Stifel Nicolaus Increases PENN Entertainment (NASDAQ:PENN) Price Target to $21.00

PENN Entertainment (NASDAQ:PENN) had its price objective upped by stock analysts at Stifel Nicolaus from $20.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential downside of 4.15% from the stock’s current price.

Other research analysts have also issued research reports about the company. Wells Fargo & Company upped their price target on PENN Entertainment from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Benchmark restated a “hold” rating on shares of PENN Entertainment in a report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of PENN Entertainment in a report on Thursday, January 16th. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $27.00 in a report on Friday, December 13th. Finally, Macquarie lifted their target price on shares of PENN Entertainment from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. 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 an average rating of “Hold” and a consensus target price of $23.50.

PENN Entertainment Stock Up 2.1 %

Shares of NASDAQ PENN opened at $21.91 on Tuesday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -6.17, a PEG ratio of 1.53 and a beta of 2.09. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. The firm’s fifty day moving average is $19.84 and its 200 day moving average is $19.48. PENN Entertainment has a 52 week low of $13.50 and a 52 week high of $23.81.

Institutional Trading of PENN Entertainment

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in shares of PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after buying an additional 1,052 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in PENN Entertainment in the 3rd quarter worth approximately $45,000. GAMMA Investing LLC lifted its position in PENN Entertainment by 88.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,716 shares of the company’s stock valued at $51,000 after acquiring an additional 1,275 shares in the last quarter. Quest Partners LLC purchased a new stake in PENN Entertainment during the 3rd quarter valued at $56,000. Finally, International Assets Investment Management LLC increased its holdings in shares of PENN Entertainment by 1,634.8% in the 3rd quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock worth $61,000 after purchasing an additional 3,057 shares in 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.