PENN Entertainment, Inc. (NASDAQ:PENN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of PENN Entertainment, Inc. (NASDAQ:PENN) have been assigned an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $23.69.

A number of research analysts have weighed in on PENN shares. Wells Fargo & Company increased their price target on PENN Entertainment from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, March 3rd. Jefferies Financial Group upped their price objective on PENN Entertainment from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. Benchmark reiterated a “hold” rating on shares of PENN Entertainment in a report on Monday, March 3rd. Stifel Nicolaus increased their price target on PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a report on Tuesday, February 11th. Finally, StockNews.com upgraded PENN Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd.

PENN Entertainment Trading Up 5.3 %

Shares of PENN Entertainment stock opened at $17.09 on Wednesday. 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 1 year low of $13.50 and a 1 year high of $23.08. The company has a market capitalization of $2.61 billion, a P/E ratio of -4.81, a P/E/G ratio of 1.55 and a beta of 2.19. The business has a 50 day moving average price of $20.15 and a 200 day moving average price of $19.70.

Hedge Funds Weigh In On PENN Entertainment

Several large investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its holdings in PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after acquiring an additional 1,052 shares during the last quarter. Quest Partners LLC bought a new position in PENN Entertainment in the third quarter worth about $56,000. Modus Advisors LLC bought a new position in PENN Entertainment in the fourth quarter worth about $63,000. Lee Danner & Bass Inc. bought a new stake in shares of PENN Entertainment during the fourth quarter valued at approximately $92,000. Finally, KBC Group NV raised its holdings in shares of PENN Entertainment by 36.5% during the fourth quarter. KBC Group NV now owns 5,501 shares of the company’s stock valued at $109,000 after buying an additional 1,470 shares during the last quarter. Institutional investors own 91.69% of the company’s stock.

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.