Pinnacle Entertainment (NASDAQ:PNK)’s share price hit a new 52-week high and low during trading on Thursday . The company traded as low as $34.32 and last traded at $34.40, with a volume of 26039 shares changing hands. The stock had previously closed at $33.85.
A number of equities analysts have recently commented on the stock. BidaskClub cut shares of Pinnacle Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine upgraded shares of Pinnacle Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. SunTrust Banks restated an “average” rating and set a $35.00 target price on shares of Pinnacle Entertainment in a research report on Monday, February 5th. Finally, Zacks Investment Research raised Pinnacle Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $30.14.
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The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of -12.88. The stock has a market cap of $1.96 billion, a PE ratio of 33.62 and a beta of 1.40.
Pinnacle Entertainment (NASDAQ:PNK) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Pinnacle Entertainment had a negative return on equity of 20.78% and a net margin of 2.66%. The company had revenue of $628.40 million during the quarter, compared to analysts’ expectations of $638.64 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts anticipate that Pinnacle Entertainment will post 1.23 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Pinnacle Entertainment in the 1st quarter valued at $328,000. Point72 Asset Management L.P. purchased a new stake in shares of Pinnacle Entertainment during the 1st quarter worth about $295,000. Guggenheim Capital LLC raised its stake in shares of Pinnacle Entertainment by 445.1% during the 1st quarter. Guggenheim Capital LLC now owns 37,104 shares of the company’s stock worth $1,117,000 after purchasing an additional 30,297 shares in the last quarter. Bluefin Trading LLC purchased a new stake in shares of Pinnacle Entertainment during the 1st quarter worth about $3,124,000. Finally, Jane Street Group LLC bought a new position in shares of Pinnacle Entertainment in the 1st quarter valued at approximately $441,000. Institutional investors and hedge funds own 84.33% 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.