PENN Entertainment (NASDAQ:PENN) Upgraded at Wall Street Zen

PENN Entertainment (NASDAQ:PENN) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued on Monday.

A number of other equities analysts have also issued reports on PENN. Morgan Stanley cut their target price on PENN Entertainment from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, January 16th. Canaccord Genuity Group cut their price target on shares of PENN Entertainment from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PENN Entertainment from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Friday. Susquehanna dropped their target price on shares of PENN Entertainment from $20.00 to $17.00 and set a “positive” rating for the company in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus raised shares of PENN Entertainment from a “hold” rating to a “buy” rating and increased their price target for the stock from $19.00 to $21.00 in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.29.

PENN Entertainment Stock Performance

Shares of PENN stock opened at $15.64 on Monday. The company has a debt-to-equity ratio of 3.92, a current ratio of 0.79 and a quick ratio of 0.79. The company’s fifty day moving average price is $13.78 and its two-hundred day moving average price is $15.92. The firm has a market capitalization of $2.09 billion, a P/E ratio of -2.60, a P/E/G ratio of 0.48 and a beta of 1.33. PENN Entertainment has a 12 month low of $11.65 and a 12 month high of $22.13.

PENN Entertainment (NASDAQ:PENN) last announced its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.30. PENN Entertainment had a negative return on equity of 1.94% and a negative net margin of 12.11%.The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company earned ($0.44) earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that PENN Entertainment will post -1.61 earnings per share for the current fiscal year.

Institutional Trading of PENN Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Shapiro Capital Management LLC boosted its position in PENN Entertainment by 6.6% during the 3rd quarter. Shapiro Capital Management LLC now owns 6,856,778 shares of the company’s stock valued at $132,062,000 after purchasing an additional 425,190 shares during the period. Hill Path Capital LP lifted its stake in PENN Entertainment by 64.4% in the third quarter. Hill Path Capital LP now owns 5,759,820 shares of the company’s stock valued at $110,934,000 after buying an additional 2,257,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of PENN Entertainment by 74.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,930,293 shares of the company’s stock valued at $75,697,000 after acquiring an additional 1,679,953 shares during the period. AQR Capital Management LLC grew its position in shares of PENN Entertainment by 824.3% during the fourth quarter. AQR Capital Management LLC now owns 3,499,700 shares of the company’s stock worth $51,341,000 after acquiring an additional 3,121,051 shares during the last quarter. Finally, Armistice Capital LLC grew its position in shares of PENN Entertainment by 47.2% during the fourth quarter. Armistice Capital LLC now owns 3,096,000 shares of the company’s stock worth $45,666,000 after acquiring an additional 992,334 shares during the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

PENN Entertainment News Roundup

Here are the key news stories impacting PENN Entertainment this week:

• Positive Sentiment: Q4 results beat consensus — PENN reported adjusted EPS of $0.07 (vs. a -$0.23 estimate) and revenue of $1.81B, with management citing positive momentum in interactive products and improved retail trends. PENN Entertainment (NASDAQ:PENN) Surprises With Q4 CY2025 Sales, Stock Soars
• Positive Sentiment: Management set explicit 2026 targets — the company is aiming for ~20% interactive-segment EBITDAR growth and ~$3 per share free cash flow while advancing restructuring and cost cuts, which could materially improve margins if achieved. Penn targets 20% interactive segment EBITDAR growth and $3 per share free cash flow in 2026
• Positive Sentiment: Analyst support increased — Deutsche Bank bumped its price target to $17 (maintaining a hold), signaling incremental upgrade in outlook from the Street. Deutsche Bank adjusts PENN price target to $17
• Positive Sentiment: Wells Fargo upgraded PENN from underweight to equal weight and raised its target to $16 — another signal of improving sentiment among institutional analysts. Wells Fargo upgrades PENN, raises price target
• Positive Sentiment: Market reaction to guidance and interactive progress was strong — the stock recently rallied after management outlined a double-digit growth outlook for the year. PENN Climbs on Double-Digit Growth Outlook
• Neutral Sentiment: Full earnings-call detail and transcripts are available for deeper read (useful for assessing cadence on costs, hold rates and interactive trends). Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Coverage noting PENN is “reshaping strategy after costly partnerships” and narrowing Q4 losses — indicates management is pivoting but also acknowledges past execution/partnership costs. Penn Entertainment narrows Q4 losses as bets reshape strategy
• Negative Sentiment: Legal/regulatory risk — management has flagged prediction-market litigation and is pushing for a higher-court resolution; an adverse outcome could hinder interactive growth. CEO Hopes Prediction Market Lawsuits Get to Supreme Court
• Negative Sentiment: Structural headwinds remain — PENN still reports negative net margin and negative ROE and carries elevated leverage, which could cap upside until profitability and balance-sheet metrics materially improve.

PENN Entertainment Company Profile

PENN Entertainment, Inc (NASDAQ: PENN) is a leading operator of gaming and racing facilities in the United States. The company’s business activities encompass land-based casinos, pari-mutuel racetracks, off-track wagering, and ancillary amenities such as hotels, restaurants and entertainment venues. In August 2022, the company rebranded from Penn National Gaming to PENN Entertainment to reflect its expanding footprint across digital and traditional segments of the gaming industry.

The company’s portfolio includes well-known properties under the Hollywood Casino and Ameristar Casino brands, located across multiple states including Pennsylvania, Ohio, Missouri and West Virginia.