PENN Entertainment (NASDAQ:PENN) Rating Reiterated by Benchmark

PENN Entertainment (NASDAQ:PENNGet Free Report)‘s stock had its “hold” rating reiterated by stock analysts at Benchmark in a research note issued on Friday, Benzinga reports.

A number of other equities research analysts have also weighed in on PENN. Mizuho boosted their price target on PENN Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com cut shares of PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group cut their target price on PENN Entertainment from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Barclays cut their price target on PENN Entertainment from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Truist Financial raised PENN Entertainment from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.93.

Get Our Latest Research Report on PENN Entertainment

PENN Entertainment Trading Up 0.8 %

NASDAQ:PENN opened at $15.13 on Friday. PENN Entertainment has a 12 month low of $13.50 and a 12 month high of $29.38. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -2.03 and a beta of 2.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.60. The company has a 50-day moving average price of $17.44 and a 200-day moving average price of $21.16.

PENN Entertainment (NASDAQ:PENNGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). PENN Entertainment had a negative return on equity of 3.39% and a negative net margin of 17.77%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Equities analysts predict that PENN Entertainment will post -0.9 EPS for the current year.

Institutional Investors Weigh In On PENN Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of PENN. Vanguard Group Inc. increased its position in shares of PENN Entertainment by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 14,729,920 shares of the company’s stock valued at $383,273,000 after purchasing an additional 97,945 shares during the last quarter. Earnest Partners LLC lifted its position in PENN Entertainment by 11.1% in the 3rd quarter. Earnest Partners LLC now owns 2,718,095 shares of the company’s stock worth $62,380,000 after buying an additional 271,254 shares during the last quarter. Sei Investments Co. boosted its holdings in PENN Entertainment by 52.8% during the 4th quarter. Sei Investments Co. now owns 2,098,203 shares of the company’s stock valued at $54,595,000 after acquiring an additional 725,221 shares during the period. Norges Bank purchased a new position in shares of PENN Entertainment in the fourth quarter valued at about $42,758,000. Finally, ING Groep NV purchased a new stake in PENN Entertainment in the fourth quarter worth $32,556,000. Institutional investors own 91.69% of the company’s stock.

PENN Entertainment Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for PENN Entertainment (NASDAQ:PENN)

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