Penn National Gaming (NASDAQ:PENN) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Several other research firms have also recently commented on PENN. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 target price on shares of Penn National Gaming in a research note on Monday, December 18th. Union Gaming Research upped their target price on shares of Penn National Gaming to $35.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Deutsche Bank upped their target price on shares of Penn National Gaming from $29.00 to $32.00 in a research note on Monday, December 18th. Telsey Advisory Group cut shares of Penn National Gaming from an “outperform” rating to a “market perform” rating and set a $26.00 target price for the company. in a research note on Friday, October 27th. Finally, TheStreet upgraded shares of Penn National Gaming from a “c+” rating to a “b+” rating in a research note on Monday, November 13th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.00.

Penn National Gaming (PENN) traded up $0.48 during trading hours on Friday, reaching $30.79. 691,134 shares of the company traded hands, compared to its average volume of 985,850. The firm has a market cap of $2,764.96, a PE ratio of 3.53, a P/E/G ratio of 4.15 and a beta of 1.04. Penn National Gaming has a 1 year low of $13.00 and a 1 year high of $31.65. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 18.36.

In other news, CEO Timothy J. Wilmott sold 13,903 shares of the stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $24.05, for a total value of $334,367.15. Following the completion of the transaction, the chief executive officer now owns 456,100 shares in the company, valued at approximately $10,969,205. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy J. Wilmott sold 11,159 shares of the stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $24.03, for a total transaction of $268,150.77. Following the completion of the transaction, the chief executive officer now owns 456,100 shares of the company’s stock, valued at approximately $10,960,083. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,058 shares of company stock valued at $3,432,148. Corporate insiders own 10.17% of the company’s stock.

Several hedge funds have recently made changes to their positions in PENN. Ameritas Investment Partners Inc. raised its stake in shares of Penn National Gaming by 6.9% in 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 in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Penn National Gaming in the 2nd quarter valued at $206,000. Royal Bank of Canada raised its stake in shares of Penn National Gaming by 209.1% in the 2nd quarter. Royal Bank of Canada now owns 9,892 shares of the company’s stock valued at $212,000 after buying an additional 6,692 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Penn National Gaming by 82.8% in 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 in the last quarter. Finally, Amalgamated Bank increased its position in shares of Penn National Gaming by 3.8% during the 2nd quarter. Amalgamated Bank now owns 10,962 shares of the company’s stock worth $235,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 97.61% of the company’s stock.

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About Penn National Gaming

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.

Analyst Recommendations for Penn National Gaming (NASDAQ:PENN)

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