PENN Entertainment, Inc. (NASDAQ:PENN) Receives $29.80 Consensus PT from Analysts

Shares of PENN Entertainment, Inc. (NASDAQ:PENN) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $29.80.

Several equities research analysts have weighed in on the company. Needham & Company LLC lowered their price target on PENN Entertainment from $33.00 to $32.00 and set a “buy” rating for the company in a report on Friday, February 16th. Morgan Stanley boosted their target price on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Mizuho began coverage on shares of PENN Entertainment in a report on Tuesday, March 26th. They issued a “buy” rating and a $29.00 price target for the company. Truist Financial upgraded PENN Entertainment from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus dropped their price objective on shares of PENN Entertainment from $27.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, February 16th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Huntington National Bank increased its stake in PENN Entertainment by 324.8% during the 3rd quarter. Huntington National Bank now owns 1,402 shares of the company’s stock worth $32,000 after buying an additional 1,072 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in PENN Entertainment in the 4th quarter valued at about $32,000. Lindbrook Capital LLC increased its holdings in shares of PENN Entertainment by 57.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,521 shares of the company’s stock valued at $40,000 after purchasing an additional 553 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of PENN Entertainment in the 4th quarter worth $40,000. Finally, Signaturefd LLC increased its stake in shares of PENN Entertainment by 60.8% in the 3rd quarter. Signaturefd LLC now owns 1,922 shares of the company’s stock worth $44,000 after acquiring an additional 727 shares during the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Trading Down 1.9 %

NASDAQ:PENN opened at $16.86 on Friday. The firm has a 50 day moving average of $17.58 and a 200 day moving average of $21.33. 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 has a 52 week low of $15.88 and a 52 week high of $31.63. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -4.63 and a beta of 2.06.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing the consensus estimate of ($0.57) by ($1.18). PENN Entertainment had a negative net margin of 7.70% and a positive return on equity of 1.31%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.54 billion. As a group, sell-side analysts anticipate that PENN Entertainment will post -0.9 earnings per share for the current fiscal year.

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.