PENN Entertainment (NASDAQ:PENN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of PENN Entertainment (NASDAQ:PENN) from a sell rating to a hold rating in a report issued on Monday.

A number of other research firms have also weighed in on PENN. Susquehanna decreased their price target on PENN Entertainment from $26.00 to $25.00 and set a “positive” rating for the company in a research report on Monday, November 4th. Bank of America started coverage on shares of PENN Entertainment in a research note on Wednesday, November 13th. They set a “neutral” rating and a $22.00 price objective for the company. Macquarie reissued an “outperform” rating and issued a $26.00 target price on shares of PENN Entertainment in a research report on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of PENN Entertainment from a “neutral” rating to an “overweight” rating and upped their price target for the company from $19.00 to $27.00 in a research report on Friday, December 13th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.69.

PENN Entertainment Price Performance

Shares of NASDAQ:PENN opened at $20.09 on Monday. The company has a market capitalization of $3.07 billion, a PE ratio of -5.66, a price-to-earnings-growth ratio of 1.55 and a beta of 2.09. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $20.41 and a 200-day moving average of $19.81. PENN Entertainment has a one year low of $13.50 and a one year high of $23.08.

Institutional Investors Weigh In On PENN Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PENN. IFP Advisors Inc grew its stake in shares of PENN Entertainment by 201.5% in the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock valued at $31,000 after buying an additional 1,052 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in PENN Entertainment in the third quarter valued at approximately $45,000. Quest Partners LLC bought a new stake in PENN Entertainment in the third quarter worth approximately $56,000. International Assets Investment Management LLC increased its stake in shares of PENN Entertainment by 1,634.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock worth $61,000 after purchasing an additional 3,057 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in shares of PENN Entertainment during the 4th quarter valued at $63,000. 91.69% of the stock is owned by hedge funds and other 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.