Shares of Penn National Gaming Inc. (NASDAQ:PENN) were down 2.5% during trading on Monday . The stock traded as low as $13.73 and last traded at $13.74, with a volume of 413,930 shares changing hands. The stock had previously closed at $14.09.

Several analysts recently commented on PENN shares. JPMorgan Chase & Co. raised their price target on shares of Penn National Gaming from $21.00 to $22.00 in a research report on Tuesday, March 29th. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Saturday, April 23rd. Deutsche Bank AG restated a “buy” rating and set a $22.00 price target on shares of Penn National Gaming in a research report on Thursday, April 14th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $18.00 target price on shares of Penn National Gaming in a research report on Thursday, May 26th. Finally, Morgan Stanley upgraded shares of Penn National Gaming from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $15.00 to $16.00 in a research report on Wednesday, June 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $19.54.

The firm has a market cap of $1.12 billion and a PE ratio of 55.20. The firm has a 50-day moving average of $14.50 and a 200-day moving average of $14.96.

Penn National Gaming (NASDAQ:PENN) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The business earned $756.50 million during the quarter, compared to analysts’ expectations of $755.27 million. On average, analysts anticipate that Penn National Gaming Inc. will post $0.92 EPS for the current year.

A number of hedge funds have added to or reduced their stakes in the stock. California State Teachers Retirement System increased its stake in Penn National Gaming by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 147,892 shares of the company’s stock valued at $2,369,000 after buying an additional 2,324 shares during the period. Rhumbline Advisers increased its position in shares of Penn National Gaming by 2.2% in the fourth quarter. Rhumbline Advisers now owns 112,512 shares of the company’s stock worth $1,802,000 after buying an additional 2,475 shares during the last quarter. Bank of Montreal Can increased its position in shares of Penn National Gaming by 6.0% in the fourth quarter. Bank of Montreal Can now owns 181,004 shares of the company’s stock worth $2,900,000 after buying an additional 10,209 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Penn National Gaming by 6.9% in the fourth quarter. New York State Common Retirement Fund now owns 397,045 shares of the company’s stock worth $6,361,000 after buying an additional 25,630 shares during the last quarter. Finally, Systematic Financial Management LP increased its position in shares of Penn National Gaming by 7.6% in the fourth quarter. Systematic Financial Management LP now owns 380,385 shares of the company’s stock worth $6,093,000 after buying an additional 26,740 shares during the last quarter.

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’s segments include the East/Midwest, the West and the Southern Plains segment. East/Midwest segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway and Plainridge Park Casino.

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