PENN Entertainment (NASDAQ:PENN) Price Target Lowered to $19.00 at Stifel Nicolaus

PENN Entertainment (NASDAQ:PENN - Get Free Report) had its price target cut by analysts at Stifel Nicolaus from $22.00 to $19.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 9.38% from the company's current price.

PENN has been the topic of a number of other research reports. Jefferies Financial Group boosted their price target 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. Wells Fargo & Company boosted their price objective on PENN Entertainment from $20.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, March 3rd. Mizuho increased their target price on shares of PENN Entertainment from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Benchmark restated a "hold" rating on shares of PENN Entertainment in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. upgraded 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 research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, PENN Entertainment has a consensus rating of "Hold" and an average target price of $23.56.

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PENN Entertainment Price Performance

Shares of PENN traded up $0.21 during midday trading on Tuesday, hitting $17.37. The company's stock had a trading volume of 3,310,380 shares, compared to its average volume of 4,510,776. The company's fifty day simple moving average is $19.98 and its two-hundred day simple moving average is $19.64. PENN Entertainment has a one year low of $13.50 and a one year high of $23.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -4.89, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19.

Institutional Trading of PENN Entertainment

Several institutional investors have recently bought and sold shares of PENN. IFP Advisors Inc lifted its stake in PENN Entertainment by 201.5% in the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company's stock worth $31,000 after purchasing an additional 1,052 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of PENN Entertainment during the third quarter valued at about $56,000. Modus Advisors LLC purchased a new position in shares of PENN Entertainment during the fourth quarter worth $63,000. Lee Danner & Bass Inc. acquired a new stake in shares of PENN Entertainment during the fourth quarter worth about $92,000. Finally, KBC Group NV boosted its position in PENN Entertainment by 36.5% in the 4th quarter. KBC Group NV now owns 5,501 shares of the company's stock valued at $109,000 after buying an additional 1,470 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

About PENN Entertainment

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.