PENN Entertainment (NASDAQ:PENN) Stock Price Down 7.3% – Here’s What Happened

PENN Entertainment, Inc. (NASDAQ:PENN) traded down 7.3% during mid-day trading on Monday . The stock traded as low as $12.32 and last traded at $12.0760. Approximately 390,011 shares were traded during mid-day trading, a decline of 91% from the average session volume of 4,140,489 shares. The stock had previously closed at $13.02.

PENN Entertainment News Roundup

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

• Positive Sentiment: Settlement ends long-running boardroom battle with activist HG Vora and adds three independent directors — removes governance uncertainty and reduces takeover/proxy overhang that had pressured the stock; could support a re-rating if execution follows. PENN Entertainment announces settlement to end boardroom battle
• Positive Sentiment: Cooperation agreement with HG Vora Capital and appointment of three new independent directors — further signals alignment with activist demands and may improve governance and strategic clarity. PENN Entertainment signs cooperation agreement with HG Vora Capital
• Neutral Sentiment: Earnings release scheduled before markets tomorrow — the report is the immediate catalyst; investors will focus on EBITDA, iCasino growth, retail trends and margin impact from the ESPN Bet exit. PENN Entertainment (PENN) To Report Earnings Tomorrow: Here Is What To Expect
• Neutral Sentiment: Analyst previews expect ~5% revenue growth for Q4 driven by retail demand and iCasino momentum; key watch items are margins (benefit from exiting ESPN Bet) and operating cash flow. These previews set expectations but the stock reaction will hinge on actual results and guidance. PENN Entertainment (PENN) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
• Neutral Sentiment: Additional previews highlight iCasino momentum and margin tailwinds from the ESPN Bet exit — positive drivers but execution risk remains. Here’s What You Must Know Ahead of PENN Entertainment’s Q4 Earnings
• Negative Sentiment: Brokers’ consensus remains a “Hold” — suggests limited analyst conviction for an immediate rerating and could cap upside until the company demonstrates sustained margin improvement and debt reduction. PENN Entertainment, Inc. (NASDAQ:PENN) Given Consensus Recommendation of “Hold” by Brokerages

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PENN shares. Mizuho set a $19.00 price objective on shares of PENN Entertainment in a report on Monday, February 2nd. Wells Fargo & Company initiated coverage on PENN Entertainment in a research note on Tuesday, November 18th. They issued an “underweight” rating and a $15.00 price target on the stock. Citizens Jmp decreased their price objective on PENN Entertainment from $25.00 to $24.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of PENN Entertainment in a report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of PENN Entertainment in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PENN Entertainment has an average rating of “Hold” and an average price target of $19.67.

PENN Entertainment Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 3.65. The company has a fifty day moving average price of $13.76 and a two-hundred day moving average price of $15.96. The firm has a market cap of $1.67 billion, a P/E ratio of -1.97, a PEG ratio of 0.37 and a beta of 1.39.

Institutional Trading of PENN Entertainment

A number of institutional investors have recently modified their holdings of PENN. Hill Path Capital LP bought a new stake in PENN Entertainment in the 2nd quarter valued at approximately $62,595,000. AQR Capital Management LLC lifted its position in shares of PENN Entertainment by 824.3% in the fourth 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. Arrowstreet Capital Limited Partnership acquired a new position in PENN Entertainment during the second quarter worth $40,214,000. Norges Bank acquired a new position in PENN Entertainment during the second quarter worth $39,737,000. Finally, Hennessy Advisors Inc. bought a new position in PENN Entertainment in the third quarter valued at $40,537,000. 91.69% of the stock is currently owned by institutional investors.

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.