PENN Entertainment (NASDAQ:PENN) Given New $25.00 Price Target at Mizuho

PENN Entertainment (NASDAQ:PENN) had its price target boosted by Mizuho from $24.00 to $25.00 in a report released on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus boosted their price target on PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, February 11th. Needham & Company LLC cut their price target on PENN Entertainment from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. upgraded PENN Entertainment from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $27.00 in a research note on Friday, December 13th. JMP Securities restated a “market perform” rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Finally, Jefferies Financial Group boosted their price target on PENN Entertainment from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Ten investment 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 company currently has an average rating of “Hold” and a consensus target price of $23.69.

PENN Entertainment Trading Down 4.9 %

PENN Entertainment stock opened at $19.75 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. PENN Entertainment has a one year low of $13.50 and a one year high of $23.08. The stock has a market capitalization of $3.01 billion, a PE ratio of -5.56, a price-to-earnings-growth ratio of 1.55 and a beta of 2.09. The business’s fifty day moving average is $20.37 and its 200 day moving average is $19.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in PENN Entertainment by 33.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,587 shares of the company’s stock worth $5,244,000 after purchasing an additional 65,596 shares during the period. Tidal Investments LLC boosted its stake in PENN Entertainment by 11.7% in the 4th quarter. Tidal Investments LLC now owns 16,626 shares of the company’s stock worth $330,000 after purchasing an additional 1,738 shares during the period. Sender Co & Partners Inc. boosted its stake in PENN Entertainment by 99.5% in the 4th quarter. Sender Co & Partners Inc. now owns 34,011 shares of the company’s stock worth $674,000 after purchasing an additional 16,967 shares during the period. Shay Capital LLC bought a new position in PENN Entertainment in the 4th quarter worth approximately $1,067,000. Finally, Man Group plc boosted its stake in PENN Entertainment by 25.0% in the 4th quarter. Man Group plc now owns 1,398,998 shares of the company’s stock worth $27,728,000 after purchasing an additional 279,726 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.