Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for PENN Entertainment (NASDAQ:PENN) Stock
by Danessa Lincoln · The Markets DailyPENN Entertainment (NASDAQ:PENN – Get Free Report) had its price target boosted by Deutsche Bank Aktiengesellschaft from $17.00 to $18.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 4.32% from the company’s current price.
PENN has been the subject of several other research reports. Canaccord Genuity Group reduced their price objective on shares of PENN Entertainment from $26.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Mizuho increased their target price on shares of PENN Entertainment from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, March 12th. Barclays set a $24.00 price target on shares of PENN Entertainment in a research report on Friday. Morgan Stanley upped their price target on PENN Entertainment from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Benchmark raised PENN Entertainment from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.07.
View Our Latest Analysis on PENN Entertainment
PENN Entertainment Stock Up 16.8%
PENN opened at $17.26 on Friday. The business’s 50-day simple moving average is $14.48 and its 200-day simple moving average is $14.74. PENN Entertainment has a one year low of $11.65 and a one year high of $20.60. The stock has a market capitalization of $2.30 billion, a P/E ratio of -2.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.32. 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 (NASDAQ:PENN – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.06. PENN Entertainment had a negative return on equity of 1.94% and a negative net margin of 12.11%.The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. PENN Entertainment’s revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that PENN Entertainment will post 1.01 EPS for the current year.
Institutional Trading of PENN Entertainment
Several large investors have recently modified their holdings of PENN. AQR Capital Management LLC raised its holdings in shares of PENN Entertainment by 824.3% in the fourth quarter. AQR Capital Management LLC now owns 3,499,700 shares of the company’s stock worth $51,341,000 after acquiring an additional 3,121,051 shares during the last quarter. Hill Path Capital LP increased its position in PENN Entertainment by 64.4% during the 3rd quarter. Hill Path Capital LP now owns 5,759,820 shares of the company’s stock worth $110,934,000 after purchasing an additional 2,257,000 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in PENN Entertainment in the 3rd quarter valued at about $40,537,000. Arrowstreet Capital Limited Partnership raised its stake in PENN Entertainment by 74.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,930,293 shares of the company’s stock valued at $75,697,000 after purchasing an additional 1,679,953 shares during the last quarter. Finally, Kettle Hill Capital Management LLC lifted its holdings in PENN Entertainment by 129.5% in the 4th quarter. Kettle Hill Capital Management LLC now owns 1,773,390 shares of the company’s stock valued at $26,158,000 after purchasing an additional 1,000,830 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting 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.
About PENN Entertainment
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.