PENN Entertainment (NASDAQ:PENN) PT Lowered to $22.00

PENN Entertainment (NASDAQ:PENN) had its price target dropped by investment analysts at Barclays from $26.00 to $22.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 45.45% from the company’s previous close.

PENN has been the topic of a number of other reports. Stifel Nicolaus reduced their target price 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. Canaccord Genuity Group reduced their price objective on shares of PENN Entertainment from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of PENN Entertainment in a research note on Thursday. Truist Financial raised 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, Morgan Stanley lifted their price objective on PENN Entertainment from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.93.

PENN Entertainment Trading Up 0.8 %

Shares of PENN Entertainment stock opened at $15.13 on Friday. PENN Entertainment has a 1 year low of $13.50 and a 1 year high of $29.38. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day moving average price of $17.44 and a 200 day moving average price of $21.16. The company has a market capitalization of $2.30 billion, a P/E ratio of -2.03 and a beta of 2.06.

PENN Entertainment (NASDAQ:PENN) last released 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 3.39% and a negative net margin of 17.77%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Sell-side analysts anticipate that PENN Entertainment will post -0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On PENN Entertainment

Several institutional investors have recently bought and sold shares of PENN. GSA Capital Partners LLP boosted its position in PENN Entertainment by 324.7% during the 1st quarter. GSA Capital Partners LLP now owns 109,096 shares of the company’s stock worth $1,987,000 after purchasing an additional 83,407 shares during the period. Graypoint LLC acquired a new position in shares of PENN Entertainment during the first quarter worth about $487,000. Hanlon Investment Management Inc. boosted its position in shares of PENN Entertainment by 13.9% in the first quarter. Hanlon Investment Management Inc. now owns 89,882 shares of the company’s stock worth $1,637,000 after buying an additional 11,000 shares during the period. Capstone Investment Advisors LLC grew its stake in shares of PENN Entertainment by 281.4% in the first quarter. Capstone Investment Advisors LLC now owns 59,049 shares of the company’s stock valued at $1,075,000 after buying an additional 43,566 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of PENN Entertainment by 603.3% during the 1st quarter. BNP Paribas Financial Markets now owns 93,384 shares of the company’s stock valued at $1,701,000 after buying an additional 80,106 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

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.