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

PENN Entertainment (NASDAQ:PENN) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $22.00 to $23.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 38.01% from the stock’s current price.

A number of other analysts have also commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of PENN Entertainment in a research note on Friday, March 27th. Susquehanna cut 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. Canaccord Genuity Group cut their price target on PENN Entertainment from $26.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Morgan Stanley lifted their price target on PENN Entertainment from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Stifel Nicolaus lifted their price target on PENN Entertainment from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.14.

PENN Entertainment Price Performance

NASDAQ:PENN traded down $0.60 during trading hours on Friday, hitting $16.67. The company’s stock had a trading volume of 4,217,867 shares, compared to its average volume of 4,423,090. The stock has a fifty day simple moving average of $14.48 and a 200-day simple moving average of $14.74. The company has a market capitalization of $2.23 billion, a P/E ratio of -2.77, a PEG ratio of 0.48 and a beta of 1.32. 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 has a twelve month low of $11.65 and a twelve month high of $20.60.

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

Institutional Investors Weigh In On PENN Entertainment

A number of hedge funds have recently added to or reduced their stakes in the business. Shapiro Capital Management LLC increased its holdings in PENN Entertainment by 6.6% in the third 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 increased its holdings in PENN Entertainment by 64.4% in the third 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 increased its holdings in PENN Entertainment by 74.7% in the third 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 increased 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 worth $51,341,000 after purchasing an additional 3,121,051 shares in the last quarter. Finally, Armistice Capital LLC increased its holdings in PENN Entertainment by 47.2% in the fourth 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 currently owned by institutional investors.

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.