PENN Entertainment (NASDAQ:PENN) Receives Outperform Rating from Macquarie

Macquarie reiterated their outperform rating on shares of PENN Entertainment (NASDAQ:PENN) in a report published on Friday morning,Benzinga reports. They currently have a $26.00 price target on the stock.

PENN has been the subject of a number of other research reports. JPMorgan Chase & Co. raised shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $27.00 in a research note on Friday, December 13th. JMP Securities reissued a “market perform” rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Bank of America started coverage on PENN Entertainment in a research note on Wednesday, November 13th. They set a “neutral” rating and a $22.00 target price on the stock. Needham & Company LLC decreased 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. Finally, Stifel Nicolaus increased their price target on shares of PENN Entertainment from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PENN Entertainment has a consensus rating of “Hold” and a consensus price target of $23.38.

PENN Entertainment Stock Performance

PENN Entertainment stock opened at $21.51 on Friday. The firm’s 50 day simple moving average is $20.29 and its 200 day simple moving average is $19.78. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $3.28 billion, a PE ratio of -6.06, a price-to-earnings-growth ratio of 1.55 and a beta of 2.09. PENN Entertainment has a 1-year low of $13.50 and a 1-year high of $23.08.

Institutional Investors Weigh In On PENN Entertainment

Large investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock valued at $31,000 after buying an additional 1,052 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in PENN Entertainment in the third quarter valued at approximately $45,000. Quest Partners LLC purchased a new stake in PENN Entertainment in the third quarter valued at approximately $56,000. International Assets Investment Management LLC boosted its position in PENN Entertainment by 1,634.8% in the third quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock valued at $61,000 after buying an additional 3,057 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in PENN Entertainment in the fourth quarter valued at approximately $63,000. Hedge funds and other institutional investors 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.