Craig Hallum Lowers PENN Entertainment (NASDAQ:PENN) Price Target to $20.00

PENN Entertainment (NASDAQ:PENN) had its price objective cut by Craig Hallum from $25.00 to $20.00 in a report released on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently commented on PENN. Benchmark initiated coverage on shares of PENN Entertainment in a research note on Tuesday, April 16th. They issued a hold rating for the company. Truist Financial upgraded shares of PENN Entertainment from a hold rating to a buy rating and set a $23.00 target price for the company in a report on Tuesday, April 23rd. Macquarie reduced their target price on shares of PENN Entertainment from $35.00 to $33.00 and set an outperform rating for the company in a report on Friday, February 16th. Barclays reduced their target price on shares of PENN Entertainment from $26.00 to $22.00 and set an overweight rating for the company in a report on Friday. Finally, StockNews.com downgraded shares of PENN Entertainment from a hold rating to a sell rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $26.93.

PENN Entertainment Trading Up 0.8 %

Shares of NASDAQ PENN traded up $0.12 during mid-day trading on Friday, reaching $15.13. The company had a trading volume of 8,572,736 shares, compared to its average volume of 6,675,829. The business’s 50-day moving average is $17.44 and its 200-day moving average is $21.16. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.60. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -2.03 and a beta of 2.06. PENN Entertainment has a 52 week low of $13.50 and a 52 week high of $29.38.

PENN Entertainment (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($1.18). PENN Entertainment had a negative return on equity of 3.39% and a negative net margin of 17.77%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.54 billion. Equities analysts expect that PENN Entertainment will post -0.9 earnings per share for the current year.

Institutional Investors Weigh In On PENN Entertainment

Several hedge funds have recently bought and sold shares of the stock. Tyler Stone Wealth Management lifted its position in shares of PENN Entertainment by 34.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 1,971 shares of the company’s stock valued at $45,000 after buying an additional 500 shares in the last quarter. Jump Financial LLC lifted its position in shares of PENN Entertainment by 1.4% during the 3rd quarter. Jump Financial LLC now owns 36,289 shares of the company’s stock valued at $833,000 after buying an additional 510 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of PENN Entertainment by 3.7% during the 3rd quarter. Westside Investment Management Inc. now owns 14,852 shares of the company’s stock valued at $341,000 after buying an additional 525 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of PENN Entertainment by 57.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,521 shares of the company’s stock valued at $40,000 after buying an additional 553 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in PENN Entertainment by 7.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 9,674 shares of the company’s stock valued at $252,000 after purchasing an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

PENN Entertainment Company Profile

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.