PENN Entertainment’s (PENN) Hold Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of PENN Entertainment (NASDAQ:PENN) in a research report report published on Monday morning,Benzinga reports.

PENN has been the subject of several other reports. JPMorgan Chase & Co. raised shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $19.00 to $27.00 in a report on Friday, December 13th. Stifel Nicolaus lifted their price target on shares of PENN Entertainment from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Tuesday, February 11th. Susquehanna decreased their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a “positive” rating for the company in a report on Monday, November 4th. Bank of America initiated coverage on shares of PENN Entertainment in a report on Wednesday, November 13th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, Jefferies Financial Group lifted their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, PENN Entertainment has a consensus rating of “Hold” and an average target price of $23.63.

PENN Entertainment Stock Performance

Shares of NASDAQ PENN opened at $20.76 on Monday. The company has a market cap of $3.17 billion, a P/E ratio of -5.85, a P/E/G ratio of 1.55 and a beta of 2.09. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. PENN Entertainment has a 12 month low of $13.50 and a 12 month high of $23.08. The business’s 50 day moving average is $20.34 and its two-hundred day moving average is $19.80.

Institutional Investors Weigh In On PENN Entertainment

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in PENN Entertainment by 1,634.8% during the third quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock valued at $61,000 after buying an additional 3,057 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of PENN Entertainment in the third quarter worth $45,000. Nisa Investment Advisors LLC increased its position in PENN Entertainment by 4.0% during the third quarter. Nisa Investment Advisors LLC now owns 17,410 shares of the company’s stock valued at $328,000 after acquiring an additional 665 shares during the last quarter. New York State Teachers Retirement System increased its position in PENN Entertainment by 0.9% during the third quarter. New York State Teachers Retirement System now owns 186,900 shares of the company’s stock valued at $3,525,000 after acquiring an additional 1,700 shares during the last quarter. Finally, ASB Consultores LLC increased its position in PENN Entertainment by 8.4% during the third quarter. ASB Consultores LLC now owns 14,200 shares of the company’s stock valued at $268,000 after acquiring an additional 1,100 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors.

PENN Entertainment Company Profile

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.