Penn National Gaming (NASDAQ:PENN) had its price target raised by Union Gaming Research to $35.00 in a report issued on Wednesday morning. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on PENN. Zacks Investment Research upgraded Penn National Gaming from a hold rating to a buy rating and set a $27.00 price objective for the company in a report on Saturday, October 7th. Telsey Advisory Group increased their price objective on Penn National Gaming from $23.00 to $26.00 and gave the stock an outperform rating in a report on Thursday, October 12th. Morgan Stanley increased their price objective on Penn National Gaming from $22.00 to $26.00 and gave the stock an equal weight rating in a report on Tuesday, October 24th. TheStreet upgraded Penn National Gaming from a c+ rating to a b+ rating in a report on Monday, November 13th. Finally, Barclays increased their price objective on Penn National Gaming from $23.00 to $30.00 and gave the stock an overweight rating in a report on Monday, November 20th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $25.00.

Shares of Penn National Gaming (PENN) traded up $1.50 during trading on Wednesday, hitting $30.90. The company’s stock had a trading volume of 3,425,900 shares, compared to its average volume of 1,288,296. Penn National Gaming has a 12 month low of $13.00 and a 12 month high of $31.20. The company has a market capitalization of $2,678.21, a P/E ratio of 39.73, a P/E/G ratio of 7.35 and a beta of 1.04. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 18.36.

In related news, CEO Timothy J. Wilmott sold 94,200 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $23.16, for a total transaction of $2,181,672.00. Following the completion of the transaction, the chief executive officer now directly owns 479,119 shares of the company’s stock, valued at $11,096,396.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy J. Wilmott sold 23,419 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $23.27, for a total value of $544,960.13. Following the transaction, the chief executive officer now directly owns 479,119 shares of the company’s stock, valued at $11,149,099.13. The disclosure for this sale can be found here. Insiders have sold 340,113 shares of company stock valued at $8,195,376 over the last three months. Insiders own 10.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of PENN. California Public Employees Retirement System lifted its position in shares of Penn National Gaming by 14.0% in the third quarter. California Public Employees Retirement System now owns 211,180 shares of the company’s stock valued at $4,940,000 after buying an additional 25,980 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Penn National Gaming by 51.9% in the third quarter. Janney Montgomery Scott LLC now owns 16,720 shares of the company’s stock valued at $391,000 after buying an additional 5,714 shares during the last quarter. Bamco Inc. NY lifted its position in shares of Penn National Gaming by 0.6% in the third quarter. Bamco Inc. NY now owns 5,521,824 shares of the company’s stock valued at $129,155,000 after buying an additional 35,400 shares during the last quarter. Earnest Partners LLC acquired a new stake in shares of Penn National Gaming in the third quarter valued at approximately $36,544,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Penn National Gaming in the third quarter valued at approximately $4,965,000. 97.61% of the stock is owned by hedge funds and other institutional investors.

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About Penn National Gaming

Penn National Gaming, Inc (Penn) is an owner and manager of gaming and racing facilities, and video gaming terminal operations with a focus on slot machine entertainment. The Company operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.

Analyst Recommendations for Penn National Gaming (NASDAQ:PENN)

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