Brokerages Set PENN Entertainment, Inc. (NASDAQ:PENN) Price Target at $19.67

Shares of PENN Entertainment, Inc. (NASDAQ:PENN) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.2857.

A number of analysts have recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of PENN Entertainment in a research note on Monday, December 1st. Wells Fargo & Company raised shares of 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 note on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of PENN Entertainment in a research note on Monday, December 29th. Stifel Nicolaus raised shares of PENN Entertainment from a “hold” rating to a “buy” rating and raised their price target for the company from $19.00 to $21.00 in a report on Friday, November 7th. Finally, Morgan Stanley reduced their price objective on PENN Entertainment from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, January 16th.

Institutional Trading of PENN Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PENN. Hill Path Capital LP acquired a new position in PENN Entertainment during the 2nd quarter valued at about $62,595,000. AQR Capital Management LLC lifted its holdings in PENN Entertainment by 824.3% in the fourth quarter. AQR Capital Management LLC now owns 3,499,700 shares of the company’s stock valued at $51,341,000 after buying an additional 3,121,051 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in PENN Entertainment in the second quarter valued at approximately $40,214,000. Norges Bank acquired a new stake in PENN Entertainment during the 2nd quarter worth $39,737,000. Finally, Hennessy Advisors Inc. acquired a new stake in PENN Entertainment during the 3rd quarter worth $40,537,000. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Key PENN Entertainment News

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 Price Performance

Shares of PENN Entertainment stock opened at $15.64 on Wednesday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -2.60, a P/E/G ratio of 0.48 and a beta of 1.33. The firm’s 50-day moving average price is $13.78 and its two-hundred day moving average price is $15.92. 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 has a 1-year low of $11.65 and a 1-year high of $22.13.

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

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.