PENN Entertainment, Inc. (NASDAQ:PENN) Given Consensus Rating of “Hold” by Analysts

Shares of PENN Entertainment, Inc. (NASDAQ:PENN) have earned a consensus rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.6667.

Several research analysts have issued reports on PENN shares. Benchmark upgraded shares of PENN Entertainment from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, March 5th. Mizuho increased their price objective on PENN Entertainment from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, March 12th. Jefferies Financial Group reissued a “hold” rating and set a $17.00 price objective on shares of PENN Entertainment in a research note on Wednesday, December 24th. Canaccord Genuity Group decreased their target price on PENN Entertainment from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Finally, Susquehanna reduced their target price on PENN Entertainment from $20.00 to $17.00 and set a “positive” rating for the company in a report on Wednesday, February 11th.

Institutional Trading of PENN Entertainment

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of PENN Entertainment by 22.4% in the third quarter. GAMMA Investing LLC now owns 3,042 shares of the company’s stock worth $59,000 after buying an additional 556 shares during the period. Treasurer of the State of North Carolina raised its holdings in shares of PENN Entertainment by 1.1% during the second quarter. Treasurer of the State of North Carolina now owns 69,676 shares of the company’s stock valued at $1,245,000 after acquiring an additional 745 shares during the period. Jones Financial Companies Lllp lifted its position in shares of PENN Entertainment by 33.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,273 shares of the company’s stock valued at $65,000 after acquiring an additional 825 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of PENN Entertainment by 3.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,730 shares of the company’s stock valued at $394,000 after acquiring an additional 922 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in PENN Entertainment by 10.1% in the 3rd quarter. Blue Trust Inc. now owns 10,168 shares of the company’s stock worth $196,000 after purchasing an additional 929 shares during the period. 91.69% of the stock is owned by hedge funds and other institutional investors.

PENN Entertainment Price Performance

Shares of NASDAQ PENN opened at $13.67 on Friday. PENN Entertainment has a twelve month low of $11.65 and a twelve month high of $20.60. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 3.92. The firm has a 50-day moving average of $13.72 and a two-hundred day moving average of $15.44. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -2.27, a PEG ratio of 0.44 and a beta of 1.33.

PENN Entertainment (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.30. PENN Entertainment had a negative net margin of 12.11% and a negative return on equity of 1.94%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the company posted ($0.44) EPS. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect that PENN Entertainment will post -1.61 earnings per share for the current fiscal year.

PENN Entertainment Company Profile

PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.