PENN Entertainment Inc. (NASDAQ:PENN) shares traded -2.00% lower at $33.29 on Wall Street last session.
In accordance with the data, 19 analysts cover PENN Entertainment Inc. (NASDAQ:PENN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $32.00, we find $45.50. Given the previous closing price of $33.97, this indicates a potential upside of 33.94 percent. PENN stock price is now 3.11% away from the 50-day moving average and -3.82% away from the 200-day moving average. The market capitalization of the company currently stands at $5.26B.
It has been rated a hold by 6 analysts and a buy by 12. Brokers who have rated the stock have averaged $46.94 as their price target over the next twelve months.
With the price target enhanced from $38 to $39, JP Morgan Downgraded its rating from Overweight to Neutral for PENN Entertainment Inc. (NASDAQ: PENN). On November 21, 2022, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $36, while ‘Canaccord Genuity’ rates the stock as ‘Buy’.
In other news, Reibstein Saul, Director sold 5,086 shares of the company’s stock on Aug 15. The stock was sold for $193,421 at an average price of $38.03. Upon completion of the transaction, the Director now directly owns 34,663 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Director SCACCETTI JANE bought 1,975 shares of the business’s stock. A total of $98,167 was incurred on buying the stock at an average price of $49.70. This leaves the insider owning 50,569 shares of the company worth $1.68 million. Insiders disposed of 161,829 shares of company stock worth roughly $5.39 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PENN stock. A new stake in PENN Entertainment Inc. shares was purchased by SQUAREPOINT OPS LLC during the first quarter worth $13,741,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $10,798,000 in shares of PENN during the first quarter. In the first quarter, CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in PENN Entertainment Inc. valued at approximately $8,463,000. CAMPBELL CAPITAL MANAGEMENT INC acquired a new stake in PENN for approximately $4,084,000. DUALITY ADVISERS, LP purchased a new stake in PENN valued at around $3,415,000 in the second quarter. In total, there are 642 active investors with 85.70% ownership of the company’s stock.
PENN Entertainment Inc. (NASDAQ: PENN) opened at $33.68 on Wednesday. During the past 12 months, PENN Entertainment Inc. has had a low of $25.49 and a high of $53.37. As of last week, the company has a debt-to-equity ratio of 2.20, a current ratio of 1.80, and a quick ratio of 1.80. The fifty day moving average price for PENN is $32.42 and a two-hundred day moving average price translates $34.55 for the stock.
The latest earnings results from PENN Entertainment Inc. (NASDAQ: PENN) was released for Jun, 2022. According to the Resorts & Casinos Company, earnings per share came in at $0.15, missing analysts’ expectations of $0.54 by -0.39. This compares to $0.50 EPS in the same period last year. The net profit margin was 3.80% and return on equity was 6.40% for PENN. The company reported revenue of $1.62 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.49 percent. For the current quarter, analysts expect PENN to generate $1.59B in revenue.
PENN Entertainment Inc.(PENN) Company Profile
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L’Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.