PENN Entertainment (NASDAQ:PENN) Price Target Raised to $32.00

PENN Entertainment (NASDAQ:PENN) had its price target lifted by Mizuho from $29.00 to $32.00 in a report released on Friday, Benzinga reports. Mizuho currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on PENN. Canaccord Genuity Group reduced their price target on PENN Entertainment from $32.00 to $28.00 and set a buy rating for the company in a research report on Monday, April 29th. Truist Financial upgraded PENN Entertainment from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Tuesday, April 23rd. StockNews.com lowered PENN Entertainment from a hold rating to a sell rating in a research report on Wednesday, March 6th. Macquarie reduced their price target on PENN Entertainment from $35.00 to $33.00 and set an outperform rating on the stock in a research report on Friday, February 16th. Finally, JMP Securities reiterated a market perform rating on shares of PENN Entertainment in a report on Tuesday, April 23rd. 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $25.92.

PENN Entertainment Stock Down 1.5 %

NASDAQ PENN traded down $0.23 during trading on Friday, hitting $14.90. The company’s stock had a trading volume of 359,927 shares, compared to its average volume of 5,856,076. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $2.27 billion, a PE ratio of -2.03 and a beta of 2.06. The business’s 50 day simple moving average is $17.44 and its 200-day simple moving average is $21.17. PENN Entertainment has a fifty-two week low of $13.50 and a fifty-two week high of $29.38.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($1.75) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($1.18). PENN Entertainment had a negative return on equity of 3.53% and a negative net margin of 17.77%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, equities analysts anticipate that PENN Entertainment will post -0.9 EPS for the current fiscal year.

Institutional Trading of PENN Entertainment

Several hedge funds have recently modified their holdings of PENN. Commonwealth Equity Services LLC lifted its holdings in shares of PENN Entertainment by 8.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 57,884 shares of the company’s stock valued at $1,328,000 after buying an additional 4,270 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of PENN Entertainment by 11.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 29,804 shares of the company’s stock valued at $684,000 after buying an additional 3,041 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in shares of PENN Entertainment in the 3rd quarter valued at approximately $46,000. Raymond James & Associates lifted its holdings in shares of PENN Entertainment by 15.7% in the 3rd quarter. Raymond James & Associates now owns 73,007 shares of the company’s stock valued at $1,676,000 after buying an additional 9,886 shares during the period. Finally, Total Clarity Wealth Management Inc. lifted its holdings in shares of PENN Entertainment by 10.5% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 17,363 shares of the company’s stock valued at $398,000 after buying an additional 1,647 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

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.