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

A number of research firms have recently weighed in on PENN. Zacks Investment Research lowered shares of Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Wednesday. Macquarie upgraded shares of Penn National Gaming from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Thursday, June 30th. Deutsche Bank AG reiterated a “buy” rating on shares of Penn National Gaming in a research note on Sunday, June 26th. Morgan Stanley upgraded shares of Penn National Gaming from an “underweight” rating to an “equal weight” rating and increased 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. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $18.00 price objective on shares of Penn National Gaming in a research note on Thursday, May 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Penn National Gaming presently has a consensus rating of “Buy” and a consensus target price of $19.23.

The company has a market cap of $1.13 billion and a price-to-earnings ratio of 55.68. The stock’s 50 day moving average is $14.23 and its 200 day moving average is $14.87.

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 company had revenue of $756.50 million for the quarter, compared to analysts’ expectations of $755.27 million. Equities research analysts forecast that Penn National Gaming Inc. will post $0.92 EPS for the current year.

Several hedge funds recently modified their holdings of PENN. 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 valued at $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 valued at $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 valued at $22,972,000 after buying an additional 89,720 shares in the last quarter. J. Goldman & Co LP bought a new stake in shares of Penn National Gaming during the fourth quarter valued at $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 valued at $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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