Pinnacle Entertainment Inc (NASDAQ:PNK) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.17.

PNK has been the subject of several research reports. ValuEngine cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub raised Pinnacle Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Bank of America increased their price objective on Pinnacle Entertainment from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, Barclays increased their price objective on Pinnacle Entertainment from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th.

Pinnacle Entertainment (NASDAQ PNK) traded down $0.11 on Tuesday, hitting $32.84. The stock had a trading volume of 338,500 shares, compared to its average volume of 606,367. Pinnacle Entertainment has a 12 month low of $13.61 and a 12 month high of $33.59. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of -11.36. The company has a market capitalization of $1,890.00 and a PE ratio of 65.68.

Pinnacle Entertainment (NASDAQ:PNK) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Pinnacle Entertainment had a negative return on equity of 13.12% and a net margin of 1.23%. The company had revenue of $647.40 million during the quarter, compared to analysts’ expectations of $652.13 million. During the same period in the prior year, the business earned ($0.01) earnings per share. Pinnacle Entertainment’s revenue for the quarter was up 8.8% compared to the same quarter last year. equities research analysts anticipate that Pinnacle Entertainment will post 0.81 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of PNK. SG Americas Securities LLC bought a new position in Pinnacle Entertainment in the third quarter worth $150,000. Meeder Asset Management Inc. lifted its position in Pinnacle Entertainment by 35.5% in the third quarter. Meeder Asset Management Inc. now owns 8,266 shares of the company’s stock worth $176,000 after purchasing an additional 2,166 shares during the period. Pacad Investment Ltd. lifted its position in Pinnacle Entertainment by 212.3% in the second quarter. Pacad Investment Ltd. now owns 9,680 shares of the company’s stock worth $191,000 after purchasing an additional 6,580 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Pinnacle Entertainment in the third quarter worth $202,000. Finally, Macquarie Group Ltd. bought a new position in Pinnacle Entertainment in the third quarter worth $271,000. 82.19% of the stock is owned by hedge funds and other institutional investors.

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Pinnacle Entertainment Company Profile

Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.

Analyst Recommendations for Pinnacle Entertainment (NASDAQ:PNK)

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