Pinnacle Entertainment Inc (NASDAQ:PNK) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.00.
A number of equities analysts have recently weighed in on PNK shares. BidaskClub lowered Pinnacle Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. Zacks Investment Research upgraded Pinnacle Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 18th. Stifel Nicolaus restated a “hold” rating and set a $35.00 price objective on shares of Pinnacle Entertainment in a research note on Thursday, August 16th. Finally, ValuEngine lowered Pinnacle Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th.
Shares of NASDAQ PNK traded up $0.15 during trading hours on Friday, reaching $33.40. 407,311 shares of the stock were exchanged, compared to its average volume of 406,324. The firm has a market cap of $1.98 billion, a P/E ratio of 32.75 and a beta of 1.49. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of -13.62. Pinnacle Entertainment has a 52 week low of $19.09 and a 52 week high of $35.18.
Pinnacle Entertainment (NASDAQ:PNK) last announced its earnings results on Thursday, August 2nd. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.07). The firm had revenue of $647.60 million for the quarter, compared to the consensus estimate of $649.20 million. Pinnacle Entertainment had a negative return on equity of 24.61% and a net margin of 3.16%. Pinnacle Entertainment’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) EPS. analysts forecast that Pinnacle Entertainment will post 1.21 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the business. KBC Group NV increased its stake in Pinnacle Entertainment by 15.5% during the 1st quarter. KBC Group NV now owns 11,429 shares of the company’s stock worth $345,000 after acquiring an additional 1,531 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Pinnacle Entertainment by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 12,917 shares of the company’s stock valued at $436,000 after purchasing an additional 1,772 shares in the last quarter. Barclays PLC boosted its holdings in shares of Pinnacle Entertainment by 2.1% in the 1st quarter. Barclays PLC now owns 95,344 shares of the company’s stock valued at $2,875,000 after purchasing an additional 2,003 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Pinnacle Entertainment by 2.2% in the 1st quarter. Swiss National Bank now owns 95,500 shares of the company’s stock valued at $2,879,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Mint Tower Capital Management B.V. boosted its holdings in shares of Pinnacle Entertainment by 25.0% in the 2nd quarter. Mint Tower Capital Management B.V. now owns 12,500 shares of the company’s stock valued at $422,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 87.16% of the company’s stock.
Pinnacle Entertainment Company Profile
Pinnacle Entertainment, Inc owns, develops, and operates casinos and related hospitality and entertainment facilities in the United States. It operates through Midwest, South, and West segments. As of February 28, 2018, the company owned and operated 16 gaming entertainment businesses located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, and Pennsylvania.
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