PENN Entertainment (NASDAQ:PENN) Upgraded by Wells Fargo & Company to “Equal Weight” Rating

PENN Entertainment (NASDAQ:PENN) was upgraded by research analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research note issued on Friday,Benzinga reports. The brokerage currently has a $16.00 price objective on the stock, up from their previous price objective of $15.00. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.29% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Citizens Jmp dropped their price objective on shares of PENN Entertainment from $25.00 to $24.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Canaccord Genuity Group reduced their target price on shares of PENN Entertainment from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Mizuho set a $19.00 price target on PENN Entertainment in a research note on Monday, February 2nd. Stifel Nicolaus raised shares of PENN Entertainment from a “hold” rating to a “buy” rating and increased their price target for the company from $19.00 to $21.00 in a research report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PENN Entertainment from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.73.

PENN Entertainment Stock Performance

Shares of PENN opened at $14.64 on Friday. PENN Entertainment has a 12-month low of $11.65 and a 12-month high of $22.13. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 3.65. The company has a market cap of $1.95 billion, a PE ratio of -2.31, a price-to-earnings-growth ratio of 0.39 and a beta of 1.39. The stock has a 50-day moving average price of $13.76 and a 200-day moving average price of $15.95.

PENN Entertainment (NASDAQ:PENN) last announced its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.30. PENN Entertainment had a negative net margin of 13.24% and a negative return on equity of 4.59%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm posted ($0.44) earnings per share. PENN Entertainment’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that PENN Entertainment will post -1.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PENN. Caxton Associates LLP bought a new stake in PENN Entertainment in the first quarter worth $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 worth $5,620,000 after purchasing an additional 79,978 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in PENN Entertainment by 13.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,800 shares of the company’s stock worth $354,000 after purchasing an additional 2,401 shares in the last quarter. Envestnet Asset Management Inc. grew its position in PENN Entertainment by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 346,847 shares of the company’s stock valued at $6,198,000 after purchasing an additional 5,486 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in PENN Entertainment during the 2nd quarter valued at about $2,361,000. Institutional investors own 91.69% of the company’s stock.

Trending Headlines about PENN Entertainment

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

• Positive Sentiment: Q4 results beat expectations — PENN posted adjusted EPS of $0.07 vs. consensus near a loss and revenue of $1.81B (up ~8% YoY), which investors viewed as a clean upside surprise. Q4 beat article
• Positive Sentiment: Management set constructive 2026 targets — PENN is targeting ~20% interactive-segment EBITDAR growth and ~$3 per share free cash flow for 2026 while advancing restructuring and cost optimization, giving investors a clearer pathway to profitability. Guidance article
• Positive Sentiment: Interactive segment momentum — theScore Bet rebrand and disciplined cost actions produced positive adjusted EBITDA in December and stronger iCasino performance post-ESPN Bet exit, signaling healthier online margins. Interactive segment article
• Neutral Sentiment: Earnings call details and analyst write-ups — full Q4 earnings call transcript and multiple summaries are available for investors digging into segment-level metrics and management commentary. Earnings transcript
• Neutral Sentiment: Local coverage notes “changes brewing” — regional reporting highlights management/operational changes but provides limited incremental detail for investors; follow corporate disclosures for confirmation. Local changes article
• Negative Sentiment: Balance sheet and profitability remain concerns — PENN still shows high leverage and a weak current ratio, with negative GAAP margins and analysts modeling a negative full-year EPS, so upside depends on execution against targets. Press release
• Negative Sentiment: Regulatory/legal risk — management is publicly pushing for quick resolution of prediction-market lawsuits (hoping for Supreme Court review), which adds directional legal/regulatory uncertainty for parts of the business. Legal risk article

PENN Entertainment Company Profile

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.