PENN Entertainment (NASDAQ:PENN) Price Target Raised to $17.00

PENN Entertainment (NASDAQ:PENN) had its price objective upped by Deutsche Bank Aktiengesellschaft from $16.00 to $17.00 in a research note published on Friday,MarketScreener reports. They currently have a hold rating on the stock.

Other equities analysts have also issued reports about the stock. Needham & Company LLC restated a “hold” rating on shares of PENN Entertainment in a report on Friday, November 7th. Canaccord Genuity Group reduced their target price on PENN Entertainment from $26.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Jefferies Financial Group restated a “hold” rating and issued a $17.00 price target on shares of PENN Entertainment in a research note on Wednesday, December 24th. Susquehanna dropped their price objective 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. Finally, Wells Fargo & Company raised PENN Entertainment from a “strong sell” rating to an “equal weight” rating and boosted their target price for the stock from $15.00 to $16.00 in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.29.

PENN Entertainment Trading Up 6.8%

NASDAQ PENN opened at $15.64 on Friday. The stock has a market cap 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. The stock’s fifty day moving average price is $13.78 and its 200-day moving average price is $15.92. PENN Entertainment has a 12 month low of $11.65 and a 12 month high of $22.13. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 3.92.

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

Institutional Investors Weigh In On PENN Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in PENN Entertainment during the fourth quarter valued at approximately $36,000. IFP Advisors Inc lifted its stake in shares of PENN Entertainment by 76.2% during the 4th quarter. IFP Advisors Inc now owns 2,766 shares of the company’s stock valued at $41,000 after buying an additional 1,196 shares in the last quarter. Triumph Capital Management bought a new position in PENN Entertainment in the 3rd quarter worth $54,000. Cloud Capital Management LLC bought a new position in PENN Entertainment in the 3rd quarter worth $54,000. Finally, GAMMA Investing LLC increased its stake in PENN Entertainment by 22.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,042 shares of the company’s stock worth $59,000 after buying an additional 556 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting PENN Entertainment

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.

About PENN Entertainment

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.