Stifel Nicolaus Has Lowered Expectations for PENN Entertainment (NASDAQ:PENN) Stock Price

PENN Entertainment (NASDAQ:PENN) had its price target decreased by stock analysts at Stifel Nicolaus from $22.00 to $19.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 9.20% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Mizuho increased their price target on shares of PENN Entertainment from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Macquarie reiterated an “outperform” rating and set a $26.00 price target on shares of PENN Entertainment in a report on Friday, February 28th. Wells Fargo & Company increased their price target on shares of PENN Entertainment from $20.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd. Finally, StockNews.com upgraded shares of PENN Entertainment from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.56.

PENN Entertainment Price Performance

Shares of PENN opened at $17.40 on Tuesday. The stock has a market cap of $2.66 billion, a PE ratio of -4.90, a price-to-earnings-growth ratio of 1.55 and a beta of 2.19. 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’s 50-day simple moving average is $20.04 and its two-hundred day simple moving average is $19.66.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PENN. IFP Advisors Inc lifted its holdings in shares of PENN Entertainment by 201.5% in the 4th quarter. IFP Advisors Inc now owns 1,574 shares of the company’s stock worth $31,000 after acquiring an additional 1,052 shares during the last quarter. Quest Partners LLC bought a new stake in PENN Entertainment during the 3rd quarter valued at about $56,000. Modus Advisors LLC bought a new stake in PENN Entertainment during the 4th quarter valued at about $63,000. Lee Danner & Bass Inc. bought a new stake in PENN Entertainment during the 4th quarter valued at about $92,000. Finally, KBC Group NV lifted its holdings in PENN Entertainment by 36.5% during the 4th quarter. KBC Group NV now owns 5,501 shares of the company’s stock valued at $109,000 after buying an additional 1,470 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors.

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.