Weekly Analysts’ Ratings Changes for Pinnacle Entertainment (PNK)

Pinnacle Entertainment (NASDAQ: PNK) recently received a number of ratings updates from brokerages and research firms:

  • 11/14/2017 – Pinnacle Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. The Company also receives lease income from two card club casinos, both in the Los Angeles metropolitan area. “
  • 11/11/2017 – Pinnacle Entertainment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “Pinnacle Entertainment is a diversified gaming company that owns and operates casinos in Indiana, Louisiana, Mississippi, Nevada and Argentina and is pursuing the development of a hotel and casino resort in Lake Charles, Louisiana. The Company also receives lease income from two card club casinos, both in the Los Angeles metropolitan area. “
  • 11/8/2017 – Pinnacle Entertainment had its price target raised by analysts at Bank of America Corporation from $28.00 to $30.00. They now have a “buy” rating on the stock.
  • 11/8/2017 – Pinnacle Entertainment had its price target raised by analysts at Deutsche Bank AG from $20.00 to $27.00. They now have a “hold” rating on the stock.
  • 11/8/2017 – Pinnacle Entertainment had its price target raised by analysts at Stifel Nicolaus from $23.00 to $30.00. They now have a “hold” rating on the stock.
  • 11/8/2017 – Pinnacle Entertainment had its price target raised by analysts at Barclays PLC from $25.00 to $31.00. They now have an “overweight” rating on the stock.
  • 11/7/2017 – Pinnacle Entertainment was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/23/2017 – Pinnacle Entertainment had its price target raised by analysts at Bank of America Corporation from $27.00 to $28.00. They now have a “buy” rating on the stock.
  • 10/12/2017 – Pinnacle Entertainment had its price target raised by analysts at Telsey Advisory Group from $27.00 to $28.00. They now have an “outperform” rating on the stock.
  • 10/7/2017 – Pinnacle Entertainment was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/18/2017 – Pinnacle Entertainment was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Pinnacle Entertainment, Inc. (NASDAQ PNK) opened at $27.78 on Tuesday. The stock has a market capitalization of $1,562.71, a PE ratio of 35.79, a price-to-earnings-growth ratio of 1.63 and a beta of 1.38. Pinnacle Entertainment, Inc. has a twelve month low of $13.30 and a twelve month high of $27.94. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of -11.36.

Pinnacle Entertainment (NASDAQ:PNK) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $647.40 million during the quarter, compared to the consensus estimate of $652.13 million. Pinnacle Entertainment had a net margin of 1.23% and a negative return on equity of 13.12%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) earnings per share. sell-side analysts forecast that Pinnacle Entertainment, Inc. will post 0.81 EPS for the current year.

In related news, Chairman Anthony Michael Sanfilippo acquired 21,600 shares of the stock in a transaction dated Thursday, September 14th. The stock was bought at an average cost of $18.85 per share, with a total value of $407,160.00. Following the purchase, the chairman now directly owns 828,562 shares of the company’s stock, valued at $15,618,393.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jaynie M. Studenmund sold 20,000 shares of Pinnacle Entertainment stock in a transaction on Friday, August 25th. The shares were sold at an average price of $19.89, for a total transaction of $397,800.00. Following the transaction, the director now owns 78,230 shares in the company, valued at approximately $1,555,994.70. The disclosure for this sale can be found here. Insiders own 8.33% of the company’s stock.

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.

Receive News & Ratings for Pinnacle Entertainment Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Entertainment Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply