PENN Entertainment (NASDAQ:PENN) Price Target Raised to $21.00

PENN Entertainment (NASDAQ:PENN) had its price target upped by stock analysts at Stifel Nicolaus from $20.00 to $21.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential downside of 3.54% from the stock’s current price.

A number of other research firms have also recently weighed in on PENN. Truist Financial lowered their target price on shares of PENN Entertainment from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Barclays dropped their target price on PENN Entertainment from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Jefferies Financial Group boosted their price target on PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. StockNews.com cut PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 17th. Finally, Susquehanna cut their price objective on PENN Entertainment from $26.00 to $25.00 and set a “positive” rating for the company in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.50.

PENN Entertainment Trading Up 0.4 %

Shares of PENN Entertainment stock opened at $21.77 on Tuesday. PENN Entertainment has a 52-week low of $13.50 and a 52-week high of $23.00. The firm has a market capitalization of $3.32 billion, a PE ratio of -6.13, a price-to-earnings-growth ratio of 1.53 and a beta of 2.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average price is $19.84 and its two-hundred day moving average price is $19.52.

Institutional Trading of PENN Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of PENN. IFP Advisors Inc boosted its position in PENN Entertainment by 201.5% in the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock valued at $31,000 after buying an additional 1,052 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of PENN Entertainment during the third quarter valued at $45,000. GAMMA Investing LLC boosted its holdings in PENN Entertainment by 88.5% in the third quarter. GAMMA Investing LLC now owns 2,716 shares of the company’s stock valued at $51,000 after acquiring an additional 1,275 shares during the last quarter. Quest Partners LLC acquired a new stake in PENN Entertainment in the third quarter worth about $56,000. Finally, International Assets Investment Management LLC raised its holdings in PENN Entertainment by 1,634.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock worth $61,000 after purchasing an additional 3,057 shares during the last quarter. Institutional investors and hedge funds 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.