PENN Entertainment (NASDAQ:PENN) Upgraded to Strong-Buy at Zacks Research

Posted by Brenda Bartman on Jul 15th, 2026

Zacks Research upgraded shares of PENN Entertainment (NASDAQ:PENN – Free Report) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Barclays raised their price target on PENN Entertainment from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PENN Entertainment in a report on Wednesday, June 24th. Jefferies Financial Group reiterated a “hold” rating on shares of PENN Entertainment in a research report on Thursday, July 2nd. The Goldman Sachs Group initiated coverage on shares of PENN Entertainment in a research report on Friday, June 26th. They set a “buy” rating and a $26.00 price target on the stock. Finally, Morgan Stanley upped their price target on shares of PENN Entertainment from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.19.

Read Our Latest Stock Report on PENN

PENN Entertainment Stock Performance

Shares of NASDAQ PENN opened at $20.18 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.94. The stock has a 50 day simple moving average of $19.42 and a 200-day simple moving average of $16.21. The company has a market cap of $2.70 billion, a PE ratio of -3.00, a P/E/G ratio of 0.65 and a beta of 1.42. PENN Entertainment has a 12-month low of $11.65 and a 12-month high of $22.36.

PENN Entertainment (NASDAQ:PENN – Get Free Report) last posted its earnings results on Thursday, April 23rd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. PENN Entertainment had a positive return on equity of 0.44% and a negative net margin of 13.55%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. On average, equities research analysts forecast that PENN Entertainment will post 1.02 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PENN. Treasurer of the State of North Carolina raised its position in shares of PENN Entertainment by 1.1% during the second quarter. Treasurer of the State of North Carolina now owns 69,676 shares of the company’s stock worth $1,245,000 after purchasing an additional 745 shares during the period. GAMMA Investing LLC grew its position in shares of PENN Entertainment by 19.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock valued at $118,000 after purchasing an additional 895 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of PENN Entertainment by 3.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,730 shares of the company’s stock valued at $394,000 after purchasing an additional 922 shares during the period. IFP Advisors Inc increased its stake in PENN Entertainment by 76.2% during the 4th quarter. IFP Advisors Inc now owns 2,766 shares of the company’s stock worth $41,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in PENN Entertainment by 8.1% during the 2nd quarter. Tidal Investments LLC now owns 19,689 shares of the company’s stock worth $352,000 after purchasing an additional 1,483 shares in the last quarter. 91.69% of the stock is owned by institutional investors and hedge funds.

PENN Entertainment Company Profile

(Get Free Report)

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.