Benchmark Reiterates "Hold" Rating for PENN Entertainment (NASDAQ:PENN)

PENN Entertainment (NASDAQ:PENN - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Benchmark in a report issued on Monday,Benzinga reports.

Several other analysts also recently commented on the company. Stifel Nicolaus raised their price objective on PENN Entertainment from $20.00 to $21.00 and gave the stock a "hold" rating in a research note on Tuesday, February 11th. Bank of America initiated coverage on PENN Entertainment in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $22.00 price objective for the company. 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. Wells Fargo & Company upped their price target on shares of PENN Entertainment from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday. Finally, JMP Securities restated a "market perform" rating on shares of PENN Entertainment in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $23.69.

PENN Entertainment Trading Down 4.1 %

NASDAQ:PENN traded down $0.82 during trading hours on Monday, hitting $19.27. The stock had a trading volume of 3,737,564 shares, compared to its average volume of 4,521,894. The business's 50 day moving average is $20.41 and its 200-day moving average is $19.81. The company has a market cap of $2.94 billion, a price-to-earnings ratio of -5.43, a P/E/G ratio of 1.55 and a beta of 2.09. PENN Entertainment has a one year low of $13.50 and a one year high of $23.08. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94.

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Institutional Investors Weigh In On PENN Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in PENN. Janus Henderson Group PLC increased its holdings in PENN Entertainment by 244.7% during the third quarter. Janus Henderson Group PLC now owns 249,106 shares of the company's stock worth $4,697,000 after buying an additional 176,844 shares during the last quarter. Quantbot Technologies LP grew its position in shares of PENN Entertainment by 84.7% in the 3rd quarter. Quantbot Technologies LP now owns 208,094 shares of the company's stock valued at $3,925,000 after acquiring an additional 95,423 shares during the period. Verition Fund Management LLC increased its stake in shares of PENN Entertainment by 367.2% during the 3rd quarter. Verition Fund Management LLC now owns 452,988 shares of the company's stock worth $8,543,000 after purchasing an additional 356,029 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of PENN Entertainment by 8.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company's stock valued at $11,851,000 after purchasing an additional 46,209 shares during the period. Finally, Pathstone Holdings LLC lifted its stake in PENN Entertainment by 10.2% in the 3rd quarter. Pathstone Holdings LLC now owns 394,244 shares of the company's stock valued at $7,435,000 after purchasing an additional 36,347 shares during the last quarter. 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.