Shares of Pinnacle Entertainment (NASDAQ:PNK) reached a new 52-week high and low on Friday . The company traded as low as $34.50 and last traded at $34.35, with a volume of 15187 shares traded. The stock had previously closed at $34.43.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Pinnacle Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Friday. ValuEngine raised shares of Pinnacle Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Pinnacle Entertainment from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, SunTrust Banks reaffirmed an “average” rating and set a $35.00 target price on shares of Pinnacle Entertainment in a research report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Pinnacle Entertainment currently has an average rating of “Buy” and a consensus target price of $30.14.
The stock has a market capitalization of $1.99 billion, a P/E ratio of 31.47 and a beta of 1.40. The company has a debt-to-equity ratio of -12.88, a quick ratio of 0.85 and a current ratio of 0.89.
Pinnacle Entertainment (NASDAQ:PNK) last issued its earnings results on Wednesday, May 9th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $628.40 million for the quarter, compared to analyst estimates of $638.64 million. Pinnacle Entertainment had a net margin of 2.66% and a negative return on equity of 20.78%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. analysts predict that Pinnacle Entertainment will post 1.23 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Koch Industries Inc. bought a new position in shares of Pinnacle Entertainment during the fourth quarter valued at approximately $213,000. Guggenheim Capital LLC bought a new position in shares of Pinnacle Entertainment during the fourth quarter valued at approximately $222,000. Amalgamated Bank bought a new position in shares of Pinnacle Entertainment during the fourth quarter valued at approximately $234,000. Connable Office Inc. bought a new position in shares of Pinnacle Entertainment during the fourth quarter valued at approximately $242,000. Finally, Quantbot Technologies LP bought a new position in shares of Pinnacle Entertainment during the first quarter valued at approximately $243,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.
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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