Vanguard Group Inc. Sells 676,049 Shares of PENN Entertainment, Inc. $PENN

Vanguard Group Inc. reduced its holdings in PENN Entertainment, Inc. (NASDAQ:PENN) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,352,894 shares of the company’s stock after selling 676,049 shares during the quarter. Vanguard Group Inc. owned about 10.52% of PENN Entertainment worth $295,697,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Hill Path Capital LP purchased a new stake in PENN Entertainment in the second quarter worth $62,595,000. Arrowstreet Capital Limited Partnership bought a new position in PENN Entertainment in the second quarter worth about $40,214,000. Norges Bank bought a new stake in PENN Entertainment during the 2nd quarter valued at approximately $39,737,000. Hennessy Advisors Inc. purchased a new position in shares of PENN Entertainment during the 3rd quarter worth approximately $40,537,000. Finally, Hudson Bay Capital Management LP raised its position in shares of PENN Entertainment by 18.0% in the 2nd quarter. Hudson Bay Capital Management LP now owns 2,029,843 shares of the company’s stock worth $36,273,000 after acquiring an additional 308,998 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PENN has been the topic of several recent research reports. Morgan Stanley reduced their price target on PENN Entertainment from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, January 16th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 target price on shares of PENN Entertainment in a research report on Wednesday, December 24th. Citizens Jmp lowered their price target on shares of PENN Entertainment from $25.00 to $24.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Susquehanna cut their price objective on shares of PENN Entertainment from $20.00 to $17.00 and set a “positive” rating on the stock in a report on Wednesday, February 11th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PENN Entertainment in a research note on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.29.

PENN Entertainment Price Performance

Shares of NASDAQ PENN opened at $15.64 on Friday. The firm has a market cap of $2.08 billion, a P/E ratio of -2.60, a PEG ratio of 0.45 and a beta of 1.39. PENN Entertainment, Inc. has a twelve month low of $11.65 and a twelve month high of $22.13. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 3.65. The company has a 50 day moving average of $13.78 and a 200 day moving average of $15.94.

PENN Entertainment (NASDAQ:PENN) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.30. PENN Entertainment had a negative return on equity of 1.79% and a negative net margin of 12.11%.The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the business earned ($0.44) earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. As a group, research analysts expect that PENN Entertainment, Inc. will post -1.61 EPS for the current fiscal year.

More PENN Entertainment News

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

• Positive Sentiment: Q4 results beat consensus — PENN reported adjusted EPS of $0.07 (vs. a -$0.23 estimate) and revenue of $1.81B, with management citing positive momentum in interactive products and improved retail trends. PENN Entertainment (NASDAQ:PENN) Surprises With Q4 CY2025 Sales, Stock Soars
• Positive Sentiment: Management set explicit 2026 targets — the company is aiming for ~20% interactive-segment EBITDAR growth and ~$3 per share free cash flow while advancing restructuring and cost cuts, which could materially improve margins if achieved. Penn targets 20% interactive segment EBITDAR growth and $3 per share free cash flow in 2026
• Positive Sentiment: Analyst support increased — Deutsche Bank bumped its price target to $17 (maintaining a hold), signaling incremental upgrade in outlook from the Street. Deutsche Bank adjusts PENN price target to $17
• Positive Sentiment: Wells Fargo upgraded PENN from underweight to equal weight and raised its target to $16 — another signal of improving sentiment among institutional analysts. Wells Fargo upgrades PENN, raises price target
• Positive Sentiment: Market reaction to guidance and interactive progress was strong — the stock recently rallied after management outlined a double-digit growth outlook for the year. PENN Climbs on Double-Digit Growth Outlook
• Neutral Sentiment: Full earnings-call detail and transcripts are available for deeper read (useful for assessing cadence on costs, hold rates and interactive trends). Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Coverage noting PENN is “reshaping strategy after costly partnerships” and narrowing Q4 losses — indicates management is pivoting but also acknowledges past execution/partnership costs. Penn Entertainment narrows Q4 losses as bets reshape strategy
• Negative Sentiment: Legal/regulatory risk — management has flagged prediction-market litigation and is pushing for a higher-court resolution; an adverse outcome could hinder interactive growth. CEO Hopes Prediction Market Lawsuits Get to Supreme Court
• Negative Sentiment: Structural headwinds remain — PENN still reports negative net margin and negative ROE and carries elevated leverage, which could cap upside until profitability and balance-sheet metrics materially improve.

PENN Entertainment 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.