Cabelas (CAB) Reaches $59.70 After 3.00% Up Move; Penn National Gaming Has 1.39 Sentiment

June 29, 2017 - By Adrian Erickson

The stock of Cabelas Inc (NYSE:CAB) is a huge mover today! About 1.11 million shares traded or 123.81% up from the average. Cabelas Inc (NYSE:CAB) has risen 9.23% since June 29, 2016 and is uptrending. It has underperformed by 7.47% the S&P500.The move comes after 7 months positive chart setup for the $4.12 billion company. It was reported on Jun, 29 by Barchart.com. We have $61.49 PT which if reached, will make NYSE:CAB worth $123.60M more.

Penn National Gaming, Inc. is an owner and manager of gaming and racing facilities, and video gaming terminal activities with a focus on slot machine entertainment. The company has market cap of $1.95 billion. The Firm operates through three divisions: Northeast, South/West and Midwest. It has a 23.16 P/E ratio. The Northeast segment consists of various properties, including Hollywood Casino at Charles Town Races, Hollywood Casino Bangor, Hollywood Casino at Penn National Race Course and Hollywood Casino Toledo.

Ratings analysis reveals 50% of Penn Natl Gaming’s analysts are positive. Out of 4 Wall Street analysts rating Penn Natl Gaming, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $14.0 while the high is $23.0. The stock’s average target of $18.25 is -14.56% below today’s ($21.36) share price. PENN was included in 4 notes of analysts from October 28, 2016. The rating was initiated by SunTrust with “Hold” on Friday, February 10. Telsey Advisory maintained the shares of PENN in report on Friday, October 28 with “Outperform” rating. The rating was downgraded by JP Morgan on Thursday, January 5 to “Neutral”. On Monday, April 10 the stock rating was maintained by FBR Capital with “Outperform”.

Hg Vora Capital Management Llc holds 17.97% of its portfolio in Penn National Gaming, Inc for 7.00 million shares. Addison Clark Management L.L.C. owns 267,037 shares or 6.86% of their US portfolio. Moreover, Rk Capital Management Llc has 3.59% invested in the company for 1.26 million shares. The New York-based Goldentree Asset Management Lp has invested 3.55% in the stock. Covalent Partners Llc, a Massachusetts-based fund reported 635,962 shares.

About 233,949 shares traded. Penn National Gaming, Inc (PENN) has risen 33.06% since June 29, 2016 and is uptrending. It has outperformed by 16.36% the S&P500.

Analysts await Penn National Gaming, Inc (NASDAQ:PENN) to report earnings on July, 27. They expect $0.23 earnings per share, down 37.84% or $0.14 from last year’s $0.37 per share. PENN’s profit will be $21.00 million for 23.22 P/E if the $0.23 EPS becomes a reality. After $0.24 actual earnings per share reported by Penn National Gaming, Inc for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Since January 1, 0001, it had 1 buy, and 0 selling transactions for $47,322 activity.

Among 15 analysts covering Cabela’s (NYSE:CAB), 4 have Buy rating, 0 Sell and 11 Hold. Therefore 27% are positive. Cabela’s has $64 highest and $38 lowest target. $49.33’s average target is -17.37% below currents $59.7 stock price. Cabela’s had 24 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Cabelas Inc (NYSE:CAB) earned “Neutral” rating by Northcoast on Friday, October 23. The stock has “Buy” rating by M Partners on Friday, October 23. The stock of Cabelas Inc (NYSE:CAB) earned “Hold” rating by Feltl & Co on Monday, October 3. The stock of Cabelas Inc (NYSE:CAB) earned “Neutral” rating by Credit Suisse on Thursday, October 22. Northland Capital maintained the stock with “Outperform” rating in Friday, July 24 report. The company was downgraded on Friday, October 23 by Sterne Agee CRT. The firm has “Neutral” rating by DA Davidson given on Wednesday, October 14. The stock of Cabelas Inc (NYSE:CAB) earned “Market Perform” rating by Wells Fargo on Friday, October 23. The company was maintained on Thursday, December 3 by M Partners. As per Friday, October 23, the company rating was upgraded by Goldman Sachs.