PENN Entertainment (NASDAQ:PENN) Earns "Hold" Rating from Benchmark

PENN Entertainment (NASDAQ:PENN - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports.

Several other research firms have also recently commented on PENN. Macquarie cut their target price on PENN Entertainment from $35.00 to $33.00 and set an "outperform" rating on the stock in a research note on Friday, February 16th. Mizuho raised their target price on shares of PENN Entertainment from $29.00 to $32.00 and gave the company a "buy" rating in a research report on Friday. Stifel Nicolaus cut their price target on shares of PENN Entertainment from $27.00 to $23.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. Canaccord Genuity Group decreased their price objective on PENN Entertainment from $32.00 to $28.00 and set a "buy" rating for the company in a report on Monday. Finally, StockNews.com lowered PENN Entertainment from a "hold" rating to a "sell" rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $26.93.

PENN Entertainment Stock Up 0.8 %

Shares of PENN Entertainment stock 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. PENN Entertainment has a twelve month low of $13.50 and a twelve month high of $29.38. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day moving average of $17.48 and a 200-day moving average of $21.20. The firm has a market capitalization of $2.30 billion, a P/E ratio of -4.16 and a beta of 2.06.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PENN. Harbor Investment Advisory LLC bought a new stake in shares of PENN Entertainment in the fourth quarter valued at about $32,000. Huntington National Bank boosted its holdings in PENN Entertainment by 324.8% in the 3rd quarter. Huntington National Bank now owns 1,402 shares of the company's stock valued at $32,000 after purchasing an additional 1,072 shares during the period. Lindbrook Capital LLC increased its position in shares of PENN Entertainment by 57.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,521 shares of the company's stock worth $40,000 after purchasing an additional 553 shares during the period. Neo Ivy Capital Management bought a new stake in PENN Entertainment during the fourth quarter worth $40,000. Finally, Signaturefd LLC grew its holdings in shares of PENN Entertainment by 60.8% during the 3rd quarter. Signaturefd LLC now owns 1,922 shares of the company's stock valued at $44,000 after purchasing an additional 727 shares during the last quarter. 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.

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