PENN Entertainment, Inc. (NASDAQ:PENN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of PENN Entertainment, Inc. (NASDAQ:PENN) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $23.69.

A number of brokerages have commented on PENN. JMP Securities reissued a “market perform” rating on shares of PENN Entertainment in a research report on Thursday, January 16th. Stifel Nicolaus upped their target price on shares of PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a report on Tuesday, February 11th. StockNews.com upgraded shares of PENN Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Needham & Company LLC decreased their price target on shares of PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company upped their price objective on shares of PENN Entertainment from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, March 3rd.

PENN Entertainment Price Performance

Shares of PENN opened at $16.93 on Wednesday. PENN Entertainment has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. The firm’s 50 day moving average price is $20.31 and its 200 day moving average price is $19.75. The company has a market cap of $2.59 billion, a P/E ratio of -4.77, a PEG ratio of 1.55 and a beta of 2.19. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34.

Institutional Investors Weigh In On PENN Entertainment

Several hedge funds have recently modified their holdings of PENN. IFP Advisors Inc boosted its stake in shares of PENN Entertainment by 201.5% during the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after purchasing an additional 1,052 shares during the last quarter. Quest Partners LLC purchased a new stake in PENN Entertainment during the third quarter worth approximately $56,000. Modus Advisors LLC purchased a new stake in PENN Entertainment during the fourth quarter worth approximately $63,000. Lee Danner & Bass Inc. purchased a new position in shares of PENN Entertainment in the fourth quarter valued at $92,000. Finally, KBC Group NV boosted its stake in shares of PENN Entertainment by 36.5% in the fourth quarter. KBC Group NV now owns 5,501 shares of the company’s stock valued at $109,000 after purchasing an additional 1,470 shares during the period. 91.69% of the stock is owned by institutional investors and hedge funds.

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.