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

Several research firms have recently commented on PENN. Telsey Advisory Group decreased their price objective on Penn National Gaming from $25.00 to $21.00 and set an “outperform” rating for the company in a report on Friday, July 29th. Zacks Investment Research downgraded Penn National Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Macquarie upgraded Penn National Gaming from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Thursday, June 30th. Deutsche Bank AG restated a “buy” rating on shares of Penn National Gaming in a report on Sunday, June 26th. Finally, Morgan Stanley upgraded Penn National Gaming from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $15.00 to $16.00 in a report on Wednesday, June 1st. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.86.

The stock’s 50-day moving average price is $14.15 and its 200 day moving average price is $14.86. The firm has a market capitalization of $1.21 billion and a PE ratio of 25.17.

Penn National Gaming (NASDAQ:PENN) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.09. The business earned $769.40 million during the quarter, compared to analysts’ expectations of $785.06 million. During the same quarter last year, the business posted $0.03 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts expect that Penn National Gaming Inc. will post $1.07 earnings per share for the current fiscal year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in PENN. Systematic Financial Management LP boosted 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 during the last quarter. Marshall Wace LLP boosted its position in 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 during the last quarter. Fiduciary Management Associates LLC boosted 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 during the last quarter. Victory Capital Management Inc. boosted 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 during the last quarter. Finally, Bank of Montreal Can boosted its position in 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.

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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