Felicia Hendrix Purchases 16,157 Shares of PENN Entertainment, Inc. (NASDAQ:PENN) Stock

PENN Entertainment, Inc. (NASDAQ:PENN) CFO Felicia Hendrix purchased 16,157 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average cost of $15.47 per share, for a total transaction of $249,948.79. Following the completion of the transaction, the chief financial officer now directly owns 68,596 shares of the company’s stock, valued at $1,061,180.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PENN Entertainment Stock Performance

NASDAQ PENN opened at $16.24 on Friday. The company’s 50 day moving average is $17.29 and its 200-day moving average is $21.03. PENN Entertainment, Inc. has a 12-month low of $13.50 and a 12-month 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 firm has a market cap of $2.48 billion, a P/E ratio of -2.18 and a beta of 2.06.

PENN Entertainment (NASDAQ:PENN) last posted its quarterly earnings results 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 net margin of 17.77% and a negative return on equity of 3.53%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.54 billion. Sell-side analysts predict that PENN Entertainment, Inc. will post -0.9 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PENN. StockNews.com lowered shares of PENN Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Mizuho raised their price target on shares of PENN Entertainment from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Needham & Company LLC reissued a “buy” rating and set a $32.00 price target on shares of PENN Entertainment in a research report on Thursday, May 2nd. Craig Hallum lowered their price objective on shares of PENN Entertainment from $25.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of PENN Entertainment in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.92.

Institutional Trading of PENN Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its stake in PENN Entertainment by 8.0% during the third quarter. Commonwealth Equity Services LLC now owns 57,884 shares of the company’s stock valued at $1,328,000 after acquiring an additional 4,270 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in PENN Entertainment by 11.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 29,804 shares of the company’s stock valued at $684,000 after acquiring an additional 3,041 shares in the last quarter. Raymond James & Associates grew its stake in PENN Entertainment by 15.7% during the third quarter. Raymond James & Associates now owns 73,007 shares of the company’s stock valued at $1,676,000 after acquiring an additional 9,886 shares in the last quarter. New York State Teachers Retirement System grew its stake in PENN Entertainment by 11.6% during the third quarter. New York State Teachers Retirement System now owns 220,786 shares of the company’s stock valued at $5,067,000 after acquiring an additional 22,953 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in PENN Entertainment by 14.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,011 shares of the company’s stock valued at $528,000 after acquiring an additional 2,941 shares in 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.