Pinnacle Entertainment EVP Neil E. Walkoff Unloads 10,000 Shares (PNK)
Pinnacle Entertainment (NYSE:PNK) EVP Neil E. Walkoff sold 10,000 shares of Pinnacle Entertainment stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $25.30, for a total transaction of $253,000.00. Following the sale, the executive vice president now directly owns 47,539 shares of the company’s stock, valued at approximately $1,202,737. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PNK. Analysts at Zacks upgraded shares of Pinnacle Entertainment from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 1st. They now have a $23.90 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Pinnacle Entertainment from $27.00 to $29.00 in a research note on Thursday, May 1st. Finally, analysts at Bank of America downgraded shares of Pinnacle Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, March 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $25.37.
Shares of Pinnacle Entertainment (NYSE:PNK) traded down 1.34% during mid-day trading on Monday, hitting $24.99. The stock had a trading volume of 864,977 shares. Pinnacle Entertainment has a 52-week low of $17.75 and a 52-week high of $26.77. The stock has a 50-day moving average of $23.81 and a 200-day moving average of $23.72. The company’s market cap is $1.489 billion.
Pinnacle Entertainment (NYSE:PNK) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.03. The company had revenue of $532.80 million for the quarter, compared to the consensus estimate of $550.11 million. During the same quarter last year, the company posted $0.25 earnings per share. Pinnacle Entertainment’s revenue was up 99.8% compared to the same quarter last year. On average, analysts predict that Pinnacle Entertainment will post $1.78 earnings per share for the current fiscal year.
Pinnacle Entertainment, Inc (NYSE:PNK), is an owner, operator and developer of casinos and related hospitality and entertainment facilities.
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