PENN Entertainment, Inc. (NASDAQ:PENN – Get Free Report) rose 7.2% during mid-day trading on Monday. The stock traded as high as $16.93 and last traded at $17.0270. 307,270 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 3,665,011 shares. The stock had previously closed at $15.89.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Piper Sandler upgraded shares of PENN Entertainment from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, October 13th. Susquehanna cut their target price on PENN Entertainment from $30.00 to $26.00 and set a “positive” rating on the stock in a research note on Monday, October 19th. Wells Fargo & Company reduced their target price on PENN Entertainment from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Weiss Ratings restated a “sell (d-)” rating on shares of PENN Entertainment in a research note on Monday, September 21st. Finally, Morgan Stanley lowered their price target on PENN Entertainment from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.61.
PENN Entertainment Stock Up 8.0%
The company’s 50 day moving average price is $16.08 and its two-hundred day moving average price is $16.78. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 3.79. The firm has a market cap of $2.30 billion, a PE ratio of -2.70, a PEG ratio of 0.41 and a beta of 1.40.
PENN Entertainment (NASDAQ:PENN – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.86 billion. PENN Entertainment had a positive return on equity of 2.93% and a negative net margin of 12.66%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.12) earnings per share. On average, equities research analysts expect that PENN Entertainment, Inc. will post 1.20 EPS for the current fiscal year.
Institutional Investors Weigh In On PENN Entertainment
A number of institutional investors have recently added to or reduced their stakes in the stock. Ieq Capital LLC bought a new stake in PENN Entertainment in the second quarter worth about $3,190,000. Bamco Inc. NY bought a new stake in PENN Entertainment during the 2nd quarter valued at about $58,624,000. Wellington Management Group LLP bought a new stake in PENN Entertainment during the 2nd quarter valued at about $8,680,000. The Manufacturers Life Insurance Company bought a new stake in PENN Entertainment during the 2nd quarter valued at about $1,437,000. Finally, Deutsche Bank AG purchased a new stake in PENN Entertainment in the 2nd quarter valued at about $3,911,000. 91.69% of the stock is owned by hedge funds and other institutional investors.
About PENN Entertainment
PENN Entertainment, Inc is a North American provider of integrated entertainment, gaming and sports betting. The company operates casinos, racetracks and video gaming terminals, offering slot machines, table games, poker, sports wagering, hotel accommodations, restaurants, entertainment venues and other amenities.
PENN’s portfolio includes regional gaming properties operating under brands such as Hollywood Casino, Ameristar, L’Auberge and M Resort. Its land-based operations serve customers across numerous U.S.
Featured Stories
- Five stocks we like better than PENN Entertainment
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
- 3 Waste Services Stocks With More Growth Than You Might Expect
- Alphabet’s $400 Billion Sell-Off Could Be the Best AI Buying Window Left in 2026
Receive News & Ratings for PENN Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PENN Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.
