Pinnacle Entertainment (NASDAQ:PNK)‘s stock had its “average” rating restated by research analysts at SunTrust Banks in a research note issued on Monday. They presently have a $35.00 target price on the stock. SunTrust Banks’ price objective points to a potential upside of 9.92% from the company’s current price. SunTrust Banks also issued estimates for Pinnacle Entertainment’s Q4 2018 earnings at $0.12 EPS.

PNK has been the topic of a number of other reports. Deutsche Bank lifted their price target on shares of Pinnacle Entertainment from $20.00 to $27.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. ValuEngine downgraded shares of Pinnacle Entertainment from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Telsey Advisory Group lifted their price target on shares of Pinnacle Entertainment from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Barclays lifted their price target on shares of Pinnacle Entertainment from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. Finally, Bank of America lifted their price target on shares of Pinnacle Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.14.

Shares of Pinnacle Entertainment (NASDAQ PNK) opened at $31.84 on Monday. 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 stock has a market cap of $2,070.47, a price-to-earnings ratio of 63.68 and a beta of 1.44. Pinnacle Entertainment has a fifty-two week low of $15.86 and a fifty-two week high of $33.59.

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

Several institutional investors have recently bought and sold shares of the company. Bamco Inc. NY increased its holdings in shares of Pinnacle Entertainment by 5.6% in the 3rd quarter. Bamco Inc. NY now owns 5,203,966 shares of the company’s stock worth $110,897,000 after buying an additional 275,100 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Pinnacle Entertainment by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,501,854 shares of the company’s stock worth $88,957,000 after buying an additional 204,044 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Pinnacle Entertainment by 12.5% in the 3rd quarter. Jennison Associates LLC now owns 3,537,786 shares of the company’s stock worth $75,390,000 after buying an additional 393,813 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Pinnacle Entertainment by 56.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,851 shares of the company’s stock worth $49,608,000 after buying an additional 843,646 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Pinnacle Entertainment by 12.2% in the 2nd quarter. State Street Corp now owns 1,217,256 shares of the company’s stock worth $24,053,000 after buying an additional 132,136 shares during the last quarter. Hedge funds and other institutional investors own 84.14% of the company’s stock.

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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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