – Get Free Report) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $23.75.
A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of PENN Entertainment from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $26.00 target price on shares of PENN Entertainment in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on PENN Entertainment from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Wells Fargo & Company increased their target price on PENN Entertainment from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Barclays dropped their price target on PENN Entertainment from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday.
View Our Latest Analysis on PENN
Insider Activity
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Driehaus Capital Management LLC bought a new stake in PENN Entertainment during the second quarter worth approximately $4,535,000. Vanguard Group Inc. lifted its holdings in shares of PENN Entertainment by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,729,920 shares of the company’s stock valued at $383,273,000 after buying an additional 97,945 shares during the period. Capstone Investment Advisors LLC boosted its stake in PENN Entertainment by 281.4% during the first quarter. Capstone Investment Advisors LLC now owns 59,049 shares of the company’s stock valued at $1,075,000 after buying an additional 43,566 shares in the last quarter. Virtu Financial LLC acquired a new position in PENN Entertainment during the first quarter worth about $1,098,000. Finally, Cetera Advisors LLC raised its position in PENN Entertainment by 184.3% in the first quarter. Cetera Advisors LLC now owns 60,708 shares of the company’s stock worth $1,105,000 after acquiring an additional 39,356 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.
PENN Entertainment Stock Performance
Shares of PENN stock opened at $18.99 on Friday. The company’s fifty day moving average price is $18.92 and its two-hundred day moving average price is $18.08. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $2.89 billion, a P/E ratio of -2.55 and a beta of 2.10. PENN Entertainment has a 12 month low of $13.50 and a 12 month high of $27.20.
PENN Entertainment (NASDAQ:PENN – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.09. PENN Entertainment had a negative return on equity of 7.13% and a negative net margin of 19.48%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business posted $0.48 earnings per share. PENN Entertainment’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that PENN Entertainment will post -1.32 earnings per share for the current fiscal year.
About PENN Entertainment
PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.
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