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.

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.

Morgan Stanley has reiterated an Equalweight rating and a $17.00 price target on PENN Entertainment Inc (NASDAQ:PENN) after attending an investor event in the Chicago area, where it toured the company's newly opened Joliet casino and an upcoming Aurora project. The stock is currently trading at $17.74, near the lower end of analyst estimates ranging from $17 to $30. Despite positive repositioning efforts, Morgan Stanley notes uncertainty around incremental returns and ongoing competitive pressures in the gaming industry. In Q2 2025, PENN reported strong financial results, including earnings per share of $0.10 (exceeding the expected loss of $0.02) and revenue of $1.77 billion (above the forecast of $1.73 billion), though adjusted EBITDAR of $392.1 million slightly missed the consensus estimate of $392.8 million. JMP Securities raised its price target to $25 and maintained a Market Outperform rating, while Needham lowered its target to $22 due to weak interactive handle trends but kept a Buy rating. Stifel and Benchmark maintained Hold ratings with price targets of $19. PENN also opened its new Hollywood Joliet casino and plans to open a second location in Aurora by the first half of 2026.

Penn Entertainment opened its new Hollywood Casino in Joliet, Illinois, marking a significant upgrade from its previous riverboat operation. The company invested $185 million in the Joliet property, which is part of a broader $850 million expansion plan that includes properties in Aurora, Illinois, Ohio, and Henderson, Nevada. Analysts from Truist Securities and Jefferies have praised the location, amenities, and strategic positioning, with Truist rating Penn's stock a 'buy' at $20, implying 17% upside. The new regional casino is seen as a strong move in Illinois, one of the largest non-Nevada gaming markets, and is expected to deliver mid-teens return on investment. Additionally, Penn's ESPN Bet online sportsbook is under scrutiny, with analysts noting potential for higher adoption or profitability through restructuring, though returns remain uncertain.

PENN Entertainment reported Q2 2025 revenues of $1.76 billion, up 6.1% year-over-year, exceeding market expectations. The company narrowed its net loss to $17.4 million and improved EPS to $0.12, though it missed analyst estimates. Despite strong revenue growth driven by gaming and ancillary services, the stock declined 1.7% from a week prior, with post-earnings price action showing a negative return of -43.76% over 30 days. CEO Jay Snowden highlighted record online gaming revenue and the upcoming opening of the Hollywood Casino in Joliet on August 11, 2025. The company reaffirmed a $350 million share repurchase commitment and executed a $233.5 million note repurchase to reduce dilution.