8/12/2025, 8:56:08 PM | ca.investing.com | news

    David Handler buys Penn Entertainment (PENN) shares worth $339k

    David Handler purchased shares worth $339,000 in Penn Entertainment (PENN), directly owning 342,941 shares and indirectly owning 20,000 shares through a foundation. PENN reported strong second-quarter 2025 financial results with revenue of $1.77 billion, exceeding expectations, and earnings per share of $0.10, surpassing a forecasted loss of $0.02. However, adjusted EBITDAR slightly missed its projection. Analysts have responded with divergent views: Benchmark holds its position, JMP Securities raised its price target to $25, and Needham lowered it to $22. Despite positive revenue performance, PENN is not considered a top investment by InvestingPro's AI analysis.

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