Penn National Gaming (PENN) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Penn National Gaming (NASDAQ: PENN) recently:

  • 10/2/2019 – Penn National Gaming was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/27/2019 – Penn National Gaming was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/24/2019 – Penn National Gaming was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 9/20/2019 – Penn National Gaming was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/13/2019 – Penn National Gaming was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/21/2019 – Penn National Gaming was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of NASDAQ PENN remained flat at $$18.81 during mid-day trading on Monday. The company had a trading volume of 585,557 shares, compared to its average volume of 1,799,749. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.71 and a current ratio of 0.71. Penn National Gaming, Inc has a 52 week low of $16.72 and a 52 week high of $30.15. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.72. The company has a 50 day moving average price of $19.14 and a 200-day moving average price of $19.63.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.10. Penn National Gaming had a return on equity of 7.61% and a net margin of 1.90%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $0.57 earnings per share. Penn National Gaming’s revenue was up 60.0% on a year-over-year basis. Equities research analysts predict that Penn National Gaming, Inc will post 1.57 EPS for the current fiscal year.

In related news, Director Saul Reibstein purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of $17.30 per share, for a total transaction of $51,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Handler purchased 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $17.68 per share, for a total transaction of $530,400.00. Following the transaction, the director now directly owns 169,870 shares of the company’s stock, valued at approximately $3,003,301.60. The disclosure for this purchase can be found here. 8.53% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bamco Inc. NY boosted its stake in Penn National Gaming by 2.8% in the second quarter. Bamco Inc. NY now owns 8,551,553 shares of the company’s stock valued at $164,703,000 after buying an additional 234,458 shares in the last quarter. FMR LLC boosted its stake in Penn National Gaming by 7.6% in the first quarter. FMR LLC now owns 7,772,497 shares of the company’s stock valued at $156,228,000 after buying an additional 547,387 shares in the last quarter. Invesco Ltd. boosted its stake in Penn National Gaming by 1.1% in the second quarter. Invesco Ltd. now owns 5,441,731 shares of the company’s stock valued at $104,808,000 after buying an additional 58,895 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Penn National Gaming by 7,627.1% in the second quarter. Nuveen Asset Management LLC now owns 5,025,319 shares of the company’s stock valued at $96,787,000 after buying an additional 4,960,284 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Penn National Gaming by 9.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,022,322 shares of the company’s stock valued at $38,950,000 after buying an additional 181,077 shares in the last quarter. Institutional investors own 99.39% of the company’s stock.

Penn National Gaming, Inc owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions.

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