PENN Entertainment’s (PENN) “Hold” Rating Reiterated at Benchmark

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

A number of other research firms have also issued reports on PENN. Macquarie reaffirmed an “outperform” rating and issued a $26.00 target price on shares of PENN Entertainment in a report on Friday, February 28th. Stifel Nicolaus raised their target price on PENN Entertainment from $20.00 to $21.00 and gave the company a “hold” rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their target price on PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday. Needham & Company LLC lowered their target price on PENN Entertainment from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Bank of America began coverage on PENN Entertainment in a report on Wednesday, November 13th. They issued a “neutral” rating and a $22.00 target price on the stock. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.69.

PENN Entertainment Stock Performance

Shares of NASDAQ PENN opened at $20.09 on Monday. 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 firm has a market cap of $3.07 billion, a price-to-earnings ratio of -5.66, a P/E/G ratio of 1.55 and a beta of 2.09. The business’s 50-day simple moving average is $20.41 and its 200-day simple moving average is $19.81. PENN Entertainment has a 52 week low of $13.50 and a 52 week high of $23.08.

Hedge Funds Weigh In On PENN Entertainment

Several institutional investors have recently bought and sold shares of PENN. IFP Advisors Inc raised its position in 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 purchasing an additional 1,052 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in PENN Entertainment in the 3rd quarter valued at $45,000. Quest Partners LLC bought a new position in PENN Entertainment in the 3rd quarter valued at $56,000. International Assets Investment Management LLC raised its position in PENN Entertainment by 1,634.8% in the 3rd quarter. International Assets Investment Management LLC now owns 3,244 shares of the company’s stock valued at $61,000 after purchasing an additional 3,057 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in PENN Entertainment in the 4th quarter valued at $63,000. 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.