Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Pinnacle Entertainment (PNK) Share Price
News stories about Pinnacle Entertainment (NASDAQ:PNK) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pinnacle Entertainment earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 44.5344795517603 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Pinnacle Entertainment (PNK) traded down 0.33% on Tuesday, hitting $24.30. The stock had a trading volume of 275,078 shares. Pinnacle Entertainment has a 12 month low of $11.36 and a 12 month high of $24.94. The stock has a market cap of $1.40 billion, a PE ratio of 86.17 and a beta of 1.30. The stock has a 50 day moving average of $21.50 and a 200-day moving average of $21.50.
Pinnacle Entertainment (NASDAQ:PNK) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.07). The firm had revenue of $653.60 million during the quarter, compared to analysts’ expectations of $647.36 million. Pinnacle Entertainment had a negative return on equity of 8.88% and a net margin of 0.68%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned ($8.04) earnings per share. Equities research analysts anticipate that Pinnacle Entertainment will post $0.75 EPS for the current year.
Several research firms have weighed in on PNK. BidaskClub raised Pinnacle Entertainment from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Telsey Advisory Group boosted their price objective on Pinnacle Entertainment from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, October 12th. Zacks Investment Research cut Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target on shares of Pinnacle Entertainment in a research report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.80.
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In related news, Director Jaynie M. Studenmund sold 20,000 shares of Pinnacle Entertainment stock in a transaction on Friday, August 25th. The stock was sold at an average price of $19.89, for a total transaction of $397,800.00. Following the transaction, the director now directly owns 78,230 shares in the company, valued at $1,555,994.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Anthony Michael Sanfilippo bought 21,600 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $18.85 per share, for a total transaction of $407,160.00. Following the completion of the transaction, the chairman now directly owns 828,562 shares of the company’s stock, valued at approximately $15,618,393.70. The disclosure for this purchase can be found here. 8.33% of the stock is currently owned by insiders.
About Pinnacle Entertainment
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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