J. Goldman & Co LP Takes Position in PENN Entertainment, Inc. $PENN

Posted by on Aug 26th, 2026

J. Goldman & Co LP bought a new position in shares of PENN Entertainment, Inc. (NASDAQ:PENN – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 146,901 shares of the company’s stock, valued at approximately $3,138,000.

Other large investors have also recently bought and sold shares of the company. Ieq Capital LLC bought a new position in shares of PENN Entertainment in the second quarter worth $3,190,000. Assenagon Asset Management S.A. grew its position in PENN Entertainment by 47.6% during the second quarter. Assenagon Asset Management S.A. now owns 180,310 shares of the company’s stock worth $3,851,000 after buying an additional 58,174 shares in the last quarter. Whitebox Advisors LLC bought a new position in PENN Entertainment in the 1st quarter worth about $737,000. Sequoia Financial Advisors LLC bought a new position in PENN Entertainment in the 4th quarter worth about $6,376,000. Finally, Seven Six Capital Management LLC raised its holdings in shares of PENN Entertainment by 61.1% in the 1st quarter. Seven Six Capital Management LLC now owns 258,700 shares of the company’s stock valued at $3,888,000 after acquiring an additional 98,100 shares in the last quarter. 91.69% of the stock is owned by institutional investors.

PENN Entertainment Stock Down 2.8%

Shares of NASDAQ PENN opened at $17.75 on Wednesday. PENN Entertainment, Inc. has a 12-month low of $11.65 and a 12-month high of $22.36. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 3.79. The firm’s 50-day moving average price is $20.32 and its 200-day moving average price is $17.42. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -2.79, a P/E/G ratio of 0.47 and a beta of 1.43.

PENN Entertainment (NASDAQ:PENN – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. PENN Entertainment had a positive return on equity of 2.93% and a negative net margin of 12.66%.The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business earned ($0.12) EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that PENN Entertainment, Inc. will post 1.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PENN. Zacks Research cut shares of PENN Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Stifel Nicolaus increased their price target on shares of PENN Entertainment from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Morgan Stanley restated an “underperform” rating on shares of PENN Entertainment in a research report on Wednesday, August 12th. Truist Financial upped their target price on shares of PENN Entertainment from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Citigroup reissued a “market outperform” rating on shares of PENN Entertainment in a research note on Tuesday, August 18th. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.53.

Read Our Latest Stock Analysis on PENN

PENN Entertainment Profile

(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.

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Institutional Ownership by Quarter for PENN Entertainment (NASDAQ:PENN)

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