Mizuho Boosts PENN Entertainment (NASDAQ:PENN) Price Target to $25.00

PENN Entertainment (NASDAQ:PENN) had its target price increased by equities research analysts at Mizuho from $24.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 28.04% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Bank of America assumed coverage on shares of PENN Entertainment in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $22.00 price target on the stock. Wells Fargo & Company increased their target price on shares of PENN Entertainment from $20.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday. Macquarie reissued an “outperform” rating and issued a $26.00 price target on shares of PENN Entertainment in a report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of PENN Entertainment in a research note on Thursday, January 16th. Finally, Susquehanna decreased their target price on PENN Entertainment from $26.00 to $25.00 and set a “positive” rating for the company in a research note on Monday, November 4th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.69.

PENN Entertainment Trading Down 5.9 %

NASDAQ:PENN traded down $1.24 during mid-day trading on Tuesday, hitting $19.53. The company had a trading volume of 1,040,448 shares, compared to its average volume of 4,511,869. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. PENN Entertainment has a fifty-two week low of $13.50 and a fifty-two week high of $23.08. The firm has a market cap of $2.98 billion, a P/E ratio of -5.52, a P/E/G ratio of 1.55 and a beta of 2.09. The business’s fifty day moving average is $20.34 and its two-hundred day moving average is $19.80.

Institutional Trading of PENN Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in PENN Entertainment by 33.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 264,587 shares of the company’s stock worth $5,244,000 after purchasing an additional 65,596 shares during the last quarter. Tidal Investments LLC lifted its position in PENN Entertainment by 11.7% during the 4th quarter. Tidal Investments LLC now owns 16,626 shares of the company’s stock worth $330,000 after buying an additional 1,738 shares in the last quarter. Sender Co & Partners Inc. boosted its stake in shares of PENN Entertainment by 99.5% during the 4th quarter. Sender Co & Partners Inc. now owns 34,011 shares of the company’s stock worth $674,000 after buying an additional 16,967 shares during the last quarter. Shay Capital LLC acquired a new stake in shares of PENN Entertainment in the fourth quarter valued at about $1,067,000. Finally, Man Group plc raised its holdings in PENN Entertainment by 25.0% during the fourth quarter. Man Group plc now owns 1,398,998 shares of the company’s stock worth $27,728,000 after acquiring an additional 279,726 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About PENN Entertainment

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.