BidaskClub upgraded shares of Penn National Gaming (NASDAQ:PENN) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley lifted their price target on shares of Penn National Gaming from $22.00 to $26.00 and gave the company an equal weight rating in a research report on Tuesday, October 24th. Barclays lifted their price target on shares of Penn National Gaming from $23.00 to $30.00 and gave the company an overweight rating in a research report on Monday, November 20th. Zacks Investment Research cut shares of Penn National Gaming from a buy rating to a hold rating in a research report on Wednesday, November 1st. Telsey Advisory Group cut shares of Penn National Gaming from an outperform rating to a market perform rating and set a $26.00 price target for the company. in a research report on Friday, October 27th. Finally, TheStreet upgraded shares of Penn National Gaming from a c+ rating to a b+ rating in a research report on Monday, November 13th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $24.09.

Shares of Penn National Gaming (NASDAQ:PENN) opened at $29.40 on Friday. Penn National Gaming has a 12-month low of $13.00 and a 12-month high of $30.99. The firm has a market cap of $2,704.63, a PE ratio of 40.12, a price-to-earnings-growth ratio of 7.54 and a beta of 1.04. The company has a debt-to-equity ratio of 18.36, a quick ratio of 0.82 and a current ratio of 0.82.

In other news, CEO Timothy J. Wilmott sold 94,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $23.16, for a total value of $2,181,672.00. Following the completion of the transaction, the chief executive officer now owns 479,119 shares of the company’s stock, valued at $11,096,396.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $2,757,700.00. Following the completion of the transaction, the insider now directly owns 46,281 shares of the company’s stock, valued at approximately $1,160,264.67. The disclosure for this sale can be found here. In the last three months, insiders sold 340,113 shares of company stock valued at $8,195,376. Insiders own 10.17% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PENN. Aperio Group LLC purchased a new position in shares of Penn National Gaming in the second quarter valued at approximately $220,000. Municipal Employees Retirement System of Michigan purchased a new position in Penn National Gaming in the second quarter worth approximately $418,000. Great West Life Assurance Co. Can lifted its stake in Penn National Gaming by 23.2% in the second quarter. Great West Life Assurance Co. Can now owns 140,572 shares of the company’s stock worth $3,006,000 after acquiring an additional 26,470 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Penn National Gaming in the second quarter worth approximately $213,000. Finally, Schwab Charles Investment Management Inc. lifted its stake 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 worth $12,898,000 after acquiring an additional 26,416 shares during the last quarter. 97.61% of the stock is owned by institutional investors and hedge funds.

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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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