Research Analysts’ Weekly Ratings Changes for PENN Entertainment (PENN)

Several analysts have recently updated their ratings and price targets for PENN Entertainment (NASDAQ: PENN):

  • 11/12/2022 – PENN Entertainment was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 11/4/2022 – PENN Entertainment had its price target lowered by analysts at Credit Suisse Group AG from $66.00 to $50.00. They now have an “outperform” rating on the stock.
  • 11/4/2022 – PENN Entertainment was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 11/4/2022 – PENN Entertainment had its price target lowered by analysts at CBRE Group, Inc. from $57.00 to $54.00. They now have a “buy” rating on the stock.
  • 10/25/2022 – PENN Entertainment had its price target lowered by analysts at Truist Financial Co. from $48.00 to $40.00. They now have a “buy” rating on the stock.
  • 10/21/2022 – PENN Entertainment had its price target lowered by analysts at Wells Fargo & Company from $38.00 to $33.00. They now have an “equal weight” rating on the stock.
  • 10/12/2022 – PENN Entertainment is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 10/6/2022 – PENN Entertainment is now covered by analysts at Canaccord Genuity Group Inc.. They set a “buy” rating on the stock.
  • 10/6/2022 – PENN Entertainment is now covered by analysts at Canaccord Genuity Group Inc.. They set a “buy” rating and a $50.00 price target on the stock.

PENN Entertainment Trading Up 0.5 %

Shares of PENN stock opened at $37.80 on Wednesday. PENN Entertainment, Inc. has a 12-month low of $25.49 and a 12-month high of $56.81. The company has a market capitalization of $5.86 billion, a P/E ratio of 26.62, a P/E/G ratio of 1.74 and a beta of 2.19. The firm has a 50-day moving average price of $30.87 and a 200 day moving average price of $31.89. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.87.

Institutional Investors Weigh In On PENN Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Financial LLC increased its position in PENN Entertainment by 11.8% in the 3rd quarter. Summit Financial LLC now owns 9,441 shares of the company’s stock valued at $260,000 after acquiring an additional 1,000 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of PENN Entertainment by 6.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 11,578 shares of the company’s stock worth $319,000 after buying an additional 667 shares during the period. Alliancebernstein L.P. grew its position in shares of PENN Entertainment by 18.5% during the 3rd quarter. Alliancebernstein L.P. now owns 247,185 shares of the company’s stock worth $6,800,000 after buying an additional 38,562 shares during the period. Thrivent Financial for Lutherans grew its position in shares of PENN Entertainment by 14.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 261,242 shares of the company’s stock worth $7,187,000 after buying an additional 33,262 shares during the period. Finally, Putnam Investments LLC grew its position in shares of PENN Entertainment by 68.8% during the 3rd quarter. Putnam Investments LLC now owns 282,091 shares of the company’s stock worth $7,761,000 after buying an additional 114,959 shares during the period. Institutional investors and hedge funds own 82.62% of the company’s stock.

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 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet.

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