PENN Entertainment (NASDAQ:PENN) Stock Rating Upgraded by Truist Financial

Truist Financial upgraded shares of PENN Entertainment (NASDAQ:PENN) from a hold rating to a buy rating in a report released on Tuesday morning, MarketBeat.com reports. They currently have $23.00 price objective on the stock.

Several other research analysts have also commented on the stock. Barclays cut their price target on shares of PENN Entertainment from $27.00 to $26.00 and set an overweight rating on the stock in a report on Friday, April 19th. Mizuho assumed coverage on shares of PENN Entertainment in a research note on Tuesday, March 26th. They set a buy rating and a $29.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of PENN Entertainment from $21.00 to $22.00 and gave the company an equal weight rating in a research note on Tuesday, April 9th. 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 research note on Friday, February 16th. Finally, StockNews.com downgraded shares of PENN Entertainment from a hold rating to a sell rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, PENN Entertainment presently has a consensus rating of Moderate Buy and a consensus target price of $29.80.

PENN Entertainment Price Performance

PENN Entertainment stock opened at $16.86 on Tuesday. PENN Entertainment has a 52 week low of $15.88 and a 52 week high of $31.63. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.60. The firm’s 50-day simple moving average is $17.58 and its 200 day simple moving average is $21.33. The firm has a market capitalization of $2.56 billion, a PE ratio of -4.63 and a beta of 2.06.

PENN Entertainment (NASDAQ:PENN) last released its earnings results on Thursday, February 15th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). The firm 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 7.70% and a positive return on equity of 1.31%. On average, equities research analysts predict that PENN Entertainment will post -0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On PENN Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of PENN. National Bank of Canada FI grew its stake in shares of PENN Entertainment by 12.6% in the 3rd quarter. National Bank of Canada FI now owns 4,162 shares of the company’s stock valued at $94,000 after buying an additional 466 shares in the last quarter. Tyler Stone Wealth Management lifted its holdings in PENN Entertainment by 34.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company’s stock worth $45,000 after purchasing an additional 500 shares during the last quarter. Jump Financial LLC lifted its holdings in PENN Entertainment by 1.4% in the 3rd quarter. Jump Financial LLC now owns 36,289 shares of the company’s stock worth $833,000 after purchasing an additional 510 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in PENN Entertainment by 3.7% in the 3rd quarter. Westside Investment Management Inc. now owns 14,852 shares of the company’s stock worth $341,000 after purchasing an additional 525 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in PENN Entertainment by 57.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,521 shares of the company’s stock worth $40,000 after purchasing an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

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.