Wellington Management Group LLP Takes Position in PENN Entertainment, Inc. $PENN

Posted by Geri Gentry on Sep 9th, 2026

Wellington Management Group LLP bought a new position in shares of PENN Entertainment, Inc. (NASDAQ:PENN – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 406,352 shares of the company’s stock, valued at approximately $8,680,000.

Other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of PENN Entertainment during the fourth quarter worth $36,000. IFP Advisors Inc lifted 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 worth $41,000 after purchasing an additional 1,196 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of PENN Entertainment during the fourth quarter valued at approximately $47,000. Triumph Capital Management purchased a new position in PENN Entertainment during the 3rd quarter valued at about $54,000. Finally, Hantz Financial Services Inc. raised its holdings in PENN Entertainment by 385.1% in the 4th quarter. Hantz Financial Services Inc. now owns 3,721 shares of the company’s stock worth $55,000 after purchasing an additional 2,954 shares in the last quarter. Hedge funds and other institutional investors own 91.69% of the company’s stock.

PENN Entertainment Trading Down 0.7%

PENN Entertainment stock opened at $16.95 on Wednesday. PENN Entertainment, Inc. has a 12-month low of $11.65 and a 12-month high of $22.36. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -2.67, a P/E/G ratio of 0.44 and a beta of 1.38. The firm has a 50 day moving average of $19.50 and a 200 day moving average of $17.73. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 3.79.

PENN Entertainment (NASDAQ:PENN – Get Free Report) last posted its quarterly 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. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.86 billion. PENN Entertainment had a positive return on equity of 2.93% and a negative net margin of 12.66%.The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) EPS. As a group, research analysts predict that PENN Entertainment, Inc. will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

PENN has been the topic of several research reports. Morgan Stanley reissued an “underperform” rating on shares of PENN Entertainment in a research note on Wednesday, August 12th. Barclays raised their target price on shares of PENN Entertainment from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Stifel Nicolaus upped their price target on shares of PENN Entertainment from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Susquehanna raised their price objective on shares of PENN Entertainment from $24.00 to $28.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. Finally, Citizens Jmp boosted their target price on shares of PENN Entertainment from $24.00 to $26.00 and gave the company a “market outperform” rating in a research report on Thursday, July 16th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PENN Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.53.

View Our Latest Research Report on PENN Entertainment

About PENN Entertainment

(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.