PENN Entertainment (NASDAQ:PENN) PT Raised to $32.00 at Mizuho

PENN Entertainment (NASDAQ:PENN) had its price target raised by Mizuho from $29.00 to $32.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the stock.

PENN has been the topic of a number of other research reports. JMP Securities reaffirmed a market perform rating on shares of PENN Entertainment in a research note on Tuesday, April 23rd. Needham & Company LLC reiterated a buy rating and issued a $32.00 target price on shares of PENN Entertainment in a report on Thursday. Stifel Nicolaus dropped their price target on PENN Entertainment from $27.00 to $23.00 and set a hold rating for the company in a research note on Friday, February 16th. Barclays cut their price objective on PENN Entertainment from $27.00 to $26.00 and set an overweight rating on the stock in a report on Friday, April 19th. Finally, Benchmark initiated coverage on PENN Entertainment in a report on Tuesday, April 16th. They set a hold rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, PENN Entertainment presently has a consensus rating of Hold and a consensus price target of $26.93.

PENN Entertainment Trading Up 0.8 %

Shares of NASDAQ:PENN traded up $0.12 during midday trading on Friday, reaching $15.13. The company’s stock had a trading volume of 8,572,736 shares, compared to its average volume of 6,675,829. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -2.03 and a beta of 2.06. The business has a 50 day moving average price of $17.44 and a 200 day moving average price of $21.16. PENN Entertainment has a 1 year low of $13.50 and a 1 year high of $29.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.60.

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

Hedge Funds Weigh In On PENN Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in PENN. GSA Capital Partners LLP increased its stake in shares of PENN Entertainment by 324.7% in the first quarter. GSA Capital Partners LLP now owns 109,096 shares of the company’s stock worth $1,987,000 after buying an additional 83,407 shares during the last quarter. Graypoint LLC acquired a new position in PENN Entertainment during the 1st quarter worth $487,000. Hanlon Investment Management Inc. increased its position in shares of PENN Entertainment by 13.9% in the 1st quarter. Hanlon Investment Management Inc. now owns 89,882 shares of the company’s stock worth $1,637,000 after purchasing an additional 11,000 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in shares of PENN Entertainment by 281.4% in the 1st quarter. Capstone Investment Advisors LLC now owns 59,049 shares of the company’s stock valued at $1,075,000 after purchasing an additional 43,566 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of PENN Entertainment by 603.3% during the first quarter. BNP Paribas Financial Markets now owns 93,384 shares of the company’s stock worth $1,701,000 after purchasing an additional 80,106 shares during the last quarter. 91.69% of the stock is currently owned by hedge funds and other 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.