Penn National Gaming Inc. (NASDAQ:PENN)’s share price traded up 1.7% on Wednesday . The stock traded as high as $14.77 and last traded at $14.67, with a volume of 693,872 shares changing hands. The stock had previously closed at $14.42.

Several equities analysts have weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Penn National Gaming in a research note on Sunday, June 26th. Morgan Stanley reaffirmed a “sell” rating and set a $15.00 target price on shares of Penn National Gaming in a research note on Friday, April 29th. Telsey Advisory Group lowered their target price on Penn National Gaming from $25.00 to $21.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Zacks Investment Research cut Penn National Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $18.00 target price 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 assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $18.86.

The firm has a market capitalization of $1.22 billion and a P/E ratio of 24.86. The company has a 50-day moving average price of $14.15 and a 200 day moving average price of $14.88.

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

Other hedge funds and institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its position in Penn National Gaming by 2.2% in the fourth quarter. Rhumbline Advisers now owns 112,512 shares of the company’s stock worth $1,802,000 after buying an additional 2,475 shares during the last quarter. 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 during the last quarter. Bank of Montreal Can increased 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. 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 during the last quarter. Finally, 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 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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