PENN Entertainment (NASDAQ:PENN) Price Target Lowered to $25.00 at Needham & Company LLC

PENN Entertainment (NASDAQ:PENN - Get Free Report) had its price target lowered by equities research analysts at Needham & Company LLC from $26.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's target price suggests a potential upside of 26.58% from the company's current price.

Other research analysts have also recently issued research reports about the company. Bank of America began coverage on PENN Entertainment in a research note on Wednesday, November 13th. They set a "neutral" rating and a $22.00 target price on the stock. Susquehanna cut their price objective on PENN Entertainment from $26.00 to $25.00 and set a "positive" rating on the stock in a research report on Monday, November 4th. Macquarie lifted their target price on PENN Entertainment from $26.00 to $27.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Jefferies Financial Group boosted their target price on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. Finally, StockNews.com downgraded shares of PENN Entertainment from a "hold" rating to a "sell" rating in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $23.69.

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PENN Entertainment Trading Down 4.9 %

NASDAQ PENN traded down $1.01 on Friday, hitting $19.75. 5,204,711 shares of the stock were exchanged, compared to its average volume of 4,527,616. PENN Entertainment has a 52-week low of $13.50 and a 52-week high of $23.08. The firm has a market capitalization of $3.01 billion, a P/E ratio of -5.56, a P/E/G ratio of 1.55 and a beta of 2.09. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average price of $20.34 and a two-hundred day moving average price of $19.80.

Institutional Trading of PENN Entertainment

Hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of PENN Entertainment by 33.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,587 shares of the company's stock worth $5,244,000 after acquiring an additional 65,596 shares in the last quarter. Tidal Investments LLC grew its holdings in PENN Entertainment by 11.7% in the fourth quarter. Tidal Investments LLC now owns 16,626 shares of the company's stock worth $330,000 after purchasing an additional 1,738 shares during the last quarter. Sender Co & Partners Inc. increased its position in shares of PENN Entertainment by 99.5% during the fourth quarter. Sender Co & Partners Inc. now owns 34,011 shares of the company's stock worth $674,000 after purchasing an additional 16,967 shares in the last quarter. Shay Capital LLC purchased a new stake in shares of PENN Entertainment during the 4th quarter valued at $1,067,000. Finally, Man Group plc boosted its position in shares of PENN Entertainment by 25.0% in the 4th quarter. Man Group plc now owns 1,398,998 shares of the company's stock worth $27,728,000 after purchasing an additional 279,726 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.