Susquehanna Reiterates Buy Rating for PENN Entertainment
Susquehanna maintains its buy rating for PENN Entertainment with a $28 price target, a 29.69% upside from the current price.
Key Points
- Susquehanna reiterated a buy rating for PENN Entertainment, setting a price target of $28.
- Susquehanna's $28 price target implies 29.69% upside from PENN Entertainment, Inc.'s ($PENN) current $21.59 share price.
- PENN Entertainment's shares traded near $21.36 on Wednesday, with a market cap of $2.86 billion.
- Several insiders, including CEO Jay Snowden, made stock transactions in March 2026.
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Susquehanna has reiterated its buy rating for PENN Entertainment, Inc. (NasdaqGS: PENN), maintaining a price target of $28. Analyst Joseph Stauff announced the decision on July 1, 2026, highlighting continued confidence in the company's prospects.
Susquehanna vs. the S&P 500
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Other Institutional Activity in PENN Entertainment
BlackRock, Inc. grew its holdings by 284,600 shares, ending with 15,693,280 shares valued at about $235.87 million. Vanguard Portfolio Management LLC opened a new position, acquiring 8,368,971 shares worth approximately $125.79 million. Meanwhile, DME Capital Management, LP maintained its position with 6,044,440 shares valued at $90.85 million. Hill Path Capital LP also held steady with 5,759,820 shares worth $86.57 million. HG Vora Capital Management, LLC reduced its stake by 575,000 shares, holding 5,675,000 shares valued at $85.30 million.
PENN Entertainment, Inc. Stock Up 24.4%
Shares of NasdaqGS:PENN traded near $21.36 on Wednesday. PENN Entertainment has a market cap of approximately $2.86 billion, with a forward P/E ratio of 13.6 and a beta of 1.454. The stock's 52-week range spans from $11.65 to $22.36, with a 50-day moving average of $18.42 and a 200-day moving average of $16.04. The company's current ratio is 0.82, quick ratio is 0.67, and debt-to-equity ratio stands at 614.49.
$PENN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
PENN Entertainment reported revenues of $7.07 billion, reflecting a growth rate of 6.4%. Despite this, the company posted a net margin of -13.5% and a return on equity of -40.1%. The next earnings report is expected on August 6, 2026.
Insider Buying and Selling at PENN Entertainment, Inc.
On March 10, 2026, CEO and President Jay Snowden purchased 92,968 shares and sold 108,063 shares, with the sales occurring at an average price of $14.70. Other insiders, including Jeffrey Fox, Fabio Schiavolin, and Heather Ace, also made transactions in early March 2026.
Analysts Set New Price Targets
On July 1, 2026, Susquehanna maintained a buy rating with a $28 price target. Previously, on June 26, 2026, Goldman Sachs initiated coverage with a buy rating and a $26 target. Truist Securities also maintained a buy rating on the same day, setting a $25 target. Overall, the consensus among 19 analysts is a buy rating with a mean price target of $21.63.
About PENN Entertainment
PENN Entertainment, Inc., headquartered in Wyomissing, Pennsylvania, is a leading provider of integrated entertainment, sports content, and casino gaming experiences. The company operates a diverse portfolio of properties, including casinos and racetracks, and offers online sports betting and gaming through its brands such as theScore Bet and Hollywood Casino. Founded in 1972 and led by CEO Jay A. Snowden, PENN employs over 23,000 people and continues to expand its reach in the gaming industry.
Bottom Line
Susquehanna's reiteration of a buy rating for PENN Entertainment, with a $28 price target, reflects confidence in the company's growth potential. Shares traded near $21.36, providing a snapshot of its market position. Investors will be watching for the next earnings report on August 6, 2026, for further insights into the company's performance.
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