PENN Entertainment’s (PENN) “Hold” Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of PENN Entertainment (NASDAQ:PENN) in a research note released on Monday morning,Benzinga reports.

Several other research firms have also recently issued reports on PENN. Susquehanna decreased their price target on PENN Entertainment from $26.00 to $25.00 and set a “positive” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus increased their price target on PENN Entertainment from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised PENN Entertainment from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $19.00 to $27.00 in a research note on Friday, December 13th. Macquarie reissued an “outperform” rating and issued a $26.00 price target on shares of PENN Entertainment in a research note on Friday, February 28th. Finally, Needham & Company LLC decreased their price target on PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.69.

PENN Entertainment Stock Performance

PENN stock opened at $20.09 on Monday. PENN Entertainment has a 12-month low of $13.50 and a 12-month high of $23.08. 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 stock’s 50 day simple moving average is $20.41 and its 200 day simple moving average is $19.81. The firm has a market cap of $3.07 billion, a P/E ratio of -5.66, a P/E/G ratio of 1.55 and a beta of 2.09.

Institutional Investors Weigh In On PENN Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of PENN Entertainment by 33.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,587 shares of the company’s stock worth $5,244,000 after purchasing an additional 65,596 shares in the last quarter. Tidal Investments LLC raised its stake in shares of PENN Entertainment by 11.7% during the 4th quarter. Tidal Investments LLC now owns 16,626 shares of the company’s stock worth $330,000 after purchasing an additional 1,738 shares in the last quarter. Sender Co & Partners Inc. raised its stake in shares of PENN Entertainment by 99.5% during the 4th quarter. Sender Co & Partners Inc. now owns 34,011 shares of the company’s stock worth $674,000 after purchasing an additional 16,967 shares in the last quarter. Shay Capital LLC acquired a new position in shares of PENN Entertainment during the 4th quarter valued at about $1,067,000. Finally, Man Group plc increased its holdings in shares of PENN Entertainment by 25.0% during the 4th quarter. Man Group plc now owns 1,398,998 shares of the company’s stock valued at $27,728,000 after acquiring an additional 279,726 shares during the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

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.