PENN Entertainment (NASDAQ:PENN) Receives Outperform Rating from Macquarie

Macquarie reaffirmed their outperform rating on shares of PENN Entertainment (NASDAQ:PENN) in a research note released on Friday,Benzinga reports. Macquarie currently has a $26.00 price objective on the stock.

PENN has been the topic of several other research reports. StockNews.com lowered shares of PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 17th. Jefferies Financial Group raised 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. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and raised their target price for the company from $19.00 to $27.00 in a research report on Friday, December 13th. Susquehanna cut their target price on shares of PENN Entertainment from $26.00 to $25.00 and set a “positive” rating on the stock in a research report on Monday, November 4th. Finally, Stifel Nicolaus raised their target price on shares of PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $23.38.

PENN Entertainment Stock Performance

NASDAQ PENN opened at $21.51 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. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of -6.06, a P/E/G ratio of 1.55 and a beta of 2.09. The firm’s 50 day simple moving average is $20.29 and its 200 day simple moving average is $19.78. PENN Entertainment has a 1 year low of $13.50 and a 1 year high of $23.08.

Hedge Funds Weigh In On PENN Entertainment

Large investors have recently modified their holdings of the business. IFP Advisors Inc raised its stake in 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 buying an additional 1,052 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in PENN Entertainment during the third quarter worth $45,000. Quest Partners LLC acquired a new position in shares of PENN Entertainment during the third quarter valued at about $56,000. Modus Advisors LLC acquired a new position in shares of PENN Entertainment during the fourth quarter valued at about $63,000. Finally, International Assets Investment Management LLC grew its holdings in shares of 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. Institutional investors own 91.69% of the company’s stock.

About PENN Entertainment

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.