Truist Securities Reiterates Buy Rating on PENN Entertainment
Truist Securities maintains a buy rating for PENN Entertainment, setting a $25 price target, a 17.04% upside from the current price.
Key Points
- Truist Securities reiterated its buy rating on PENN Entertainment, Inc. (PENN) with a $25 price target on June 26, 2026.
- Truist Securities's $25 price target implies 17.04% upside from PENN Entertainment, Inc.'s ($PENN) current $21.36 share price.
- Shares of NASDAQGS:PENN traded near $21.71 on Friday, with a market cap of approximately $2.82 billion and a forward P/E of 12.8.
- Insider activity includes the CEO buying and selling shares in March 2026, and analysts like Barclays and Stifel also maintaining buy ratings.
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Truist Securities reiterated its buy rating on PENN Entertainment, Inc. (NASDAQGS: PENN) on June 26, 2026. The firm set a price target of $25, maintaining its optimistic outlook for the company.
Truist Securities vs. the S&P 500
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Other Institutional Activity in PENN Entertainment
BlackRock, Inc. increased its holdings in PENN Entertainment by 284,600 shares, bringing its total to 15,693,280 shares valued at about $235.87 million. Vanguard Portfolio Management LLC initiated a new position with 8,368,971 shares worth approximately $125.79 million. Similarly, Vanguard Capital Management LLC also opened a new position, acquiring 6,026,998 shares valued at around $90.59 million. Meanwhile, HG Vora Capital Management, LLC reduced its stake by 575,000 shares, leaving it with 5,675,000 shares worth $85.30 million.
PENN Entertainment, Inc. Stock Up 23.0%
Shares of NASDAQGS:PENN traded near $21.71 on Friday. The company has a market cap of approximately $2.82 billion and a forward P/E ratio of 12.8. With a beta of 1.454, the stock has seen a 52-week low of $11.65 and a high of $22.36. Its 50-day moving average is $18.18, and the 200-day moving average is $16.02. The company has a current ratio of 0.82 and a quick ratio of 0.67, with a significant debt-to-equity ratio of 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 about $7.07 billion, showing a growth of 6.4%. However, the company has a net margin of -13.54% and a return on equity of -40.06%, indicating challenges in profitability. The next earnings report is scheduled for April 23, 2026.
Insider Buying and Selling at PENN Entertainment, Inc.
On March 10, 2026, CEO Jay Snowden bought 92,968 shares and sold 108,063 shares, with the sale priced at $14.70 per share. Other insiders like Fabio Schiavolin and Heather Ace also bought 17,077 shares each on March 9, 2026. Jane Scaccetti purchased 8,000 shares at $15.09 on March 2, 2026.
Analysts Set New Price Targets
Truist Securities maintained its buy rating for PENN Entertainment with a $25 price target on June 26, 2026. Other firms like Stifel and Barclays have also maintained buy ratings with targets of $25 and $24, respectively. The consensus rating remains a buy, with an average target price of $20.61 based on 18 analyst opinions.
About PENN Entertainment
PENN Entertainment, Inc., headquartered in Wyomissing, Pennsylvania, operates in the consumer cyclical sector, specifically in resorts and casinos. The company provides integrated entertainment, sports content, and casino gaming experiences across the U.S. and internationally. It operates a wide array of casinos, racetracks, and online sports betting platforms, including brands like Ameristar, Argosy, and Hollywood Casino. Jay A. Snowden serves as the CEO, leading a workforce of over 23,000 employees.
Bottom Line
Truist Securities' reiteration of a buy rating with a $25 target reflects continued confidence in PENN Entertainment's potential. The company's stock performance and institutional activity are closely watched by investors. As always, it's important to remember that analyst ratings and 13F filings are backward-looking and may not represent current positions or future performance.
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