<div id="readability-page-1"><p>PENN Entertainment, Inc. (NASDAQ:PENN - Get Free Report)'s stock price was up 6.8% on Thursday . The company traded as high as $18.62 and last traded at $18.58. Approximately 2,840,699 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 3,845,194 shares. The stock had previously closed at $17.40.</p><div><p><span></span><span>Get <strong>PENN Entertainment</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><ul><li>Get Ahead of the January Effect With These 2 Fintech Stocks</li></ul><p>PENN has been the subject of a number of analyst reports. Canaccord Genuity Group decreased their target price on shares of PENN Entertainment from $28.00 to $26.00 and set a &#34;buy&#34; rating for the company in a research report on Monday, May 5th. Benchmark  reissued a &#34;hold&#34; rating on shares of PENN Entertainment in a research report on Monday, May 19th. Wall Street Zen upgraded PENN Entertainment from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Monday, March 3rd. Citizens Jmp upgraded PENN Entertainment from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and set a $24.00 price target for the company in a research note on Thursday. Finally, Citigroup raised PENN Entertainment to an &#34;outperform&#34; rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and eleven have issued  a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $23.15.</p><p><b>Get Our Latest Report on PENN Entertainment</b></p><h2>PENN Entertainment Stock Up 4.5%</h2><ul><li>DraftKings Is the Real MVP of the 2025 NFL Football Season</li></ul><p>The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -29.38 and a beta of 1.56. The business's 50-day moving average is $15.72 and its 200-day moving average is $17.74. </p><p>PENN Entertainment (NASDAQ:PENN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.04. The business had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.71 billion. PENN Entertainment had a negative return on equity of 5.75% and a negative net margin of 1.28%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.76) EPS.  As a group, equities analysts predict that  PENN Entertainment, Inc. will post -1.61 earnings per share for the current year. </p><h2>Insider Transactions at PENN Entertainment</h2><ul><li>PENN Entertainment Eyes ESPN BET to Score Big in 2024 NFL Season</li></ul><p>In other PENN Entertainment news, Director David A. Handler bought 10,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of $14.83 per share, for a total transaction of $148,300.00. Following the transaction, the director now directly owns 322,941 shares of the company's stock, valued at approximately $4,789,215.03. The trade was a 3.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jay A. Snowden purchased 34,000 shares of PENN Entertainment stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $14.70 per share, with a total value of $499,800.00. Following the acquisition, the chief executive officer now directly owns 1,082,625 shares in the company, valued at $15,914,587.50. This trade represents a 3.24% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own  2.67% of the company's stock. </p><h2>Institutional Investors Weigh In On PENN Entertainment</h2><p>A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in  PENN Entertainment by 54.6% during the first quarter. Invesco Ltd. now owns 6,002,749 shares of the company's stock valued at $97,905,000 after purchasing an additional 2,120,740 shares in the last quarter.  DME Capital Management LP lifted its stake in  PENN Entertainment by 2.3% in the 4th quarter. DME Capital Management LP now owns 5,748,440 shares of the company's stock valued at $113,934,000 after buying an additional 127,670 shares in the last quarter.  Geode Capital Management LLC boosted its holdings in  PENN Entertainment by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 2,500,342 shares of the company's stock worth $49,572,000 after buying an additional 152,791 shares during the last quarter.  Invenomic Capital Management LP increased its stake in  PENN Entertainment by 87.8% during the 1st quarter. Invenomic Capital Management LP now owns 1,859,112 shares of the company's stock worth $30,322,000 after buying an additional 869,347 shares in the last quarter.  Finally, Kettle Hill Capital Management LLC raised its holdings in shares of  PENN Entertainment by 43.1% during the fourth quarter. Kettle Hill Capital Management LLC now owns 1,801,787 shares of the company's stock valued at $35,711,000 after acquiring an additional 542,585 shares during the last quarter. Institutional investors and hedge funds own  91.69% of the company's stock. </p><h2>PENN Entertainment Company Profile</h2> (Get Free Report)<p>PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than PENN Entertainment</li><li>REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today</li><li>Astera Labs: AI Infrastructure Play With Significant Growth Ahead</li><li>What Do S&amp;P 500 Stocks Tell Investors About the Market? </li><li>Is IBM’s AI Transformation Powering a Sustained Rally?</li><li>How to Calculate Options Profits</li><li>NVIDIA’s Stock Price Hits New Highs: This Is What’s Next</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PENN Entertainment Right Now?</h2><p>Before you consider PENN Entertainment, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PENN Entertainment wasn't on the list.</p><p>While PENN Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PENN

<p>PENN Entertainment's stock rose 6.8% to $18.58, with 2.84 million shares traded. Analysts have mixed ratings, with a consensus of "Moderate Buy" and a target price of $23.15. The company reported a quarterly EPS of -$0.25, beating estimates, but revenue was slightly below expectations. Insider purchases were noted, with significant shares bought by the CEO and a director. Institutional investors have increased their stakes, indicating growing interest in the company.</p>

PENN Entertainment (NASDAQ:PENN) Trading Up 6.8% - Time to Buy?