PENN Entertainment (PENN) Scheduled to Post Earnings on Thursday

PENN Entertainment (NASDAQ:PENNGet Free Report) will be announcing its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of ($0.39) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

PENN Entertainment Stock Up 0.2 %

Shares of NASDAQ PENN opened at $22.12 on Thursday. The stock has a market cap of $3.36 billion, a P/E ratio of -19.40, a PEG ratio of 27.56 and a beta of 2.13. The business’s fifty day simple moving average is $24.16 and its 200-day simple moving average is $23.46. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of 1.47. PENN Entertainment has a 12-month low of $18.35 and a 12-month high of $34.11.

Insider Transactions at PENN Entertainment

In other news, EVP Christopher Byron Rogers sold 5,017 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $25.23, for a total value of $126,578.91. Following the transaction, the executive vice president now directly owns 30,214 shares of the company’s stock, valued at approximately $762,299.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jay A. Snowden sold 172,930 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $25.25, for a total transaction of $4,366,482.50. Following the completion of the sale, the chief executive officer now directly owns 689,072 shares of the company’s stock, valued at $17,399,068. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher Byron Rogers sold 5,017 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $25.23, for a total transaction of $126,578.91. Following the completion of the transaction, the executive vice president now directly owns 30,214 shares in the company, valued at $762,299.22. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of PENN Entertainment in the 4th quarter valued at $59,504,000. Renaissance Technologies LLC increased its holdings in shares of PENN Entertainment by 79.3% during the first quarter. Renaissance Technologies LLC now owns 1,789,038 shares of the company’s stock worth $75,891,000 after purchasing an additional 791,500 shares during the period. Earnest Partners LLC increased its stake in PENN Entertainment by 42.8% in the first quarter. Earnest Partners LLC now owns 1,662,997 shares of the company’s stock valued at $70,544,000 after acquiring an additional 498,084 shares during the last quarter. Federated Hermes Inc. boosted its position in PENN Entertainment by 8,822.2% in the first quarter. Federated Hermes Inc. now owns 453,784 shares of the company’s stock valued at $19,250,000 after buying an additional 448,698 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of PENN Entertainment by 170.3% during the first quarter. First Trust Advisors LP now owns 592,576 shares of the company’s stock worth $17,576,000 after purchasing an additional 373,380 shares during the period. Institutional investors own 82.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on PENN shares. Truist Financial lowered their target price on shares of PENN Entertainment from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday, October 18th. Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of PENN Entertainment in a report on Monday, December 11th. Capital One Financial assumed coverage on shares of PENN Entertainment in a report on Thursday, October 12th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Bank of America upgraded shares of PENN Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $27.00 to $30.00 in a report on Monday, November 20th. Finally, TheStreet lowered shares of PENN Entertainment from a “c-” rating to a “d” rating in a report on Friday, November 10th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.29.

Check Out Our Latest Stock Analysis on PENN

PENN Entertainment Company Profile

(Get Free Report)

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet Sportbook and Casino.

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Earnings History for PENN Entertainment (NASDAQ:PENN)

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