PENN Entertainment, Inc. (NASDAQ:PENN) Given Average Recommendation of “Moderate Buy” by Analysts

PENN Entertainment, Inc. (NASDAQ:PENN) has been assigned an average rating of “Moderate Buy” from the eighteen analysts that are covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.56.

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of PENN Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Benchmark restated a “hold” rating on shares of PENN Entertainment in a research note on Monday, March 3rd. Stifel Nicolaus decreased their price target on shares of PENN Entertainment from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. Needham & Company LLC dropped their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Jefferies Financial Group lifted their target price on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, January 3rd.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PENN. Proficio Capital Partners LLC bought a new position in PENN Entertainment during the fourth quarter worth about $596,000. Janus Henderson Group PLC boosted its stake in PENN Entertainment by 244.7% during the 3rd quarter. Janus Henderson Group PLC now owns 249,106 shares of the company’s stock worth $4,697,000 after acquiring an additional 176,844 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in PENN Entertainment by 8.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company’s stock valued at $11,851,000 after purchasing an additional 46,209 shares during the period. ING Groep NV acquired a new stake in PENN Entertainment in the fourth quarter worth $9,910,000. Finally, IFP Advisors Inc boosted its position in shares of PENN Entertainment by 201.5% during the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Trading Down 7.5 %

Shares of PENN stock opened at $14.29 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. PENN Entertainment has a 1 year low of $13.25 and a 1 year high of $23.08. The firm’s fifty day simple moving average is $19.25 and its 200 day simple moving average is $19.49. The firm has a market capitalization of $2.19 billion, a P/E ratio of -4.03, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19.

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.