JPMorgan Chase & Co. Forecasts Strong Price Appreciation for PENN Entertainment (NASDAQ:PENN) Stock

PENN Entertainment (NASDAQ:PENN) had its price objective increased by research analysts at JPMorgan Chase & Co. from $22.00 to $23.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 33.41% from the stock’s previous close.

A number of other research firms have also weighed in on PENN. Deutsche Bank Aktiengesellschaft raised their target price on PENN Entertainment from $17.00 to $18.00 and gave the company a “hold” rating in a report on Friday. Mizuho raised their target price on PENN Entertainment from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, March 12th. Canaccord Genuity Group dropped their target price on PENN Entertainment from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Barclays raised their target price on PENN Entertainment from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company raised their target price on PENN Entertainment from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.21.

PENN Entertainment Stock Down 0.1%

Shares of NASDAQ PENN opened at $17.24 on Friday. The stock has a market capitalization of $2.30 billion, a P/E ratio of -2.57, a P/E/G ratio of 0.56 and a beta of 1.32. The company has a 50-day moving average price of $14.59 and a 200-day moving average price of $14.71. PENN Entertainment has a 1 year low of $11.65 and a 1 year high of $20.60. The company has a debt-to-equity ratio of 3.92, a current ratio of 0.79 and a quick ratio of 0.79.

PENN Entertainment (NASDAQ:PENN) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. PENN Entertainment had a negative net margin of 13.55% and a positive return on equity of 0.42%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. On average, equities research analysts forecast that PENN Entertainment will post 1.01 EPS for the current fiscal year.

Institutional Trading of PENN Entertainment

A number of hedge funds have recently bought and sold shares of PENN. Caxton Associates LLP bought a new stake in PENN Entertainment during the first quarter worth $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in PENN Entertainment by 30.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 344,565 shares of the company’s stock worth $5,620,000 after acquiring an additional 79,978 shares during the period. Russell Investments Group Ltd. lifted its holdings in PENN Entertainment by 6.7% during the second quarter. Russell Investments Group Ltd. now owns 64,280 shares of the company’s stock worth $1,150,000 after acquiring an additional 4,011 shares during the period. First Trust Advisors LP lifted its holdings in PENN Entertainment by 169.6% during the second quarter. First Trust Advisors LP now owns 94,575 shares of the company’s stock worth $1,690,000 after acquiring an additional 59,489 shares during the period. Finally, Marshall Wace LLP lifted its holdings in PENN Entertainment by 80.2% during the second quarter. Marshall Wace LLP now owns 386,871 shares of the company’s stock worth $6,913,000 after acquiring an additional 172,158 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Key Headlines Impacting PENN Entertainment

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

• Positive Sentiment: Mizuho raised its price target to $23 and maintained an “outperform” call, implying ~33% upside from current levels. Article Title TickerReport
• Positive Sentiment: JPMorgan bumped its target to $23 and moved to “overweight” — another institutional vote of confidence that can support upside momentum. Article Title
• Positive Sentiment: Stifel raised its target to $23 and kept a “buy” rating, joining other brokers in signaling meaningful upside. Article Title The Fly
• Positive Sentiment: PENN reported a Q1 beat (EPS $0.11 vs. $0.05 est.; revenue $1.78B vs. $1.74B), with Interactive losses narrowing sharply and retail trends aided by the M Resort tower opening — evidence of operational improvement. Press Release Yahoo
• Neutral Sentiment: Deutsche Bank nudged its target to $18 and kept a “hold” rating — a less bullish view that tempers the unanimous upgrade narrative. MarketScreener
• Neutral Sentiment: Management reiterated an improving Interactive outlook (2026 interactive adjusted EBITDA loss guided to ~$20M) and highlighted retail strength from Alberta and property openings — supports the recovery thesis but is conditional on execution. Seeking Alpha
• Negative Sentiment: Analyst caution and a bearish Seeking Alpha piece emphasize elevated leverage, a regional asset base they consider lower quality, and a valuation premium versus peers — risks that could cap the multiple until leverage meaningfully improves. Seeking Alpha
• Negative Sentiment: Financial metrics remain a concern: negative net margin and return on equity plus a high debt-to-equity ratio keep balance-sheet risk top of mind for investors despite operational gains (see company metrics). MarketBeat

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.