Penn National Gaming SVP Sells $887,568 in Stock (PENN)
Penn National Gaming (NASDAQ:PENN) SVP Thomas Burke sold 15,892 shares of Penn National Gaming stock on the open market in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $55.85, for a total value of $887,568.20. Following the completion of the transaction, the senior vice president now directly owns 47,254 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on PENN. Analysts at Thomson Reuters/Verus downgraded shares of Penn National Gaming (NASDAQ:PENN) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th. Separately, analysts at Imperial Capital cut their price target on shares of Penn National Gaming (NASDAQ:PENN) from $60.00 to $58.00 in a research note to investors on Thursday, July 25th. Finally, analysts at RBC Capital cut their price target on shares of Penn National Gaming (NASDAQ:PENN) from $61.00 to $57.00 in a research note to investors on Wednesday, July 24th. They now have an “outperform” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Penn National Gaming presently has an average rating of “Hold” and a consensus target price of $57.58.
Shares of Penn National Gaming (NASDAQ:PENN) traded up 1.56% on Wednesday, hitting $56.622. The stock had a trading volume of 656,675 shares. Penn National Gaming has a 1-year low of $37.00 and a 1-year high of $59.93. The stock has a 50-day moving average of $53.06 and a 200-day moving average of $54.27. The company has a market cap of $4.445 billion and a P/E ratio of 47.85.
Penn National Gaming (NASDAQ:PENN) last announced its earnings results on Tuesday, July 23rd. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.82. The company had revenue of $761.40 million for the quarter, compared to the consensus estimate of $790.10 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Penn National Gaming will post $1.41 EPS for the current fiscal year.
Penn National Gaming, Inc (NASDAQ:PENN) is a diversified owner and manager of gaming and pari-mutuel properties.
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