Pinnacle Entertainment Inc (PNK) Earns “Hold” Rating from Stifel Nicolaus
Pinnacle Entertainment Inc (NASDAQ:PNK)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a report released on Friday. They currently have a $23.00 price objective on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 20.48% from the company’s current price.
Several other research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Pinnacle Entertainment from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 16th. Deutsche Bank AG upped their target price on shares of Pinnacle Entertainment from $13.00 to $16.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Telsey Advisory Group upped their target price on shares of Pinnacle Entertainment from $22.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, May 10th. Barclays PLC upped their target price on shares of Pinnacle Entertainment from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, May 30th. Finally, ValuEngine upgraded shares of Pinnacle Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, May 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.86.
Pinnacle Entertainment (PNK) opened at 19.09 on Friday. The firm has a 50-day moving average of $19.51 and a 200 day moving average of $18.93. Pinnacle Entertainment has a 12 month low of $10.54 and a 12 month high of $22.10. The stock’s market cap is $1.10 billion.
Pinnacle Entertainment (NASDAQ:PNK) last announced its earnings results on Thursday, August 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.07. The firm had revenue of $653.60 million for the quarter, compared to analyst estimates of $647.36 million. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the business earned ($8.04) EPS. Analysts anticipate that Pinnacle Entertainment will post $0.94 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Pinnacle Entertainment during the second quarter worth about $121,000. Oppenheimer Asset Management Inc. acquired a new position in Pinnacle Entertainment during the first quarter worth about $140,000. Pacad Investment Ltd. increased its position in Pinnacle Entertainment by 212.3% in the second quarter. Pacad Investment Ltd. now owns 9,680 shares of the company’s stock worth $191,000 after buying an additional 6,580 shares during the last quarter. Karp Capital Management Corp acquired a new position in Pinnacle Entertainment during the first quarter worth about $220,000. Finally, AQR Capital Management LLC acquired a new position in Pinnacle Entertainment during the fourth quarter worth about $170,000. Institutional investors own 89.45% of the company’s stock.
Pinnacle Entertainment Company Profile
Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.
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