Brokerages Set PENN Entertainment, Inc. (NASDAQ:PENN) PT at $22.78

Posted by Stanley Muller on Jul 30th, 2026

Shares of PENN Entertainment, Inc. (NASDAQ:PENN – Get Free Report) have been assigned an average rating of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.7778.

A number of analysts have weighed in on PENN shares. Citizens Jmp increased their price target on shares of PENN Entertainment from $24.00 to $26.00 and gave the company a “market outperform” rating in a report on Thursday, July 16th. Mizuho boosted their price objective on shares of PENN Entertainment from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Citigroup raised shares of PENN Entertainment from a “hold” rating to an “overweight” rating in a research report on Thursday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of PENN Entertainment in a research note on Thursday, July 2nd. Finally, Susquehanna lifted their target price on PENN Entertainment from $24.00 to $28.00 and gave the stock a “positive” rating in a research report on Wednesday, July 1st.

Check Out Our Latest Analysis on PENN Entertainment

Institutional Trading of PENN Entertainment

Several institutional investors have recently modified their holdings of PENN. Caxton Associates LLP bought a new position in PENN Entertainment in the first quarter worth $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in PENN Entertainment by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 344,565 shares of the company’s stock valued at $5,620,000 after buying an additional 79,978 shares during the period. Russell Investments Group Ltd. raised its stake in shares of PENN Entertainment by 6.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 64,280 shares of the company’s stock valued at $1,150,000 after buying an additional 4,011 shares in the last quarter. First Trust Advisors LP raised its stake in shares of PENN Entertainment by 169.6% in the 2nd quarter. First Trust Advisors LP now owns 94,575 shares of the company’s stock valued at $1,690,000 after buying an additional 59,489 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of PENN Entertainment by 80.2% during the 2nd quarter. Marshall Wace LLP now owns 386,871 shares of the company’s stock worth $6,913,000 after acquiring an additional 172,158 shares during the period. Institutional investors and hedge funds own 91.69% of the company’s stock.

PENN Entertainment Stock Up 0.6%

PENN opened at $21.20 on Friday. The business has a 50 day moving average of $20.46 and a 200-day moving average of $16.70. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of -3.15, a P/E/G ratio of 0.40 and a beta of 1.42. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.94. PENN Entertainment has a 1-year low of $11.65 and a 1-year high of $22.36.

About PENN Entertainment

(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.