JPMorgan Chase & Co. Issues Positive Forecast for PENN Entertainment (NASDAQ:PENN) Stock Price

PENN Entertainment (NASDAQ:PENN) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $22.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 38.01% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on PENN. Susquehanna dropped their price target on PENN Entertainment from $20.00 to $17.00 and set a “positive” rating on the stock in a research note on Wednesday, February 11th. Wells Fargo & Company increased their price target on PENN Entertainment from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Barclays set a $24.00 price target on PENN Entertainment in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on PENN Entertainment from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Canaccord Genuity Group lowered their price objective on PENN Entertainment from $26.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. Eight 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 stock. Based on data from MarketBeat.com, PENN Entertainment presently has a consensus rating of “Hold” and an average target price of $20.14.

PENN Entertainment Stock Down 3.4%

Shares of PENN Entertainment stock traded down $0.60 on Friday, reaching $16.67. 4,217,867 shares of the company were exchanged, compared to its average volume of 4,423,090. PENN Entertainment has a one year low of $11.65 and a one year high of $20.60. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -2.77, a PEG ratio of 0.48 and a beta of 1.32. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 3.92. The company has a 50-day moving average of $14.48 and a 200 day moving average of $14.74.

PENN Entertainment (NASDAQ:PENN) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. PENN Entertainment had a negative return on equity of 1.94% and a negative net margin of 12.11%.The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that PENN Entertainment will post 1.01 earnings per share for the current year.

Institutional Trading of PENN Entertainment

Several large investors have recently modified their holdings of the stock. Shapiro Capital Management LLC grew its holdings in shares of PENN Entertainment by 6.6% during the 3rd quarter. Shapiro Capital Management LLC now owns 6,856,778 shares of the company’s stock worth $132,062,000 after purchasing an additional 425,190 shares in the last quarter. Hill Path Capital LP grew its holdings in shares of PENN Entertainment by 64.4% during the 3rd quarter. Hill Path Capital LP now owns 5,759,820 shares of the company’s stock worth $110,934,000 after purchasing an additional 2,257,000 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of PENN Entertainment by 74.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,930,293 shares of the company’s stock worth $75,697,000 after purchasing an additional 1,679,953 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of PENN Entertainment by 824.3% during the 4th quarter. AQR Capital Management LLC now owns 3,499,700 shares of the company’s stock worth $51,341,000 after purchasing an additional 3,121,051 shares in the last quarter. Finally, Armistice Capital LLC grew its holdings in shares of PENN Entertainment by 47.2% during the 4th quarter. Armistice Capital LLC now owns 3,096,000 shares of the company’s stock worth $45,666,000 after purchasing an additional 992,334 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

PENN Entertainment News Roundup

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

• Positive Sentiment: Q1 results beat consensus — EPS $0.11 vs $0.05 est and revenue $1.78B (up 6.4% YoY); the beat and better visitation helped lift short‑term optimism. PENN Entertainment tops earnings estimates
• Positive Sentiment: Interactive segment is materially improving — losses narrowed sharply (roughly -$89M to -$10M YoY), signaling the online business may be approaching breakeven. Analysts and bulls view this as an inflection point for future margins and valuation. PENN Entertainment: The Inflection Point Is Here
• Positive Sentiment: Brick‑and‑mortar catalysts: the M Resort tower opening boosted Q1 results and management says select physical projects can deliver >15% cash‑on‑cash returns, supporting meaningful incremental cash flow. That supports the case for free‑cash‑flow upside. M Resort tower’s December opening boosts 1st-quarter earnings for Penn Entertainment
• Positive Sentiment: Analyst bullishness: Stifel raised its price target to $23 and maintained a Buy rating, signaling sizable upside in some sell‑side models. Benzinga
• Neutral Sentiment: Deutsche Bank raised its price target to $18 but kept a Hold rating — a modest nod to progress but not a full endorsement. MarketScreener
• Neutral Sentiment: Management’s 2026 outlook keeps interactive as a modest loss (forecasted adjusted EBITDA loss of ~$20M) as new markets (Alberta) roll out — better than large losses but still a drag near‑term. Seeking Alpha
• Negative Sentiment: Structural weaknesses remain — negative net margin and return on equity plus elevated leverage raise execution and balance‑sheet risk; these factors limit valuation multiple expansion until cash flow and leverage clearly improve. Zacks: Q1 key metrics

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.