Analysts Set PENN Entertainment, Inc. (NASDAQ:PENN) PT at $23.69

PENN Entertainment, Inc. (NASDAQ:PENN) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $23.69.

Several equities analysts recently commented on the stock. Mizuho increased their target price on shares of PENN Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Macquarie reaffirmed an “outperform” rating and set a $26.00 target price on shares of PENN Entertainment in a report on Friday, February 28th. Benchmark reaffirmed a “hold” rating on shares of PENN Entertainment in a report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and increased their target price for the company from $19.00 to $27.00 in a report on Friday, December 13th. Finally, Stifel Nicolaus increased their target price on shares of PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a report on Tuesday, February 11th.

Institutional Investors Weigh In On PENN Entertainment

A number of large investors have recently modified their holdings of PENN. State of New Jersey Common Pension Fund D purchased a new position in PENN Entertainment during the 3rd quarter valued at about $1,921,000. Wolverine Asset Management LLC lifted its position in PENN Entertainment by 112.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 57,745 shares of the company’s stock valued at $1,089,000 after acquiring an additional 30,617 shares during the period. Versor Investments LP purchased a new position in PENN Entertainment during the 3rd quarter valued at about $571,000. Entropy Technologies LP purchased a new position in PENN Entertainment during the 3rd quarter valued at about $586,000. Finally, Natixis Advisors LLC lifted its position in PENN Entertainment by 25.3% during the 3rd quarter. Natixis Advisors LLC now owns 303,655 shares of the company’s stock valued at $5,727,000 after acquiring an additional 61,285 shares during the period. Institutional investors own 91.69% of the company’s stock.

PENN Entertainment Stock Performance

PENN Entertainment stock opened at $17.09 on Wednesday. The firm’s fifty day moving average price is $20.15 and its 200-day moving average price is $19.69. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $2.61 billion, a P/E ratio of -4.81, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19. PENN Entertainment has a fifty-two week low of $13.50 and a fifty-two week high of $23.08.

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.