The price of PENN Entertainment Inc (NASDAQ:PENN) shares last traded on Wall Street rose 1.89% to $17.83.
PENN stock price is now -13.94% away from the 50-day moving average and -22.89% away from the 200-day moving average. The market capitalization of the company currently stands at $2.72B.
With the price target enhanced from $27 to $30, BofA Securities Upgraded its rating from Neutral to Buy for PENN Entertainment Inc (NASDAQ: PENN). On October 12, 2023, CapitalOne recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $25, while ‘Truist’ rates the stock as ‘Hold’
In other news, Rogers Christopher Byron, EVP and Chief Strategy Officer sold 5,017 shares of the company’s stock on Jan 03 ’24. The stock was sold for $126,579 at an average price of $25.23. Upon completion of the transaction, the EVP and Chief Strategy Officer now directly owns 30,214 shares in the company, valued at $0.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 26 ’23, President and CEO Snowden Jay A sold 172,930 shares of the business’s stock. A total of $4,366,482 was realized by selling the stock at an average price of $25.25. This leaves the insider owning 689,072 shares of the company worth $12.29 million. A total of 1.01% of the company’s stock is owned by insiders.
During the past 12 months, PENN Entertainment Inc has had a low of $16.46 and a high of $31.63. As of last week, the company has a debt-to-equity ratio of 3.60, a current ratio of 1.11, and a quick ratio of 1.11. The fifty day moving average price for PENN is $20.57 and a two-hundred day moving average price translates $23.08 for the stock.
The latest earnings results from PENN Entertainment Inc (NASDAQ: PENN) was released for Dec, 2023. According to the Resorts & Casinos Company, earnings per share came in at -$2.37, missing analysts’ expectations of -$0.51 by -1.86. This compares to $0.12 EPS in the same period last year. The net profit margin was -7.73% and return on equity was -14.41% for PENN. The company reported revenue of $1.4 billion for the quarter, compared to $1.59 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.0 percent. For the current quarter, analysts expect PENN to generate $1.66B in revenue.
