In yesterday’s Wall Street session, PENN Entertainment Inc (NASDAQ:PENN) shares traded at $22.72, up 1.70% from the previous session.
20 analysts cover PENN Entertainment Inc (NASDAQ:PENN), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $24.00, we find $30.00. Given the previous closing price of $22.34, this indicates a potential upside of 34.29 percent. PENN stock price is now 4.32% away from the 50-day moving average and -13.41% away from the 200-day moving average. The market capitalization of the company currently stands at $3.45B.
The stock has received a hold rating from 12 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $29.59 as their price target over the next twelve months.
With the price target of $25, CapitalOne recently initiated with Equal Weight rating for PENN Entertainment Inc (NASDAQ: PENN).
In other news, Hendrix Felicia, EVP and CFO bought 11,162 shares of the company’s stock on Sep 06. The stock was bought for $250,140 at an average price of $22.41. Upon completion of the transaction, the EVP and CFO now directly owns 27,975 shares in the company, valued at $0.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, Director HANDLER DAVID A bought 19,562 shares of the business’s stock. A total of $443,079 was incurred on buying the stock at an average price of $22.65. This leaves the insider owning 207,072 shares of the company worth $4.7 million. Insiders disposed of 277,427 shares of company stock worth roughly $6.3 million over the past 1 year. A total of 1.64% of the company’s stock is owned by insiders.
During the past 12 months, PENN Entertainment Inc has had a low of $18.35 and a high of $39.35. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.41, and a quick ratio of 1.39. The fifty day moving average price for PENN is $21.77 and a two-hundred day moving average price translates $26.19 for the stock.
The latest earnings results from PENN Entertainment Inc (NASDAQ: PENN) was released for Sep, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.42 by 0.06. This compares to $0.71 EPS in the same period last year. The net profit margin was -1.72% and return on equity was 18.48% for PENN. The company reported revenue of $1.62 billion for the quarter, compared to $1.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.34 percent. For the current quarter, analysts expect PENN to generate $1.61B in revenue.
