Pinnacle Entertainment Inc (NASDAQ:PNK) has earned an average rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $30.17.
Several brokerages have recently issued reports on PNK. BidaskClub cut shares of Pinnacle Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. SunTrust Banks reiterated an “average” rating and set a $35.00 price target on shares of Pinnacle Entertainment in a report on Monday, February 5th. Susquehanna Bancshares reiterated a “neutral” rating on shares of Pinnacle Entertainment in a report on Tuesday, December 19th. Macquarie downgraded shares of Pinnacle Entertainment from an “outperform” rating to a “neutral” rating in a report on Tuesday, December 19th. Finally, Citigroup downgraded shares of Pinnacle Entertainment to a “hold” rating in a report on Tuesday, December 19th.
Shares of Pinnacle Entertainment (PNK) traded up $0.12 during midday trading on Wednesday, hitting $30.17. 392,588 shares of the stock traded hands, compared to its average volume of 607,080. The company has a debt-to-equity ratio of -2.53, a current ratio of 0.53 and a quick ratio of 0.68. The stock has a market cap of $1,971.29, a PE ratio of 29.58 and a beta of 1.44. Pinnacle Entertainment has a 52-week low of $16.55 and a 52-week high of $33.59.
A number of large investors have recently modified their holdings of the stock. Bamco Inc. NY grew its holdings in Pinnacle Entertainment by 5.6% during the 3rd quarter. Bamco Inc. NY now owns 5,203,966 shares of the company’s stock valued at $110,897,000 after purchasing an additional 275,100 shares during the last quarter. BlackRock Inc. grew its holdings in Pinnacle Entertainment by 0.5% during the 4th quarter. BlackRock Inc. now owns 3,603,853 shares of the company’s stock valued at $117,953,000 after purchasing an additional 19,500 shares during the last quarter. Jennison Associates LLC grew its stake in Pinnacle Entertainment by 12.5% in the 3rd quarter. Jennison Associates LLC now owns 3,537,786 shares of the company’s stock worth $75,390,000 after acquiring an additional 393,813 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Pinnacle Entertainment by 56.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,851 shares of the company’s stock worth $49,608,000 after acquiring an additional 843,646 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Pinnacle Entertainment by 29.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,434,900 shares of the company’s stock worth $46,964,000 after acquiring an additional 326,500 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.
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Pinnacle Entertainment Company Profile
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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