In yesterday’s Wall Street session, PENN Entertainment Inc (NASDAQ:PENN) shares traded at $16.46, down -5.02% from the previous session.
PENN stock price is now -0.96% away from the 50-day moving average and -21.11% away from the 200-day moving average. The market capitalization of the company currently stands at $2.51B.
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With the price target of $20, Raymond James recently initiated with Outperform rating for PENN Entertainment Inc (NASDAQ: PENN). On May 13, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $28 to quote $17.50, while ‘Truist’ rates the stock as ‘Buy’
In other news, HANDLER DAVID A, Director bought 40,000 shares of the company’s stock on May 29 ’24. The stock was bought for $597,600 at an average price of $14.94. Upon completion of the transaction, the Director now directly owns 283,450 shares in the company, valued at $4.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Director HANDLER DAVID A bought 20,000 shares of the business’s stock. A total of $316,850 was incurred on buying the stock at an average price of $15.84. This leaves the insider owning 20,000 shares of the company worth $0.33 million. A total of 1.07% of the company’s stock is owned by insiders.
During the past 12 months, PENN Entertainment Inc has had a low of $13.50 and a high of $29.38. As of last week, the company has a debt-to-equity ratio of 3.72, a current ratio of 1.04, and a quick ratio of 1.04. The fifty day moving average price for PENN is $16.6034 and a two-hundred day moving average price translates $20.83195 for the stock.
The latest earnings results from PENN Entertainment Inc (NASDAQ: PENN) was released for 2024-03-31. The net profit margin was -17.78% and return on equity was -30.87% for PENN. The company reported revenue of $1.61 billion for the quarter, compared to $1.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.97 percent.
