PENN Entertainment (NASDAQ:PENN) Price Target Cut to $26.00 by Analysts at Barclays

PENN Entertainment (NASDAQ:PENN) had its price target trimmed by Barclays from $27.00 to $26.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the stock. Benchmark assumed coverage on shares of PENN Entertainment in a research note on Tuesday, April 16th. They set a hold rating on the stock. Truist Financial lowered their price target on PENN Entertainment from $27.00 to $23.00 and set a hold rating on the stock in a research report on Friday, February 16th. Mizuho started coverage on PENN Entertainment in a report on Tuesday, March 26th. They issued a buy rating and a $29.00 price objective on the stock. StockNews.com downgraded PENN Entertainment from a hold rating to a sell rating in a research note on Wednesday, March 6th. Finally, Morgan Stanley lifted their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the company an equal weight rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $29.80.

PENN Entertainment Stock Up 2.4 %

Shares of PENN opened at $16.93 on Friday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of -4.65 and a beta of 2.06. PENN Entertainment has a 52 week low of $15.88 and a 52 week high of $31.63. The stock’s 50-day moving average price is $17.85 and its 200-day moving average price is $21.44. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.60.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). PENN Entertainment had a positive return on equity of 1.31% and a negative net margin of 7.70%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, sell-side analysts predict that PENN Entertainment will post -0.86 EPS for the current year.

Institutional Trading of PENN Entertainment

Several hedge funds have recently made changes to their positions in PENN. International Assets Investment Management LLC purchased a new stake in PENN Entertainment in the third quarter valued at $29,000. National Bank of Canada FI lifted its position in PENN Entertainment by 12.6% in the third quarter. National Bank of Canada FI now owns 4,162 shares of the company’s stock valued at $94,000 after buying an additional 466 shares during the last quarter. Ronald Blue Trust Inc. lifted its position in PENN Entertainment by 344.7% in the third quarter. Ronald Blue Trust Inc. now owns 4,478 shares of the company’s stock valued at $108,000 after buying an additional 3,471 shares during the last quarter. Hanlon Investment Management Inc. raised its stake in shares of PENN Entertainment by 2.1% in the 3rd quarter. Hanlon Investment Management Inc. now owns 48,882 shares of the company’s stock valued at $1,122,000 after acquiring an additional 1,000 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of PENN Entertainment during the 3rd quarter worth approximately $581,000. Hedge funds and other institutional investors 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.