PENN Entertainment’s (PENN) Hold Rating Reaffirmed at Benchmark

Benchmark reissued their hold rating on shares of PENN Entertainment (NASDAQ:PENN) in a research note released on Monday,Benzinga reports.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company lifted their price target on shares of PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $27.00 in a research note on Friday, December 13th. Needham & Company LLC reduced their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday. Susquehanna reduced their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a “positive” rating for the company in a research report on Monday, November 4th. Finally, StockNews.com downgraded shares of PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, PENN Entertainment has an average rating of “Hold” and a consensus price target of $23.63.

PENN Entertainment Stock Performance

NASDAQ:PENN opened at $20.76 on Monday. The company’s 50-day moving average price is $20.34 and its 200-day moving average price is $19.80. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. The company has a market cap of $3.17 billion, a P/E ratio of -5.85, a P/E/G ratio of 1.55 and a beta of 2.09. PENN Entertainment has a twelve month low of $13.50 and a twelve month high of $23.08.

Hedge Funds Weigh In On PENN Entertainment

Large investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of PENN Entertainment by 4.2% during the third quarter. M&T Bank Corp now owns 12,460 shares of the company’s stock valued at $235,000 after purchasing an additional 497 shares in the last quarter. Westside Investment Management Inc. increased its stake in PENN Entertainment by 3.2% in the 4th quarter. Westside Investment Management Inc. now owns 19,849 shares of the company’s stock worth $393,000 after purchasing an additional 620 shares in the last quarter. XTX Topco Ltd increased its stake in PENN Entertainment by 2.8% in the 3rd quarter. XTX Topco Ltd now owns 23,362 shares of the company’s stock worth $441,000 after purchasing an additional 641 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in PENN Entertainment by 4.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,410 shares of the company’s stock worth $328,000 after acquiring an additional 665 shares during the period. Finally, CIBC Asset Management Inc boosted its position in PENN Entertainment by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 14,774 shares of the company’s stock worth $293,000 after acquiring an additional 813 shares during the period. 91.69% of the stock is currently owned by institutional investors.

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.