Wolfe Analysis assumed protection on shares of Penn Nationwide Gaming (NASDAQ:PENN) in a analysis report despatched to traders on Friday morning, Briefing.com Automated Import studies. The brokerage issued a peer carry out score on the inventory.
A number of different equities analysts additionally just lately issued studies on PENN. BidaskClub downgraded Penn Nationwide Gaming from a promote score to a robust promote score in a analysis report on Friday, June seventh. ValuEngine downgraded Penn Nationwide Gaming from a maintain score to a promote score in a analysis report on Wednesday, March 20th. Morgan Stanley upgraded Penn Nationwide Gaming from an equal weight score to an obese score and boosted their value goal for the inventory from $25.00 to $27.00 in a analysis report on Thursday, Might ninth. Lastly, Financial institution of America upgraded Penn Nationwide Gaming from a impartial score to a purchase score in a analysis report on Thursday, Might ninth. Two analysts have rated the inventory with a promote score, two have issued a maintain score and 6 have given a purchase score to the corporate’s inventory. The corporate at present has a consensus score of Maintain and a consensus value goal of $32.60.
NASDAQ:PENN opened at $19.59 on Friday. The corporate has a debt-to-equity ratio of 5.65, a present ratio of 0.78 and a fast ratio of 0.78. The corporate has a market cap of $2.34 billion, a PE ratio of 21.48, a P/E/G ratio of 1.40 and a beta of 1.86. Penn Nationwide Gaming has a 52 week low of $17.30 and a 52 week excessive of $36.90.
Penn Nationwide Gaming (NASDAQ:PENN) final issued its quarterly earnings information on Thursday, Might 2nd. The corporate reported $0.35 earnings per share (EPS) for the quarter, lacking the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The enterprise had income of $1.28 billion for the quarter, in comparison with analyst estimates of $1.29 billion. Penn Nationwide Gaming had a return on fairness of 13.24% and a web margin of two.20%. The enterprise’s quarterly income was up 57.2% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the agency posted $0.48 earnings per share. Equities analysis analysts anticipate that Penn Nationwide Gaming will submit 1.43 EPS for the present yr.
In different information, insider Jay A. Snowden purchased 10,875 shares of the enterprise’s inventory in a transaction on Monday, Might 13th. The inventory was bought at a mean price of $19.51 per share, for a complete transaction of $212,171.25. Following the completion of the transaction, the insider now immediately owns 104,433 shares of the corporate’s inventory, valued at roughly $2,037,487.83. The acquisition was disclosed in a doc filed with the Securities & Change Fee, which might be accessed by this hyperlink. Additionally, CFO William J. Truthful purchased 11,000 shares of the enterprise’s inventory in a transaction on Monday, Might 13th. The inventory was bought at a mean value of $19.54 per share, with a complete worth of $214,940.00. Following the completion of the transaction, the chief monetary officer now immediately owns 46,998 shares of the corporate’s inventory, valued at $918,340.92. The disclosure for this buy might be discovered right here. Insiders personal 10.56% of the corporate’s inventory.
Institutional traders and hedge funds have just lately added to or diminished their stakes within the enterprise. GYL Monetary Synergies LLC acquired a brand new stake in Penn Nationwide Gaming throughout the 1st quarter valued at $529,000. FMR LLC raised its stake in Penn Nationwide Gaming by 7.6% throughout the 1st quarter. FMR LLC now owns 7,772,497 shares of the corporate’s inventory valued at $156,228,000 after buying a further 547,387 shares throughout the interval. Blue Harbour Group L.P. raised its stake in Penn Nationwide Gaming by 37.0% throughout the 1st quarter. Blue Harbour Group L.P. now owns 3,009,075 shares of the corporate’s inventory valued at $60,482,000 after buying a further 812,575 shares throughout the interval. Maverick Capital Ltd. raised its stake in Penn Nationwide Gaming by 153.9% throughout the 1st quarter. Maverick Capital Ltd. now owns 66,240 shares of the corporate’s inventory valued at $1,331,000 after buying a further 40,150 shares throughout the interval. Lastly, Man Group plc raised its stake in Penn Nationwide Gaming by 416.8% throughout the 1st quarter. Man Group plc now owns 687,403 shares of the corporate’s inventory valued at $13,817,000 after buying a further 554,403 shares throughout the interval. Hedge funds and different institutional traders personal 95.22% of the corporate’s inventory.
Penn Nationwide Gaming Firm Profile
Penn Nationwide Gaming, Inc owns and manages gaming and racing services, and operates video gaming terminals with a deal with slot machine leisure. The corporate operates by 4 segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had possession pursuits in 40 services in 18 jurisdictions.
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