Deutsche Bank Aktiengesellschaft Issues Positive Forecast for PENN Entertainment (NASDAQ:PENN) Stock Price

PENN Entertainment (NASDAQ:PENN) had its price target increased by investment analysts at Deutsche Bank Aktiengesellschaft from $17.00 to $18.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 4.32% from the stock’s current price.

PENN has been the topic of a number of other research reports. Canaccord Genuity Group dropped their price objective on shares of PENN Entertainment from $26.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Morgan Stanley raised their price target on shares of PENN Entertainment from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Wells Fargo & Company lifted their price target on shares of PENN Entertainment from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Finally, Mizuho upped their price objective on shares of PENN Entertainment from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, March 12th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.07.

PENN Entertainment Trading Up 16.8%

Shares of PENN opened at $17.26 on Friday. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.79 and a current ratio of 0.79. PENN Entertainment has a fifty-two week low of $11.65 and a fifty-two week high of $20.60. The company has a market capitalization of $2.30 billion, a PE ratio of -2.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.32. The stock has a fifty day moving average of $14.48 and a two-hundred day moving average of $14.74.

PENN Entertainment (NASDAQ:PENN) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. PENN Entertainment had a negative return on equity of 1.94% and a negative net margin of 12.11%.PENN Entertainment’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. As a group, analysts forecast that PENN Entertainment will post 1.01 EPS for the current year.

Hedge Funds Weigh In On PENN Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in PENN. Quarry LP acquired a new stake in shares of PENN Entertainment during the fourth quarter worth approximately $36,000. IFP Advisors Inc boosted its stake in PENN Entertainment by 76.2% during the 4th quarter. IFP Advisors Inc now owns 2,766 shares of the company’s stock valued at $41,000 after acquiring an additional 1,196 shares during the last quarter. Triumph Capital Management bought a new position in PENN Entertainment during the 3rd quarter valued at $54,000. Cloud Capital Management LLC acquired a new position in PENN Entertainment during the 3rd quarter worth $54,000. Finally, GAMMA Investing LLC grew its holdings in PENN Entertainment by 22.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,042 shares of the company’s stock worth $59,000 after acquiring an additional 556 shares in the last quarter. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about PENN Entertainment

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.

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.