PENN Entertainment (NASDAQ:PENN) Price Target Raised to $25.00 at Mizuho

PENN Entertainment (NASDAQ:PENN - Get Free Report) had its target price boosted by equities researchers at Mizuho from $24.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's price objective would suggest a potential upside of 36.76% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. Macquarie reaffirmed an "outperform" rating and set a $26.00 price objective on shares of PENN Entertainment in a research report on Friday, February 28th. Susquehanna reduced their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a "positive" rating for the company in a research note on Monday, November 4th. Jefferies Financial Group increased their target price on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Bank of America began coverage on PENN Entertainment in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $22.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on PENN Entertainment from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday, March 3rd. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.69.

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PENN Entertainment Stock Down 5.1 %

PENN stock traded down $0.99 during mid-day trading on Tuesday, hitting $18.28. The stock had a trading volume of 6,782,670 shares, compared to its average volume of 4,529,287. PENN Entertainment has a 1-year low of $13.50 and a 1-year high of $23.08. The company has a fifty day moving average of $20.41 and a 200 day moving average of $19.79. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -5.15, a PEG ratio of 1.55 and a beta of 2.19.

Institutional Investors Weigh In On PENN Entertainment

Several hedge funds have recently made changes to their positions in PENN. International Assets Investment Management LLC increased its holdings in PENN Entertainment by 1,634.8% in the 3rd quarter. International Assets Investment Management LLC now owns 3,244 shares of the company's stock valued at $61,000 after buying an additional 3,057 shares during the period. DekaBank Deutsche Girozentrale bought a new position in PENN Entertainment during the third quarter worth about $45,000. Nisa Investment Advisors LLC boosted its holdings in PENN Entertainment by 4.0% during the third quarter. Nisa Investment Advisors LLC now owns 17,410 shares of the company's stock valued at $328,000 after purchasing an additional 665 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of PENN Entertainment by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 186,900 shares of the company's stock valued at $3,525,000 after purchasing an additional 1,700 shares during the period. Finally, ASB Consultores LLC raised its holdings in shares of PENN Entertainment by 8.4% in the 3rd quarter. ASB Consultores LLC now owns 14,200 shares of the company's stock worth $268,000 after buying an additional 1,100 shares in 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.