Analyst Rating Update on Pinnacle Entertainment (PNK)

Pinnacle Entertainment (NYSE:PNK) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Pinnacle Entertainment (NYSE:PNK) : The most positive equity analysts on Pinnacle Entertainment (NYSE:PNK) expects the shares to touch $41, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $24 with an expected fluctuation of $15.13 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Telsey Advisory Group upgrades its rating on Pinnacle Entertainment (NYSE:PNK). Analysts at the Telsey Advisory Group have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on May 11, 2016.

Pinnacle Entertainment (NYSE:PNK): On Tuesdays trading session , Opening price of the stock was $11.15 with an intraday high of $11.26. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.99. However, the stock managed to close at $11, a loss of 0.18% for the day. On the previous day, the stock had closed at $11.02. The total traded volume of the day was 967,691 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Pinnacle Entertainment, Inc., Sanfilippo Anthony Michael, had purchased 153,500 shares in a transaction dated on June 13, 2016. The transaction was executed at $11.11 per share with total amount equaling $1,705,385.

Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The key properties in the Companys Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, River City and Belterra Park. The key properties in the Companys South segment include Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, LAuberge Baton Rouge and LAuberge Lake Charles. The key properties in the Companys West segment include Ameristar Black Hawk and Cactus Petes and Horseshu. The Company owns and operates around 15 gaming entertainment properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Ohio. It also holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack located outside of San Antonio, Texas.

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