Penn National Gaming Inc. (NASDAQ:PENN) fell 2.6% on Thursday . The company traded as low as $14.38 and last traded at $14.40, with a volume of 587,659 shares trading hands. The stock had previously closed at $14.79.

A number of brokerages have weighed in on PENN. Deutsche Bank AG reiterated a “buy” rating and set a $22.00 price target on shares of Penn National Gaming in a research report on Thursday, April 14th. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Saturday, April 23rd. Morgan Stanley reiterated a “sell” rating and set a $15.00 price target on shares of Penn National Gaming in a research report on Friday, April 29th. Telsey Advisory Group dropped their price target on shares of Penn National Gaming from $25.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and set a $18.00 price target on shares of Penn National Gaming in a research report on Thursday, May 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $18.86.

The firm has a 50 day moving average of $14.15 and a 200 day moving average of $14.86. The company has a market capitalization of $1.17 billion and a price-to-earnings ratio of 24.31.

Penn National Gaming (NASDAQ:PENN) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.09. The company had revenue of $769.40 million for the quarter, compared to analyst estimates of $785.06 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS. Analysts expect that Penn National Gaming Inc. will post $1.05 earnings per share for the current fiscal year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Fiduciary Management Associates LLC increased its position in 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. Victory Capital Management Inc. increased its position in 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. New York State Common Retirement Fund increased its position in 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 in the last quarter. Systematic Financial Management LP increased its position in 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. Finally, Cornerstone Capital Management Holdings LLC. increased its position in Penn National Gaming by 16.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 356,991 shares of the company’s stock worth $5,719,000 after buying an additional 49,291 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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