PENN Entertainment (NASDAQ:PENN) Given “Outperform” Rating at Macquarie

PENN Entertainment (NASDAQ:PENN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Macquarie in a research note issued to investors on Friday,Benzinga reports. They presently have a $26.00 price target on the stock. Macquarie’s price target indicates a potential upside of 27.99% from the stock’s previous close.

PENN has been the subject of several other research reports. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $27.00 in a report on Friday, December 13th. Jefferies Financial Group upped their target price on PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Benchmark reiterated a “hold” rating on shares of PENN Entertainment in a research report on Friday, November 8th. Bank of America began coverage on PENN Entertainment in a report on Wednesday, November 13th. They set a “neutral” rating and a $22.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on PENN Entertainment from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.38.

PENN Entertainment Trading Down 0.4 %

Shares of NASDAQ:PENN traded down $0.08 during trading on Friday, hitting $20.31. The company had a trading volume of 357,555 shares, compared to its average volume of 4,679,500. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -5.68, a price-to-earnings-growth ratio of 1.55 and a beta of 2.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The company has a fifty day simple moving average of $20.23 and a two-hundred day simple moving average of $19.76. PENN Entertainment has a one year low of $13.50 and a one year high of $23.08.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its holdings in shares of PENN Entertainment by 201.5% during the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock valued at $31,000 after purchasing an additional 1,052 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in PENN Entertainment in the 3rd quarter worth about $45,000. Quest Partners LLC purchased a new position in PENN Entertainment during the third quarter worth approximately $56,000. International Assets Investment Management LLC grew its holdings in PENN Entertainment by 1,634.8% in the third quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock valued at $61,000 after purchasing an additional 3,057 shares during the period. Finally, Modus Advisors LLC purchased a new stake in shares of PENN Entertainment in the fourth quarter valued at approximately $63,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

About PENN Entertainment

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.