Craig Hallum Trims PENN Entertainment (NASDAQ:PENN) Target Price to $20.00

PENN Entertainment (NASDAQ:PENN) had its price objective lowered by Craig Hallum from $25.00 to $20.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Several other research firms have also weighed in on PENN. Stifel Nicolaus reduced their price objective on PENN Entertainment from $27.00 to $23.00 and set a hold rating for the company in a research note on Friday, February 16th. Canaccord Genuity Group reduced their target price on shares of PENN Entertainment from $32.00 to $28.00 and set a buy rating for the company in a research note on Monday, April 29th. Truist Financial upgraded shares of PENN Entertainment from a hold rating to a buy rating and set a $23.00 price target on the stock in a research note on Tuesday, April 23rd. Morgan Stanley raised their target price on PENN Entertainment from $21.00 to $22.00 and gave the company an equal weight rating in a report on Tuesday, April 9th. Finally, Mizuho lifted their price objective on PENN Entertainment from $29.00 to $32.00 and gave the stock a buy rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PENN Entertainment presently has a consensus rating of Hold and a consensus price target of $25.92.

PENN Entertainment Price Performance

Shares of NASDAQ PENN opened at $15.41 on Friday. PENN Entertainment has a 1-year low of $13.50 and a 1-year high of $29.38. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The business’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $21.13.

PENN Entertainment (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($1.18). PENN Entertainment had a negative return on equity of 3.53% and a negative net margin of 17.77%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.54 billion. On average, analysts anticipate that PENN Entertainment will post -0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PENN. Harbor Investment Advisory LLC acquired a new stake in shares of PENN Entertainment during the fourth quarter worth $32,000. Huntington National Bank grew its position in PENN Entertainment by 324.8% in the third quarter. Huntington National Bank now owns 1,402 shares of the company’s stock valued at $32,000 after purchasing an additional 1,072 shares in the last quarter. Lindbrook Capital LLC increased its stake in PENN Entertainment by 57.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,521 shares of the company’s stock valued at $40,000 after buying an additional 553 shares during the last quarter. Neo Ivy Capital Management bought a new stake in PENN Entertainment during the 4th quarter worth about $40,000. Finally, Signaturefd LLC boosted its stake in shares of PENN Entertainment by 60.8% during the 3rd quarter. Signaturefd LLC now owns 1,922 shares of the company’s stock worth $44,000 after buying an additional 727 shares during the last quarter. 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.