PENN Entertainment (NASDAQ:PENN) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of PENN Entertainment (NASDAQ:PENN - Free Report) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

A number of other research analysts have also weighed in on PENN. Needham & Company LLC cut their price target on shares of PENN Entertainment from $26.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company boosted their price objective 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. Stifel Nicolaus increased their target price on PENN Entertainment from $20.00 to $21.00 and gave the stock a "hold" rating in a report on Tuesday, February 11th. Bank of America assumed coverage on PENN Entertainment in a report on Wednesday, November 13th. They issued a "neutral" rating and a $22.00 price target on the stock. Finally, JPMorgan Chase & Co. raised PENN Entertainment from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $19.00 to $27.00 in a research report on Friday, December 13th. Ten equities research 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, the company currently has a consensus rating of "Hold" and an average target price of $23.69.

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PENN Entertainment Stock Down 5.1 %

Shares of NASDAQ PENN traded down $0.99 during mid-day trading on Monday, reaching $18.28. 6,782,670 shares of the company's stock were exchanged, compared to its average volume of 4,529,376. PENN Entertainment has a twelve month low of $13.50 and a twelve month high of $23.08. 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 firm 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. The business has a fifty day simple moving average of $20.42 and a 200 day simple moving average of $19.80.

Institutional Trading of PENN Entertainment

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of PENN Entertainment by 201.5% in 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 during the period. DekaBank Deutsche Girozentrale bought a new stake in PENN Entertainment in the third quarter valued at approximately $45,000. Quest Partners LLC acquired a new stake in shares of PENN Entertainment in the third quarter valued at approximately $56,000. International Assets Investment Management LLC boosted its stake in shares of PENN Entertainment by 1,634.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,244 shares of the company's stock worth $61,000 after acquiring an additional 3,057 shares during the period. Finally, Modus Advisors LLC acquired a new position in shares of PENN Entertainment during the 4th quarter worth approximately $63,000. Institutional investors and hedge funds 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.