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

Several analysts recently issued reports on PENN shares. JPMorgan Chase & Co. increased their target price on Penn National Gaming from $21.00 to $22.00 in a research report on Tuesday, March 29th. Deutsche Bank AG reiterated a “buy” rating and set a $22.00 target price on shares of Penn National Gaming in a research report on Thursday, April 14th. Zacks Investment Research upgraded Penn National Gaming from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Saturday, April 23rd. Morgan Stanley reiterated a “sell” rating and set a $15.00 target price on shares of Penn National Gaming in a research report on Friday, April 29th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a $18.00 price target on shares of Penn National Gaming in a report on Thursday, May 26th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Penn National Gaming currently has an average rating of “Buy” and an average target price of $19.54.

The firm has a market capitalization of $1.10 billion and a PE ratio of 53.96. The stock has a 50 day moving average price of $14.42 and a 200 day moving average price of $14.91.

Penn National Gaming (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.26 earnings per share for the quarter, topping 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, equities research analysts anticipate that Penn National Gaming Inc. will post $0.92 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have modified their holdings of PENN. Rhumbline Advisers raised 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 valued at $1,802,000 after buying an additional 2,475 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Penn National Gaming by 161.8% in the fourth quarter. Nationwide Fund Advisors now owns 135,577 shares of the company’s stock valued at $2,172,000 after buying an additional 83,799 shares during the last quarter. California State Teachers Retirement System raised its position in shares of 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 last quarter. Marshall Wace LLP raised its position in shares of Penn National Gaming by 1,279.7% in the fourth quarter. Marshall Wace LLP now owns 160,875 shares of the company’s stock valued at $2,577,000 after buying an additional 149,215 shares during the last quarter. Finally, Bank of Montreal Can raised 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 valued at $2,900,000 after buying an additional 10,209 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.