Key Points
- CFO Felicia Hendrix bought 7,315 shares on Nov. 21 at an average price of $13.79 for $100,873.85, increasing her stake to 119,448 shares (a 6.52% rise), according to an SEC filing.
- The company reported quarterly EPS of ($0.22) versus an expected ($0.10) and revenue of $1.72B, leaving negative net margin and ROE; the stock trades around $13.71 with a $1.83B market cap and a one‑year range of $13.24–$23.08.
- Analysts are mixed—nine Buys, six Holds and three Sells—producing an average "Hold" rating with a $21.56 price target, and institutional investors own about 91.69% of the shares.
PENN Entertainment, Inc. (NASDAQ:PENN - Get Free Report) CFO Felicia Hendrix acquired 7,315 shares of the stock in a transaction on Friday, November 21st. The stock was bought at an average price of $13.79 per share, for a total transaction of $100,873.85. Following the transaction, the chief financial officer owned 119,448 shares in the company, valued at approximately $1,647,187.92. This represents a 6.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
PENN Entertainment Stock Down 0.7%
PENN stock opened at $13.71 on Tuesday. The firm's fifty day moving average is $17.01 and its 200 day moving average is $17.41. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.79 and a current ratio of 0.79. PENN Entertainment, Inc. has a one year low of $13.24 and a one year high of $23.08. The firm has a market cap of $1.83 billion, a PE ratio of -24.48 and a beta of 1.53.
PENN Entertainment (NASDAQ:PENN - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.12). PENN Entertainment had a negative net margin of 1.12% and a negative return on equity of 4.36%. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the prior year, the firm earned ($0.24) EPS. PENN Entertainment's revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts forecast that PENN Entertainment, Inc. will post -1.61 EPS for the current year.
Institutional Investors Weigh In On PENN Entertainment
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PENN. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PENN Entertainment during the 1st quarter worth $267,000. Avantax Advisory Services Inc. raised its holdings in PENN Entertainment by 30.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 56,660 shares of the company's stock valued at $924,000 after buying an additional 13,061 shares during the period. Cetera Investment Advisers raised its holdings in PENN Entertainment by 9.4% in the 1st quarter. Cetera Investment Advisers now owns 70,894 shares of the company's stock valued at $1,156,000 after buying an additional 6,101 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in PENN Entertainment by 9.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,971 shares of the company's stock valued at $456,000 after buying an additional 2,346 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in PENN Entertainment by 1.6% during the first quarter. Federated Hermes Inc. now owns 578,059 shares of the company's stock worth $9,428,000 after buying an additional 8,920 shares during the period. Institutional investors and hedge funds own 91.69% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on PENN shares. Deutsche Bank Aktiengesellschaft lowered their price objective on PENN Entertainment from $19.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, November 7th. Stifel Nicolaus raised PENN Entertainment from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $19.00 to $21.00 in a research note on Friday, November 7th. Citizens Jmp dropped their target price on PENN Entertainment from $25.00 to $24.00 and set a "market outperform" rating for the company in a report on Friday, November 7th. Needham & Company LLC reiterated a "hold" rating on shares of PENN Entertainment in a report on Friday, November 7th. Finally, Wall Street Zen cut shares of PENN Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $21.56.
View Our Latest Research Report on PENN Entertainment
PENN Entertainment Company Profile
(
Get Free Report)
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.
Further Reading
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