PENN Entertainment (PENN) to Release Earnings on Thursday

PENN Entertainment (NASDAQ:PENNGet Free Report) is scheduled to announce its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of ($0.39) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

PENN Entertainment Price Performance

Shares of PENN opened at $23.39 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of 1.47. PENN Entertainment has a 1 year low of $18.35 and a 1 year high of $32.86. The stock has a market cap of $3.55 billion, a P/E ratio of -20.52, a price-to-earnings-growth ratio of 30.08 and a beta of 2.13. The stock’s 50-day moving average price is $24.05 and its two-hundred day moving average price is $23.39.

Insider Buying and Selling at PENN Entertainment

In other PENN Entertainment news, CEO Jay A. Snowden sold 172,930 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $25.25, for a total transaction of $4,366,482.50. Following the completion of the transaction, the chief executive officer now owns 689,072 shares of the company’s stock, valued at approximately $17,399,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PENN Entertainment news, EVP Christopher Byron Rogers sold 5,017 shares of PENN Entertainment stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $25.23, for a total value of $126,578.91. Following the transaction, the executive vice president now directly owns 30,214 shares of the company’s stock, valued at $762,299.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jay A. Snowden sold 172,930 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $25.25, for a total transaction of $4,366,482.50. Following the sale, the chief executive officer now directly owns 689,072 shares in the company, valued at $17,399,068. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of PENN Entertainment

Large investors have recently made changes to their positions in the company. Quarry LP lifted its stake in PENN Entertainment by 95.1% during the 2nd quarter. Quarry LP now owns 1,383 shares of the company’s stock worth $33,000 after acquiring an additional 674 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in shares of PENN Entertainment in the 2nd quarter valued at approximately $35,000. Money Concepts Capital Corp lifted its holdings in shares of PENN Entertainment by 85.4% in the 4th quarter. Money Concepts Capital Corp now owns 1,309 shares of the company’s stock valued at $39,000 after buying an additional 603 shares during the period. Ancora Advisors LLC raised its holdings in PENN Entertainment by 164.2% during the fourth quarter. Ancora Advisors LLC now owns 1,601 shares of the company’s stock worth $48,000 after purchasing an additional 995 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC acquired a new position in PENN Entertainment during the first quarter worth $50,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PENN has been the topic of a number of recent research reports. TheStreet lowered PENN Entertainment from a “c-” rating to a “d” rating in a research report on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of PENN Entertainment in a research note on Monday, December 11th. Morgan Stanley reduced their price target on PENN Entertainment from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, November 13th. Truist Financial cut their target price on PENN Entertainment from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday, October 18th. Finally, Bank of America raised PENN Entertainment from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $27.00 to $30.00 in a report on Monday, November 20th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.29.

View Our Latest Stock Analysis on PENN Entertainment

PENN Entertainment Company Profile

(Get Free Report)

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet Sportbook and Casino.

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Earnings History for PENN Entertainment (NASDAQ:PENN)

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