PENN Entertainment (NASDAQ:PENN) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of PENN Entertainment (NASDAQ:PENN) from a strong sell rating to an equal weight rating in a research report report published on Friday morning, Marketbeat reports. The brokerage currently has $16.00 price target on the stock, up from their previous price target of $15.00.

PENN has been the topic of several other research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $17.00 price target on shares of PENN Entertainment in a research note on Wednesday, December 24th. Susquehanna dropped their target price on PENN Entertainment from $20.00 to $17.00 and set a “positive” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PENN Entertainment in a research note on Monday, December 29th. Citizens Jmp reduced their price target on PENN Entertainment from $25.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of PENN Entertainment in a report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.29.

PENN Entertainment Stock Performance

Shares of NASDAQ:PENN opened at $15.64 on Friday. The business’s 50-day simple moving average is $13.78 and its 200 day simple moving average is $15.92. The company has a market cap of $2.09 billion, a P/E ratio of -2.60, a PEG ratio of 0.48 and a beta of 1.33. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.79 and a current ratio of 0.79. PENN Entertainment has a one year low of $11.65 and a one year high of $22.13.

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

Institutional Investors Weigh In On PENN Entertainment

A number of institutional investors have recently made changes to their positions in PENN. Alpine Global Management LLC acquired a new stake in shares of PENN Entertainment during the 4th quarter valued at approximately $176,000. Axxcess Wealth Management LLC increased its stake in PENN Entertainment by 54.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 55,075 shares of the company’s stock valued at $812,000 after purchasing an additional 19,500 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in PENN Entertainment by 328.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 52,814 shares of the company’s stock valued at $779,000 after purchasing an additional 40,493 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of PENN Entertainment by 59.6% during the fourth quarter. XTX Topco Ltd now owns 38,933 shares of the company’s stock worth $574,000 after purchasing an additional 14,534 shares during the period. Finally, Susquehanna Portfolio Strategies LLC raised its holdings in shares of PENN Entertainment by 1,637.1% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 194,365 shares of the company’s stock worth $2,867,000 after purchasing an additional 183,176 shares during the period. 91.69% of the stock is currently owned by institutional investors.

PENN Entertainment News Summary

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.