Before Investing In PENN Entertainment Inc (NASDAQ:PENN), Here Are Some Things To Consider

The stock of PENN Entertainment Inc (NASDAQ:PENN) last traded at $23.69, up 4.78% from the previous session.

Data from the available sources indicates that PENN Entertainment Inc (NASDAQ:PENN) is covered by 20 analysts. 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 $22.61, this indicates a potential upside of 32.68 percent. PENN stock price is now 9.10% away from the 50-day moving average and -8.83% away from the 200-day moving average. The market capitalization of the company currently stands at $3.60B.

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In total, 12 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $29.47 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, SCACCETTI JANE, Director bought 4,400 shares of the company’s stock on Nov 06. The stock was bought for $100,452 at an average price of $22.83. Upon completion of the transaction, the Director now directly owns 63,414 shares in the company, valued at $1.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, EVP and CFO Hendrix Felicia bought 11,162 shares of the business’s stock. A total of $250,140 was incurred on buying the stock at an average price of $22.41. This leaves the insider owning 27,975 shares of the company worth $0.66 million. Insiders disposed of 294,549 shares of company stock worth roughly $6.98 million over the past 1 year. A total of 1.64% of the company’s stock is owned by insiders.

With an opening price of $22.62 on Friday morning, PENN Entertainment Inc (NASDAQ: PENN) set off the trading day. 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 3.30, a current ratio of 1.42, and a quick ratio of 1.41. The fifty day moving average price for PENN is $21.71 and a two-hundred day moving average price translates $25.93 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 -3.13% 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.

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