JMP Securities has increased its price target for PENN Entertainment from $24.00 to $25.00, suggesting a potential upside of 48.53% based on the company's previous closing price. The stock currently holds an average rating of 'Moderate Buy' among analysts, with varying ratings from multiple brokerages, including a mix of buying and holding recommendations. Insider transactions show positive sentiment, with significant purchases by both the Director and CEO, indicating confidence in the company's future performance.\n\nPENN Entertainment (NASDAQ:PENN) had its target price raised by JMP Securities from $24.00 to $25.00 in a report published on Friday morning. JMP Securities currently has a market outperform rating on the stock. Other equities analysts also recently issued reports about the stock. Truist Financial cut their price target on shares of PENN Entertainment from $23.00 to $20.00 and set a 'hold' rating on the stock in a report on Wednesday, April 23rd. Citigroup upgraded PENN Entertainment to an 'outperform' rating in a research note on Thursday, June 26th. Susquehanna reiterated a 'positive' rating and issued a $25.00 price objective (up previously from $24.00) on shares of PENN Entertainment in a research note on Tuesday, June 10th. JPMorgan Chase & Co. assumed coverage on PENN Entertainment in a research note on Monday, June 23rd. They issued an 'overweight' rating and a $24.00 price objective on the stock. Finally, Morgan Stanley reiterated a 'sell' rating on shares of PENN Entertainment in a research note on Friday, July 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of 'Hold' and an average price target of $23.25.\n\nPENN Entertainment traded up 1.7% during trading hours on Friday, reaching $17.09. 3,715,408 shares of the company's stock were exchanged, compared to its average volume of 4,336,561. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.39. The firm's 50-day simple moving average is $17.58 and its 200-day simple moving average is $17.42. PENN Entertainment has a twelve-month low of $13.25 and a twelve-month high of $23.08. The firm has a market capitalization of $2.50 billion, a PE ratio of -30.52 and a beta of 1.60.\n\nPENN Entertainment last issued its earnings results on Thursday, August 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.14. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.73 billion. PENN Entertainment had a negative return on equity of 4.36% and a negative net margin of 1.12%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted ($0.18) EPS. Research analysts predict that PENN Entertainment will post -1.61 earnings per share for the current year.\n\nInsiders Place Their Bets: CEO acquired 34,000 shares of PENN Entertainment stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of $14.70 per share, with a total value of $499,800.00. Following the completion of the purchase, the chief executive officer directly owned 1,082,625 shares in the company, valued at approximately $15,914,587.50. This trade represents a 3.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission.\n\nDirector acquired 20,000 shares of PENN Entertainment stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $16.96 per share, with a total value of $339,200.00. Following the completion of the purchase, the director owned 342,941 shares of the company's stock, valued at approximately $5,816,279.36. This represents a 6.19% increase in their ownership of the stock. The disclosure for this purchase can be found.\n\nOver the last three months, insiders bought 64,000 shares of company stock valued at $987,300. Corporate insiders own 2.67% of the company's stock.\n\nHedge Funds Weigh In On PENN Entertainment: Invesco Ltd. lifted its stake in PENN Entertainment by 54.6% in the first quarter. Invesco Ltd. now owns 6,002,749 shares of the company's stock worth $97,905,000 after purchasing an additional 2,120,740 shares during the last quarter. DME Capital Management LP lifted its holdings in PENN Entertainment by 2.3% during the 4th quarter. DME Capital Management LP now owns 5,748,440 shares of the company's stock valued at $113,934,000 after buying an additional 127,670 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PENN Entertainment by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 2,500,342 shares of the company's stock valued at $49,572,000 after buying an additional 152,791 shares in the last quarter. Invenomic Capital Management LP raised its holdings in shares of PENN Entertainment by 87.8% in the 1st quarter. Invenomic Capital Management LP now owns 1,859,112 shares of the company's stock valued at $30,322,000 after purchasing an additional 869,347 shares in the last quarter. Finally, Kettle Hill Capital Management LLC raised its holdings in shares of PENN Entertainment by 43.1% in the 4th quarter. Kettle Hill Capital Management LLC now owns 1,801,787 shares of the company's stock valued at $35,711,000 after purchasing an additional 542,585 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.\n\nPENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.\n\nMarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PENN Entertainment wasn't on the list. While PENN Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

JMP Securities Issues Positive Forecast for PENN Entertainment (NASDAQ:PENN) Stock Price

JMP Securities has raised its price target for PENN Entertainment from $24.00 to $25.00, indicating a 48.53% potential upside. The company currently has a moderate buy rating among analysts, with a consensus rating of 'Hold' and an average price target of $23.25. Insider transactions show positive sentiment, including significant purchases by the CEO and a director. The CEO bought 34,000 shares at $14.70 per share, increasing their ownership to 1,082,625 shares. A director acquired 20,000 shares at $16.96 per share, increasing their position by 6.19%. Over the past three months, insiders collectively bought 64,000 shares valued at $987,300. Hedge funds such as Invesco Ltd., DME Capital Management LP, Geode Capital Management LLC, Invenomic Capital Management LP, and Kettle Hill Capital Management LLC have increased their holdings in the company. PENN Entertainment reported $0.10 EPS and $1.77 billion in revenue for the quarter, beating estimates. The company has a market capitalization of $2.50 billion, a negative PE ratio of -30.52, and a negative net margin of 1.12%. Analysts predict a negative earnings per share of -1.61 for the current year. The stock traded up 1.7% to $17.09 on Friday, with a 50-day moving average of $17.58 and a 200-day average of $17.42.