PENN Entertainment (NASDAQ:PENN) Price Target Raised to $23.00 at Stifel Nicolaus

PENN Entertainment (NASDAQ:PENN) had its target price increased by Stifel Nicolaus from $22.00 to $23.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 33.29% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft increased their price target on PENN Entertainment from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Morgan Stanley upped their price objective on shares of PENN Entertainment from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Wells Fargo & Company raised their target price on PENN Entertainment from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Citigroup boosted their price target on shares of PENN Entertainment from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded PENN Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.07.

PENN Entertainment Stock Up 16.8%

Shares of PENN Entertainment stock opened at $17.26 on Friday. PENN Entertainment has a 1 year low of $11.65 and a 1 year high of $20.60. The firm’s 50-day moving average is $14.48 and its two-hundred day moving average is $14.74. The company has a debt-to-equity ratio of 3.92, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -2.87, a PEG ratio of 0.48 and a beta of 1.32.

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

Hedge Funds Weigh In On PENN Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in PENN Entertainment during the 4th quarter worth $36,000. IFP Advisors Inc increased its stake in PENN Entertainment by 76.2% in the fourth quarter. IFP Advisors Inc now owns 2,766 shares of the company’s stock valued at $41,000 after purchasing an additional 1,196 shares during the last quarter. Triumph Capital Management acquired a new stake in PENN Entertainment during the 3rd quarter worth $54,000. Cloud Capital Management LLC acquired a new stake in shares of PENN Entertainment during the third quarter worth about $54,000. Finally, GAMMA Investing LLC increased its position in PENN Entertainment by 22.4% during the third quarter. GAMMA Investing LLC now owns 3,042 shares of the company’s stock worth $59,000 after buying an additional 556 shares during the period. Hedge funds and other institutional investors own 91.69% of the company’s stock.

More PENN Entertainment News

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

• Positive Sentiment: Q1 beat on both EPS and revenue — PENN reported $0.11 EPS vs. $0.05 consensus and roughly $1.78B in revenue (above estimates), demonstrating a recovery vs. the prior year and supporting the bullish reaction. Read More.
• Positive Sentiment: Property improvements are lifting visitation and spend — the December opening of the new M Resort tower drove higher visitation and helped Q1 results, underscoring the impact of capital projects on operating performance. Read More.
• Positive Sentiment: Retail and online positioning gains are translating into YoY revenue growth — brand changes online plus retail spikes were highlighted as drivers of the quarter’s revenue increase. Read More.
• Neutral Sentiment: Management commentary and the full earnings‑call transcript provide more color on operating trends and timing for retail/interactive growth; investors should watch the slide deck and guidance details for assumptions behind the retail midpoint and Alberta launch. Read More.
• Neutral Sentiment: Some headlines framed results differently (e.g., “tops EPS despite revenue shortfall”), reflecting differences in which benchmarks (street estimates vs. company guidance or seasonal comps) outlets emphasize — expect mixed interpretations in near‑term trading. Read More.
• Negative Sentiment: Guidance flag: PENN forecasted a 2026 interactive adjusted EBITDA loss of about $20M as it ramps the Alberta launch — this near‑term EBITDA drag and investment in interactive could pressure margins and investor sentiment. Read More.
• Negative Sentiment: Balance‑sheet and profitability metrics remain a caution — PENN carries relatively high leverage and reported negative net margin/ROE, which could amplify downside if macro or visitation trends weaken.

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.