Shares of Pinnacle Entertainment Inc (NASDAQ:PNK) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $31.00.
PNK has been the topic of a number of recent research reports. BidaskClub cut shares of Pinnacle Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, September 8th. Zacks Investment Research upgraded shares of Pinnacle Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 18th. Stifel Nicolaus restated a “hold” rating and set a $35.00 price target on shares of Pinnacle Entertainment in a research note on Thursday, August 16th. Finally, ValuEngine cut shares of Pinnacle Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th.
PNK traded down $0.12 during midday trading on Friday, reaching $33.37. The company had a trading volume of 20,571 shares, compared to its average volume of 434,208. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of -13.62. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 32.94 and a beta of 1.49. Pinnacle Entertainment has a 12-month low of $19.60 and a 12-month high of $35.18.
Pinnacle Entertainment (NASDAQ:PNK) last released its earnings results on Thursday, August 2nd. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.07). The company had revenue of $647.60 million during the quarter, compared to analysts’ expectations of $649.20 million. Pinnacle Entertainment had a net margin of 3.16% and a negative return on equity of 24.61%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. sell-side analysts anticipate that Pinnacle Entertainment will post 1.21 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of PNK. Victory Capital Management Inc. purchased a new stake in Pinnacle Entertainment in the 1st quarter worth approximately $336,000. Swiss National Bank lifted its stake in Pinnacle Entertainment by 2.2% in the 1st quarter. Swiss National Bank now owns 95,500 shares of the company’s stock worth $2,879,000 after purchasing an additional 2,100 shares in the last quarter. KBC Group NV lifted its stake in Pinnacle Entertainment by 15.5% in the 1st quarter. KBC Group NV now owns 11,429 shares of the company’s stock worth $345,000 after purchasing an additional 1,531 shares in the last quarter. Spark Investment Management LLC lifted its stake in Pinnacle Entertainment by 6.7% in the 1st quarter. Spark Investment Management LLC now owns 585,600 shares of the company’s stock worth $17,655,000 after purchasing an additional 36,700 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Pinnacle Entertainment in the 1st quarter worth approximately $243,000. Institutional investors and hedge funds own 87.15% of the company’s stock.
Pinnacle Entertainment Company Profile
Pinnacle Entertainment, Inc owns, develops, and operates casinos and related hospitality and entertainment facilities in the United States. It operates through Midwest, South, and West segments. As of February 28, 2018, the company owned and operated 16 gaming entertainment businesses located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, and Pennsylvania.
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