Penn National Gaming Inc. (NASDAQ:PENN) rose 3.7% on Friday . The stock traded as high as $13.91 and last traded at $13.89, with a volume of 1,002,936 shares trading hands. The stock had previously closed at $13.39.

PENN has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Penn National Gaming from $21.00 to $22.00 in a research note on Tuesday, March 29th. Macquarie upgraded shares of Penn National Gaming from a “neutral” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Thursday, June 30th. Deutsche Bank AG downgraded shares of Penn National Gaming to a “hold” rating in a research note on Thursday, April 28th. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Saturday, April 23rd. Finally, Morgan Stanley upgraded shares of Penn National Gaming from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $15.00 to $16.00 in a research note on Wednesday, June 1st. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.23.

The stock has a market capitalization of $1.13 billion and a P/E ratio of 55.68. The firm’s 50-day moving average price is $14.23 and its 200-day moving average price is $14.87.

Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.04. The firm earned $756.50 million during the quarter, compared to analysts’ expectations of $755.27 million. Equities analysts expect that Penn National Gaming Inc. will post $0.93 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Systematic Financial Management LP increased its stake 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 in the last quarter. Marshall Wace LLP increased its stake 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 worth $2,577,000 after buying an additional 149,215 shares in the last quarter. Fiduciary Management Associates LLC increased its stake in shares of Penn National Gaming by 6.7% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,433,955 shares of the company’s stock worth $22,972,000 after buying an additional 89,720 shares in the last quarter. J. Goldman & Co LP purchased a new stake in shares of Penn National Gaming during the fourth quarter worth approximately $3,581,000. Finally, Victory Capital Management Inc. increased its stake in shares of Penn National Gaming by 15.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,402,653 shares of the company’s stock worth $22,470,000 after buying an additional 189,468 shares in 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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