Penn National Gaming, Inc (NASDAQ:PENN) Director Jane Scaccetti bought 2,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average price of $27.51 per share, with a total value of $68,775.00. Following the completion of the transaction, the director now owns 14,831 shares of the company’s stock, valued at $408,000.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Penn National Gaming, Inc (NASDAQ PENN) opened at $27.85 on Wednesday. The firm has a market cap of $2,537.06, a P/E ratio of 5.28 and a beta of 1.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 18.36. Penn National Gaming, Inc has a 1-year low of $13.73 and a 1-year high of $33.30.

Penn National Gaming (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($3.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($3.58). The business had revenue of $769.00 million during the quarter, compared to the consensus estimate of $766.82 million. Penn National Gaming had a negative return on equity of 22.76% and a net margin of 15.97%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. research analysts predict that Penn National Gaming, Inc will post 1.48 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. LS Investment Advisors LLC bought a new stake in Penn National Gaming during the 4th quarter valued at $127,000. Raymond James Financial Services Advisors Inc. bought a new stake in Penn National Gaming during the 4th quarter valued at $212,000. Shelton Capital Management bought a new stake in Penn National Gaming during the 4th quarter valued at $231,000. Ameritas Investment Partners Inc. raised its holdings in Penn National Gaming by 6.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,441 shares of the company’s stock valued at $159,000 after buying an additional 482 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Penn National Gaming by 82.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 9,135 shares of the company’s stock valued at $214,000 after buying an additional 4,138 shares during the last quarter. Institutional investors own 97.32% of the company’s stock.

Several equities research analysts have issued reports on the stock. Deutsche Bank reiterated a “buy” rating and set a $38.00 target price (up from $32.00) on shares of Penn National Gaming in a research report on Monday, January 22nd. Jefferies Group started coverage on shares of Penn National Gaming in a report on Thursday, January 18th. They issued a “buy” rating and a $39.00 price objective for the company. Zacks Investment Research upgraded shares of Penn National Gaming from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Tuesday, January 9th. BidaskClub lowered shares of Penn National Gaming from a “strong-buy” rating to a “buy” rating in a report on Friday, January 5th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $33.00 price objective on shares of Penn National Gaming in a report on Monday, December 18th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $29.09.

COPYRIGHT VIOLATION WARNING: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/02/14/penn-national-gaming-inc-penn-director-jane-scaccetti-acquires-2500-shares.html.

Penn National Gaming Company Profile

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 operates through three segments: Northeast, South/West and Midwest. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.

Insider Buying and Selling by Quarter for Penn National Gaming (NASDAQ:PENN)

Receive News & Ratings for Penn National Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penn National Gaming and related companies with MarketBeat.com's FREE daily email newsletter.