PENN Entertainment's (PENN) "Outperform" Rating Reiterated at Macquarie

Macquarie reaffirmed their outperform rating on shares of PENN Entertainment (NASDAQ:PENN - Free Report) in a research note published on Friday,Benzinga reports. They currently have a $26.00 target price on the stock.

A number of other equities research analysts have also recently commented on PENN. JMP Securities reiterated a "market perform" rating on shares of PENN Entertainment in a research note on Thursday, January 16th. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $19.00 to $27.00 in a report on Friday, December 13th. Stifel Nicolaus lifted their target price on shares of PENN Entertainment from $20.00 to $21.00 and gave the stock a "hold" rating in a research note on Tuesday, February 11th. Benchmark restated a "hold" rating on shares of PENN Entertainment in a research note on Friday, November 8th. Finally, StockNews.com cut shares of PENN Entertainment from a "hold" rating to a "sell" rating in a report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, 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 4.9 %

NASDAQ PENN traded down $1.01 on Friday, hitting $19.75. The stock had a trading volume of 5,205,047 shares, compared to its average volume of 4,527,617. The business's fifty day moving average price is $20.34 and its 200 day moving average price is $19.80. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -5.56, a price-to-earnings-growth ratio of 1.55 and a beta of 2.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. PENN Entertainment has a 52-week low of $13.50 and a 52-week high of $23.08.

Institutional Investors Weigh In On PENN Entertainment

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in shares of 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 purchasing an additional 3,057 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in PENN Entertainment in the third quarter valued at $45,000. Nisa Investment Advisors LLC raised its position in shares of PENN Entertainment by 4.0% in the third quarter. Nisa Investment Advisors LLC now owns 17,410 shares of the company's stock worth $328,000 after acquiring an additional 665 shares during the period. New York State Teachers Retirement System boosted its stake in shares of PENN Entertainment by 0.9% during the 3rd quarter. New York State Teachers Retirement System now owns 186,900 shares of the company's stock worth $3,525,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of PENN Entertainment by 82.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 551,733 shares of the company's stock worth $10,406,000 after acquiring an additional 248,644 shares in the last quarter. Hedge funds and other 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.