Pinnacle Entertainment (NASDAQ:PNK)‘s stock had its “neutral” rating reaffirmed by investment analysts at Susquehanna Bancshares in a report released on Tuesday.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub raised Pinnacle Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Bank of America lifted their price target on Pinnacle Entertainment from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 23rd. ValuEngine cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Barclays boosted their price objective on Pinnacle Entertainment from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Pinnacle Entertainment presently has an average rating of “Hold” and an average target price of $27.57.

Shares of Pinnacle Entertainment (NASDAQ:PNK) opened at $31.19 on Tuesday. Pinnacle Entertainment has a 52-week low of $13.61 and a 52-week high of $33.59. The company has a debt-to-equity ratio of -11.36, a quick ratio of 0.68 and a current ratio of 0.71. The company has a market capitalization of $1,778.16, a PE ratio of 40.72, a price-to-earnings-growth ratio of 1.85 and a beta of 1.44.

Pinnacle Entertainment (NASDAQ:PNK) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Pinnacle Entertainment had a negative return on equity of 13.12% and a net margin of 1.23%. The company had revenue of $647.40 million during the quarter, compared to analysts’ expectations of $652.13 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. equities analysts forecast that Pinnacle Entertainment will post 0.81 earnings per share for the current year.

Several hedge funds have recently modified their holdings of PNK. Sterling Capital Management LLC increased its stake in Pinnacle Entertainment by 0.6% during the 2nd quarter. Sterling Capital Management LLC now owns 52,670 shares of the company’s stock worth $1,041,000 after buying an additional 289 shares in the last quarter. Prudential Financial Inc. increased its stake in Pinnacle Entertainment by 0.8% during the 2nd quarter. Prudential Financial Inc. now owns 39,897 shares of the company’s stock worth $788,000 after buying an additional 330 shares in the last quarter. Voya Investment Management LLC increased its stake in Pinnacle Entertainment by 7.5% during the 2nd quarter. Voya Investment Management LLC now owns 28,303 shares of the company’s stock worth $559,000 after buying an additional 1,974 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Pinnacle Entertainment by 35.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,266 shares of the company’s stock worth $176,000 after buying an additional 2,166 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Pinnacle Entertainment by 4.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 53,119 shares of the company’s stock worth $1,132,000 after buying an additional 2,335 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Pinnacle Entertainment (NASDAQ:PNK)

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