PENN Entertainment (NASDAQ:PENN) Price Target Raised to $21.00

PENN Entertainment (NASDAQ:PENN) had its price objective upped by Stifel Nicolaus from $20.00 to $21.00 in a research report report published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other equities analysts have also recently commented on the stock. StockNews.com cut shares of PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 17th. Macquarie boosted their target price on shares of PENN Entertainment from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial reduced their target price on shares of PENN Entertainment from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Mizuho reduced their target price on shares of PENN Entertainment from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Finally, Barclays reduced their target price on shares of PENN Entertainment from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, PENN Entertainment currently has a consensus rating of “Hold” and an average target price of $23.50.

PENN Entertainment Trading Up 3.1 %

PENN stock opened at $22.44 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The company has a fifty day moving average price of $19.84 and a two-hundred day moving average price of $19.53. PENN Entertainment has a one year low of $13.50 and a one year high of $22.96. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -6.32, a price-to-earnings-growth ratio of 1.53 and a beta of 2.09.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its stake in PENN Entertainment by 201.5% during the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after acquiring an additional 1,052 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in PENN Entertainment during the third quarter worth about $45,000. GAMMA Investing LLC raised its stake in PENN Entertainment by 88.5% during the third quarter. GAMMA Investing LLC now owns 2,716 shares of the company’s stock worth $51,000 after acquiring an additional 1,275 shares in the last quarter. Quest Partners LLC acquired a new position in PENN Entertainment during the third quarter worth about $56,000. Finally, Modus Advisors LLC acquired a new position in PENN Entertainment during the fourth quarter worth about $63,000. Institutional investors and hedge funds own 91.69% of the company’s stock.

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.