Penn National Gaming (NASDAQ:PENN)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a research note issued on Monday. They presently have a $33.00 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 12.24% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Deutsche Bank raised their target price on shares of Penn National Gaming from $29.00 to $32.00 in a report on Monday. BidaskClub raised shares of Penn National Gaming from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barclays raised their target price on shares of Penn National Gaming from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. TheStreet raised shares of Penn National Gaming from a “c+” rating to a “b+” rating in a report on Monday, November 13th. Finally, Zacks Investment Research cut shares of Penn National Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Penn National Gaming currently has a consensus rating of “Buy” and an average price target of $24.09.

Penn National Gaming (NASDAQ PENN) opened at $29.40 on Monday. Penn National Gaming has a fifty-two week low of $13.00 and a fifty-two week high of $30.99. The company has a market cap of $2,704.63, a P/E ratio of 40.12, a PEG ratio of 7.54 and a beta of 1.04. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36.

In other Penn National Gaming news, insider Jay A. Snowden sold 110,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $25.07, for a total value of $2,757,700.00. Following the sale, the insider now owns 46,281 shares in the company, valued at $1,160,264.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Wilmott sold 23,419 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $23.27, for a total transaction of $544,960.13. Following the completion of the sale, the chief executive officer now owns 479,119 shares in the company, valued at approximately $11,149,099.13. The disclosure for this sale can be found here. Insiders sold 340,113 shares of company stock worth $8,195,376 over the last three months. 10.17% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of PENN. Aperio Group LLC acquired a new stake in Penn National Gaming in the second quarter valued at approximately $220,000. Municipal Employees Retirement System of Michigan acquired a new stake in Penn National Gaming in the second quarter valued at approximately $418,000. CIBC Asset Management Inc acquired a new stake in Penn National Gaming in the second quarter valued at approximately $213,000. Schwab Charles Investment Management Inc. boosted its position in Penn National Gaming by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 602,673 shares of the company’s stock valued at $12,898,000 after buying an additional 26,416 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Penn National Gaming by 72.0% in the second quarter. First Trust Advisors LP now owns 132,454 shares of the company’s stock valued at $2,835,000 after buying an additional 55,466 shares in the last quarter. Hedge funds and other institutional investors own 97.61% of the company’s stock.

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Penn National Gaming Company Profile

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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