Today, the CEO of Penn National Gaming (NASDAQ: PENN), Timothy Wilmott, bought shares of PENN for $3.09M.
Following this transaction Timothy Wilmott’s holding in the company was increased by 19.5% to a total of $19.72 million. In addition to Timothy Wilmott, one other PENN executive reported Buy trades in the last month.
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Based on Penn National Gaming’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $827 million and quarterly net profit of $53.99 million. In comparison, last year the company earned revenue of $796 million and had a net profit of $17.08 million. PENN’s market cap is $2.97B and the company has a P/E ratio of 5.29. The Company has a Price to Book ratio of 106.8925.
18 different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock. Starting in February 2018, PENN received 18 Buy ratings in a row. Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $38.20, reflecting a -13.5% downside.
The insider sentiment on Penn National Gaming has been neutral according to 63 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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Penn National Gaming, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following segments: Northeast; South and West; Midwest; and Other.
