PENN Entertainment (NASDAQ:PENN) Price Target Lowered to $19.00 at Stifel Nicolaus

PENN Entertainment (NASDAQ:PENN) had its price objective decreased by Stifel Nicolaus from $22.00 to $19.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities research analysts have also recently issued reports on PENN. JMP Securities reissued a “market perform” rating on shares of PENN Entertainment in a research report on Thursday, January 16th. StockNews.com raised shares of PENN Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Needham & Company LLC reduced their price target on shares of PENN Entertainment from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Benchmark reaffirmed a “hold” rating on shares of PENN Entertainment in a research report on Monday, March 3rd. Finally, Jefferies Financial Group lifted their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.56.

PENN Entertainment Price Performance

PENN opened at $16.53 on Tuesday. The company’s 50 day simple moving average is $20.06 and its 200 day simple moving average is $19.68. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. PENN Entertainment has a 1 year low of $13.50 and a 1 year high of $23.08. The stock has a market capitalization of $2.53 billion, a PE ratio of -4.66, a P/E/G ratio of 1.55 and a beta of 2.19.

Institutional Trading of PENN Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in shares of PENN Entertainment in the fourth quarter worth $596,000. Janus Henderson Group PLC increased its stake in shares of PENN Entertainment by 244.7% in the third quarter. Janus Henderson Group PLC now owns 249,106 shares of the company’s stock worth $4,697,000 after buying an additional 176,844 shares during the last quarter. Quantbot Technologies LP boosted its holdings in PENN Entertainment by 84.7% in the third quarter. Quantbot Technologies LP now owns 208,094 shares of the company’s stock worth $3,925,000 after purchasing an additional 95,423 shares during the period. Verition Fund Management LLC boosted its holdings in PENN Entertainment by 367.2% in the third quarter. Verition Fund Management LLC now owns 452,988 shares of the company’s stock worth $8,543,000 after purchasing an additional 356,029 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in PENN Entertainment by 8.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 597,942 shares of the company’s stock worth $11,851,000 after purchasing an additional 46,209 shares during the period. Institutional investors own 91.69% of the company’s stock.

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.