PENN Entertainment, Inc. (NASDAQ:PENN - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $13.25 and last traded at $13.80, with a volume of 1793734 shares trading hands. The stock had previously closed at $15.45.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Needham & Company LLC reduced their price target on PENN Entertainment from $26.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus lowered their price objective on shares of PENN Entertainment from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. 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 research report on Monday, March 3rd. Macquarie reiterated an "outperform" rating and set a $26.00 target price on shares of PENN Entertainment in a research report on Friday, February 28th. Finally, Mizuho increased their price objective on shares of PENN Entertainment from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.56.
View Our Latest Research Report on PENN Entertainment
PENN Entertainment Stock Performance
The firm has a market capitalization of $2.49 billion, a PE ratio of -4.59, a P/E/G ratio of 1.55 and a beta of 1.96. 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 business has a 50-day simple moving average of $18.85 and a 200-day simple moving average of $19.37.
Institutional Trading of PENN Entertainment
A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of PENN Entertainment by 2,162.8% during the 1st quarter. GAMMA Investing LLC now owns 42,993 shares of the company's stock worth $701,000 after acquiring an additional 41,093 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in PENN Entertainment by 33.0% during the fourth 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 buying an additional 65,596 shares during the period. Tidal Investments LLC grew its stake in PENN Entertainment by 11.7% in the fourth quarter. Tidal Investments LLC now owns 16,626 shares of the company's stock valued at $330,000 after purchasing an additional 1,738 shares during the last quarter. Sender Co & Partners Inc. lifted its holdings in shares of PENN Entertainment by 99.5% during the 4th quarter. Sender Co & Partners Inc. now owns 34,011 shares of the company's stock valued at $674,000 after purchasing an additional 16,967 shares during the last quarter. Finally, Shay Capital LLC acquired a new stake in PENN Entertainment in the 4th quarter worth approximately $1,067,000. 91.69% of the stock is currently owned by institutional investors.
About PENN Entertainment
(
Get Free Report)
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.
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