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PENN Entertainment (PENN) Receives a Hold from Jefferies

Tipranks - Tipranks - Tue Apr 7, 8:02AM CDT

Jefferies analyst reiterated a Hold rating on PENN Entertainment yesterday and set a price target of $16.00.

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PENN Entertainment has an analyst consensus of Moderate Buy, with a price target consensus of $18.92.

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Based on PENN Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.81 billion and a GAAP net loss of $73 million. In comparison, last year the company earned a revenue of $1.67 billion and had a GAAP net loss of $133.3 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PENN in relation to earlier this year. Last month, Jane Scaccetti, a Director at PENN bought 8,000.00 shares for a total of $120,720.00.

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