PENN Entertainment, Inc. (NASDAQ:PENN) Receives Average Recommendation of "Hold" from Analysts

PENN Entertainment, Inc. (NASDAQ:PENN - Get Free Report) has earned a consensus recommendation of "Hold" from the seventeen analysts that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.77.

Several research firms have recently weighed in on PENN. Truist Financial cut their target price on PENN Entertainment from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. JMP Securities reissued a "market perform" rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Needham & Company LLC dropped their price target on shares of PENN Entertainment from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Mizuho increased their price objective on shares of PENN Entertainment from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Finally, Susquehanna dropped their target price on PENN Entertainment from $26.00 to $23.00 and set a "positive" rating for the company in a research report on Tuesday, April 15th.

PENN Entertainment Trading Down 3.1 %

PENN opened at $15.22 on Thursday. The stock has a 50-day moving average of $16.66 and a 200 day moving average of $18.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. PENN Entertainment has a 12 month low of $13.25 and a 12 month high of $23.08. The firm has a market cap of $2.33 billion, a P/E ratio of -4.29, a P/E/G ratio of 1.55 and a beta of 1.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DME Capital Management LP lifted its position in shares of PENN Entertainment by 2.3% in the 4th quarter. DME Capital Management LP now owns 5,748,440 shares of the company's stock worth $113,934,000 after purchasing an additional 127,670 shares during the period. Invesco Ltd. lifted its holdings in PENN Entertainment by 28.0% during the fourth quarter. Invesco Ltd. now owns 3,882,009 shares of the company's stock worth $76,941,000 after buying an additional 848,066 shares during the period. Geode Capital Management LLC boosted its position in PENN Entertainment by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 2,500,342 shares of the company's stock valued at $49,572,000 after acquiring an additional 152,791 shares in the last quarter. Kettle Hill Capital Management LLC increased its holdings in shares of PENN Entertainment by 43.1% in the 4th quarter. Kettle Hill Capital Management LLC now owns 1,801,787 shares of the company's stock valued at $35,711,000 after acquiring an additional 542,585 shares during the period. Finally, Contrarius Group Holdings Ltd purchased a new stake in shares of PENN Entertainment during the 4th quarter worth $34,994,000. 91.69% of the stock is currently owned by institutional investors.

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.

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