Madison Square Garden Entertainment (NYSE:MSGE) Price Target Raised to $67.00 at JPMorgan Chase & Co.

Madison Square Garden Entertainment (NYSE:MSGE) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $63.00 to $67.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.75% from the stock’s current price.

A number of other research analysts have also weighed in on MSGE. Wall Street Zen raised Madison Square Garden Entertainment from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. BTIG Research boosted their target price on Madison Square Garden Entertainment from $70.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. Guggenheim raised their price target on Madison Square Garden Entertainment from $74.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Weiss Ratings lowered Madison Square Garden Entertainment from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.33.

Madison Square Garden Entertainment Stock Down 2.3%

NYSE:MSGE traded down $1.53 during mid-day trading on Friday, hitting $65.21. 263,171 shares of the company’s stock were exchanged, compared to its average volume of 343,874. The company has a market cap of $2.63 billion, a PE ratio of 60.40 and a beta of 0.61. The company has a debt-to-equity ratio of 15.40, a current ratio of 0.68 and a quick ratio of 0.68. Madison Square Garden Entertainment has a one year low of $35.31 and a one year high of $69.86. The business has a fifty day moving average price of $60.38 and a 200 day moving average price of $55.98.

Madison Square Garden Entertainment (NYSE:MSGE) last announced its earnings results on Thursday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Madison Square Garden Entertainment had a net margin of 5.12% and a negative return on equity of 748.04%. The business had revenue of $246.26 million for the quarter, compared to the consensus estimate of $242.99 million. During the same period in the prior year, the business posted $0.17 EPS. Madison Square Garden Entertainment’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts predict that Madison Square Garden Entertainment will post 1.16 EPS for the current year.

Insider Activity

In related news, Director Charles P. Dolan sold 19,311 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $63.76, for a total transaction of $1,231,269.36. Following the sale, the director directly owned 660 shares of the company’s stock, valued at $42,081.60. This trade represents a 96.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Madison Square Garden Entertainment

A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Madison Square Garden Entertainment by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,679 shares of the company’s stock valued at $775,000 after acquiring an additional 1,193 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Madison Square Garden Entertainment during the first quarter valued at approximately $4,994,000. Dynamic Technology Lab Private Ltd bought a new position in Madison Square Garden Entertainment during the first quarter valued at approximately $210,000. Jane Street Group LLC bought a new position in Madison Square Garden Entertainment during the first quarter valued at approximately $1,468,000. Finally, JPMorgan Chase & Co. boosted its holdings in Madison Square Garden Entertainment by 53.5% in the second quarter. JPMorgan Chase & Co. now owns 102,307 shares of the company’s stock worth $4,089,000 after purchasing an additional 35,678 shares during the last quarter. Hedge funds and other institutional investors own 96.86% of the company’s stock.

Madison Square Garden Entertainment News Roundup

Here are the key news stories impacting Madison Square Garden Entertainment this week:

• Positive Sentiment: BTIG raised its price target sharply to $86 and kept a Buy rating, signaling expected upside versus current levels and providing analyst-driven support for the stock. Benzinga
• Positive Sentiment: MSG Entertainment announced a multi-year commercial partnership with Kalshi, naming the sixth-floor concourse at The Garden the “Kalshi Concourse.” This is a brand-and-sponsorship win that can drive non-ticket revenue and fan engagement over time. Kalshi and Madison Square Garden Announce Multi-Year Partnership
• Positive Sentiment: Management highlighted a “concert boom” on the earnings call and noted that Harry Styles’ planned 30-night residency boosts pacing into fiscal 2027 — a revenue driver for future quarters. Positive forward commentary helped offset some near-term concerns. MSG Entertainment Earnings Call Highlights Concert Boom
• Neutral Sentiment: Revenue was roughly in line with expectations (~$246.3M vs. ~$243.0M est.), up ~1.5% year-over-year; the company provided slide decks and a press release for details but the topline showed only modest organic growth. MarketBeat: Earnings and Materials
• Negative Sentiment: Earnings reporting is mixed and created confusion: some outlets flagged an EPS miss (reported $0.11, below estimates) while others published a larger EPS figure ($0.25) and called it a beat. The conflicting headlines on profitability, plus a very low net margin and a negative ROE statistic cited by some reports, likely pressured sentiment. MarketBeat: Earnings Summary
• Negative Sentiment: EPS declined versus the prior year and profitability metrics remain a concern (reported net margin ~5.1% and elevated debt-to-equity), which keeps the stock sensitive to any downside surprises in future quarters. Seeking Alpha: Q3 Review & Outlook

About Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. (NYSE: MSGE) is a premier live entertainment company focused on producing and hosting a wide range of events across North America. Established as a separate publicly traded entity in April 2020 through a spin-off from Madison Square Garden Company, MSGE owns and operates iconic venues such as Madison Square Garden in New York City, Radio City Music Hall, The Chicago Theatre and Sphere in Las Vegas. These facilities serve as flagship stages for concerts, sports events, family shows and cultural performances.

The company’s core business activities center on venue management, event promotion and production services.