Dimensional Fund Advisors LP Trims Stock Position in PENN Entertainment, Inc. $PENN

Dimensional Fund Advisors LP reduced its position in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,065,355 shares of the company's stock after selling 77,326 shares during the period. Dimensional Fund Advisors LP owned 0.80% of PENN Entertainment worth $16,004,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of PENN Entertainment during the 4th quarter worth about $36,000. IFP Advisors Inc lifted its holdings in shares of 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 in the last quarter. Modus Advisors LLC acquired a new position in shares of PENN Entertainment during the 4th quarter valued at $47,000. Triumph Capital Management purchased a new stake in PENN Entertainment during the 3rd quarter worth $54,000. Finally, Hantz Financial Services Inc. boosted its position in PENN Entertainment by 385.1% during the 4th quarter. Hantz Financial Services Inc. now owns 3,721 shares of the company's stock worth $55,000 after purchasing an additional 2,954 shares during the period. 91.69% of the stock is currently owned by hedge funds and other institutional investors.

PENN Entertainment Stock Up 0.2%

Shares of PENN stock opened at $20.18 on Friday. PENN Entertainment, Inc. has a 1 year low of $11.65 and a 1 year high of $22.36. The company has a debt-to-equity ratio of 3.94, a quick ratio of 0.82 and a current ratio of 0.82. The business's fifty day moving average is $20.78 and its 200-day moving average is $16.97. The stock has a market cap of $2.70 billion, a PE ratio of -3.17, a price-to-earnings-growth ratio of 0.38 and a beta of 1.43.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. PENN Entertainment had a positive return on equity of 2.93% and a negative net margin of 12.66%.The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the business posted ($0.12) earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts expect that PENN Entertainment, Inc. will post 1.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PENN has been the topic of several recent research reports. Barclays boosted their price target on PENN Entertainment from $24.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Bank of America raised their price target on shares of PENN Entertainment from $18.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Benchmark lifted their price target on shares of PENN Entertainment from $21.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday. The Goldman Sachs Group started coverage on PENN Entertainment in a research note on Friday, June 26th. They issued a "buy" rating and a $26.00 price target on the stock. Finally, Mizuho set a $28.00 price target on shares of PENN Entertainment in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.35.

Key Stories Impacting PENN Entertainment

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

• Positive Sentiment: Benchmark raises rating and price target: Benchmark Co. lifted its price target from $21 to $22 and upgraded PENN to “Buy,” implying further upside from recent trading levels. Benzinga analyst rating report
• Positive Sentiment: Quarterly earnings beat expectations: PENN reported second-quarter adjusted earnings of $0.44 per share, ahead of estimates ranging from $0.35 to $0.37 and well above the prior-year result. Revenue of $1.86 billion was in line with expectations but increased 5.2% year over year. PENN tops Q2 earnings and revenue estimates
• Positive Sentiment: Improved outlook: Management is targeting more than 20% growth in 2026 adjusted EBITDAR and raised its retail revenue guidance to $5.87 billion, signaling confidence in casino demand and operating performance. PENN raises 2026 guidance
• Positive Sentiment: Broad-based casino demand: Reports characterized the quarter as showing improved profits and resilient demand across PENN’s casino operations. The company was also included in Zacks’ Rank #1 “Strong Buy” growth-stock list. Improved profits amid casino demand
• Neutral Sentiment: Revenue was merely in line: Although earnings exceeded forecasts, quarterly sales matched consensus estimates, limiting the size of the positive surprise. PENN sales in line with estimates
• Negative Sentiment: Prediction-market competition is a risk: PENN expects an “arms race” in prediction markets this fall while maintaining its current strategy, potentially increasing marketing costs and competitive pressure. PENN prediction-market competition

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.

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