PENN Entertainment (NASDAQ:PENN) Price Target Cut to $19.00 by Analysts at Stifel Nicolaus

PENN Entertainment (NASDAQ:PENN) had its price objective cut by Stifel Nicolaus from $22.00 to $19.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other analysts also recently weighed in on PENN. Needham & Company LLC reduced their target price on PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 28th. StockNews.com raised PENN Entertainment from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Mizuho boosted their target price on PENN Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Benchmark reaffirmed a “hold” rating on shares of PENN Entertainment in a research note on Monday, March 3rd. Finally, Jefferies Financial Group upped their price objective on PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.56.

PENN Entertainment Stock Down 1.4 %

PENN Entertainment stock opened at $17.16 on Tuesday. PENN Entertainment has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $2.62 billion, a P/E ratio of -4.83, a PEG ratio of 1.55 and a beta of 2.19. The stock has a 50-day simple moving average of $20.01 and a 200-day simple moving average of $19.64.

Institutional Investors Weigh In On PENN Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the company. Natixis Advisors LLC grew its holdings in PENN Entertainment by 25.3% during the 3rd quarter. Natixis Advisors LLC now owns 303,655 shares of the company’s stock valued at $5,727,000 after buying an additional 61,285 shares during the last quarter. Quest Partners LLC acquired a new stake in PENN Entertainment during the 3rd quarter valued at $56,000. Pathstone Holdings LLC grew its holdings in PENN Entertainment by 10.2% during the 3rd quarter. Pathstone Holdings LLC now owns 394,244 shares of the company’s stock valued at $7,435,000 after buying an additional 36,347 shares during the last quarter. Jennison Associates LLC grew its holdings in PENN Entertainment by 103.9% during the 3rd quarter. Jennison Associates LLC now owns 768,503 shares of the company’s stock valued at $14,494,000 after buying an additional 391,640 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in PENN Entertainment during the 3rd quarter valued at $645,000. 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.