Mizuho Increases PENN Entertainment (NASDAQ:PENN) Price Target to $32.00

PENN Entertainment (NASDAQ:PENN - Free Report) had its target price raised by Mizuho from $29.00 to $32.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on PENN. Truist Financial raised PENN Entertainment from a hold rating to a buy rating and set a $23.00 target price for the company in a research report on Tuesday, April 23rd. StockNews.com downgraded PENN Entertainment from a hold rating to a sell rating in a research report on Wednesday, March 6th. Benchmark started coverage on PENN Entertainment in a research report on Tuesday, April 16th. They issued a hold rating for the company. Morgan Stanley lifted their target price on PENN Entertainment from $21.00 to $22.00 and gave the company an equal weight rating in a research report on Tuesday, April 9th. Finally, JMP Securities reissued a market perform rating on shares of PENN Entertainment in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $26.93.

PENN Entertainment Trading Up 0.8 %

PENN traded up $0.12 on Friday, hitting $15.13. The company had a trading volume of 8,571,369 shares, compared to its average volume of 5,921,869. The firm has a market cap of $2.30 billion, a P/E ratio of -4.16 and a beta of 2.06. PENN Entertainment has a 1 year low of $13.50 and a 1 year high of $29.38. The company's fifty day moving average price is $17.44 and its 200 day moving average price is $21.16. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.60.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($1.18). The company had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.54 billion. PENN Entertainment had a negative net margin of 7.70% and a positive return on equity of 1.31%. As a group, equities analysts expect that PENN Entertainment will post -0.9 earnings per share for the current year.

Hedge Funds Weigh In On PENN Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PENN. Norges Bank acquired a new position in PENN Entertainment in the fourth quarter valued at approximately $42,758,000. ING Groep NV purchased a new stake in PENN Entertainment in the fourth quarter valued at approximately $32,556,000. Kettle Hill Capital Management LLC purchased a new stake in PENN Entertainment in the third quarter valued at approximately $19,792,000. Sei Investments Co. lifted its stake in PENN Entertainment by 52.8% in the fourth quarter. Sei Investments Co. now owns 2,098,203 shares of the company's stock valued at $54,595,000 after buying an additional 725,221 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in PENN Entertainment in the fourth quarter valued at approximately $16,341,000. 91.69% of the stock is owned by institutional investors and hedge funds.

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.