BidaskClub lowered shares of Pinnacle Entertainment (NASDAQ:PNK) from a hold rating to a sell rating in a report published on Saturday morning.
PNK has been the topic of a number of other research reports. Zacks Investment Research raised Pinnacle Entertainment from a hold rating to a buy rating and set a $30.00 price target on the stock in a research note on Saturday, November 11th. Bank of America increased their target price on Pinnacle Entertainment from $28.00 to $30.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. Deutsche Bank increased their target price on Pinnacle Entertainment from $20.00 to $27.00 and gave the stock a hold rating in a research report on Wednesday, November 8th. ValuEngine lowered Pinnacle Entertainment from a buy rating to a hold rating in a research report on Friday, December 1st. Finally, Barclays increased their target price on Pinnacle Entertainment from $25.00 to $31.00 and gave the stock an overweight rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Pinnacle Entertainment currently has a consensus rating of Hold and an average price target of $30.14.
Pinnacle Entertainment (PNK) opened at $30.05 on Friday. Pinnacle Entertainment has a 52 week low of $16.55 and a 52 week high of $33.59. The firm has a market capitalization of $1,958.32, a price-to-earnings ratio of 29.46 and a beta of 1.44. The company has a current ratio of 0.53, a quick ratio of 0.68 and a debt-to-equity ratio of -2.53.
Several institutional investors and hedge funds have recently modified their holdings of PNK. SG Americas Securities LLC purchased a new position in shares of Pinnacle Entertainment in the 3rd quarter worth $150,000. Meeder Asset Management Inc. raised its position in shares of Pinnacle Entertainment by 35.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,266 shares of the company’s stock worth $176,000 after buying an additional 2,166 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Pinnacle Entertainment in the 3rd quarter worth $202,000. Koch Industries Inc. acquired a new stake in Pinnacle Entertainment in the 4th quarter valued at $213,000. Finally, Guggenheim Capital LLC acquired a new stake in Pinnacle Entertainment in the 4th quarter valued at $222,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.
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About Pinnacle Entertainment
Pinnacle Entertainment, Inc is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates through three segments: Midwest, South and West. The Company’s Midwest segment includes Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St.
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