PENN Entertainment, Inc. $PENN Position Increased by Cwm LLC

Key Points

• Cwm LLC boosted its PENN stake by 1,055.9% in Q4 to 92,056 shares (~$1.36M), and institutional investors now own about 91.7% of the stock.
• Multiple brokers (Mizuho, JPMorgan, Stifel, Barclays) raised targets to roughly $23–$24 and issued buy/overweight calls, though the consensus rating remains "Hold" with a target of $20.21.
• PENN topped Q1 estimates (EPS $0.11 vs. $0.05 est.; revenue $1.78B) indicating operational improvement, but risks remain from high leverage (debt-to-equity ~3.92) and a negative net margin.

Cwm LLC increased its stake in shares of PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 1,055.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,056 shares of the company's stock after buying an additional 84,092 shares during the quarter. Cwm LLC owned about 0.07% of PENN Entertainment worth $1,358,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hill Path Capital LP boosted its stake 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 valued at $110,934,000 after purchasing an additional 2,257,000 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of PENN Entertainment in the third quarter valued at approximately $40,537,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of PENN Entertainment by 74.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,930,293 shares of the company's stock valued at $75,697,000 after buying an additional 1,679,953 shares during the last quarter. Amundi raised its holdings in shares of PENN Entertainment by 3,058.9% during the third quarter. Amundi now owns 781,949 shares of the company's stock valued at $14,458,000 after buying an additional 757,195 shares during the last quarter. Finally, Armistice Capital LLC boosted its position in shares of PENN Entertainment by 48.8% during the third quarter. Armistice Capital LLC now owns 2,103,666 shares of the company's stock worth $40,517,000 after buying an additional 690,078 shares during the period. 91.69% of the stock is currently owned by institutional investors.

Key Stories Impacting PENN Entertainment

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

• Positive Sentiment: Mizuho raised its price target to $23 and maintained an "outperform" call, implying ~33% upside from current levels. Article Title TickerReport
• Positive Sentiment: JPMorgan bumped its target to $23 and moved to "overweight" — another institutional vote of confidence that can support upside momentum. Article Title
• Positive Sentiment: Stifel raised its target to $23 and kept a "buy" rating, joining other brokers in signaling meaningful upside. Article Title The Fly
• Positive Sentiment: PENN reported a Q1 beat (EPS $0.11 vs. $0.05 est.; revenue $1.78B vs. $1.74B), with Interactive losses narrowing sharply and retail trends aided by the M Resort tower opening — evidence of operational improvement. Press Release Yahoo
• Neutral Sentiment: Deutsche Bank nudged its target to $18 and kept a "hold" rating — a less bullish view that tempers the unanimous upgrade narrative. MarketScreener
• Neutral Sentiment: Management reiterated an improving Interactive outlook (2026 interactive adjusted EBITDA loss guided to ~$20M) and highlighted retail strength from Alberta and property openings — supports the recovery thesis but is conditional on execution. Seeking Alpha
• Negative Sentiment: Analyst caution and a bearish Seeking Alpha piece emphasize elevated leverage, a regional asset base they consider lower quality, and a valuation premium versus peers — risks that could cap the multiple until leverage meaningfully improves. Seeking Alpha
• Negative Sentiment: Financial metrics remain a concern: negative net margin and return on equity plus a high debt-to-equity ratio keep balance-sheet risk top of mind for investors despite operational gains (see company metrics). MarketBeat

Analysts Set New Price Targets

A number of brokerages recently issued reports on PENN. Mizuho increased their price objective on PENN Entertainment from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday. Weiss Ratings reiterated a "sell (d-)" rating on shares of PENN Entertainment in a research report on Friday, March 27th. JPMorgan Chase & Co. increased their price target on PENN Entertainment from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Friday. Benchmark raised PENN Entertainment from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a report on Thursday, March 5th. Finally, Barclays lifted their price objective on shares of PENN Entertainment from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.21.

PENN Entertainment Price Performance

NASDAQ PENN opened at $17.24 on Monday. PENN Entertainment, Inc. has a 12 month low of $11.65 and a 12 month high of $20.60. The firm has a market capitalization of $2.30 billion, a PE ratio of -2.57, a P/E/G ratio of 0.58 and a beta of 1.32. The company's 50 day simple moving average is $14.59 and its 200 day simple moving average is $14.69. The company has a debt-to-equity ratio of 3.92, a current ratio of 0.79 and a quick ratio of 0.79.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.06. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. PENN Entertainment had a positive return on equity of 0.42% and a negative net margin of 13.55%.The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, equities research analysts forecast that PENN Entertainment, Inc. will post 0.98 EPS for the current fiscal year.

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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