BidaskClub upgraded shares of Pinnacle Entertainment (NASDAQ:PNK) from a sell rating to a hold rating in a research note released on Friday.
Other analysts also recently issued research reports about the company. SunTrust Banks restated an average rating and set a $35.00 price objective on shares of Pinnacle Entertainment in a report on Monday, February 5th. ValuEngine upgraded Pinnacle Entertainment from a hold rating to a buy rating in a report on Thursday, March 1st. Zacks Investment Research upgraded Pinnacle Entertainment from a sell rating to a hold rating in a report on Thursday, March 1st. Citigroup downgraded Pinnacle Entertainment to a hold rating in a report on Tuesday, December 19th. Finally, Susquehanna Bancshares restated a neutral rating on shares of Pinnacle Entertainment in a report on Tuesday, December 19th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $30.14.
Shares of Pinnacle Entertainment stock opened at $30.51 on Friday. The company has a debt-to-equity ratio of -12.15, a current ratio of 0.82 and a quick ratio of 0.79. Pinnacle Entertainment has a 1 year low of $17.70 and a 1 year high of $33.59. The company has a market cap of $1,773.08, a PE ratio of 29.91 and a beta of 1.46.
Pinnacle Entertainment (NASDAQ:PNK) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.14 by $0.22. The firm had revenue of $620.83 million for the quarter, compared to analysts’ expectations of $635.70 million. Pinnacle Entertainment had a net margin of 2.46% and a negative return on equity of 18.61%. Pinnacle Entertainment’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) earnings per share. equities analysts anticipate that Pinnacle Entertainment will post 1.26 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new position in Pinnacle Entertainment during the 4th quarter valued at about $747,000. PEAK6 Investments L.P. grew its stake in Pinnacle Entertainment by 97.4% during the 4th quarter. PEAK6 Investments L.P. now owns 310,391 shares of the company’s stock valued at $10,159,000 after acquiring an additional 153,162 shares in the last quarter. Paloma Partners Management Co purchased a new position in Pinnacle Entertainment during the 4th quarter valued at about $1,467,000. Two Sigma Investments LP grew its stake in Pinnacle Entertainment by 7.9% during the 4th quarter. Two Sigma Investments LP now owns 591,170 shares of the company’s stock valued at $19,349,000 after acquiring an additional 43,232 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in Pinnacle Entertainment by 25.6% during the 4th quarter. Two Sigma Advisers LP now owns 564,297 shares of the company’s stock valued at $18,469,000 after acquiring an additional 114,934 shares in the last quarter. Hedge funds and other institutional investors own 85.93% of the company’s stock.
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Pinnacle Entertainment Company Profile
Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.
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