How have PENN shares performed this year?

PENN Entertainment's stock was trading at $26.02 on January 1st, 2024. Since then, PENN shares have decreased by 24.3% and is now trading at $19.71. View the best growth stocks for 2024 here .

How were PENN Entertainment's earnings last quarter?

PENN Entertainment, Inc. (NASDAQ:PENN) issued its quarterly earnings results on Thursday, May, 2nd. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.20. The business earned $1.61 billion during the quarter, compared to analysts' expectations of $1.63 billion. PENN Entertainment had a negative trailing twelve-month return on equity of 3.53% and a negative net margin of 17.77%.

What is Jay Snowden's approval rating as PENN Entertainment's CEO?

30 employees have rated PENN Entertainment Chief Executive Officer Jay Snowden on Glassdoor.com . Jay Snowden has an approval rating of 87% among the company's employees.

Does PENN Entertainment have any subsidiaries?

The following companies are subsidiaries of PENN Entertainment: Greektown Casino-Hotel, Margaritaville Resort Casino, Absolute Games, Pinnacle Entertainment, Rocket Games, Prairie State Gaming, Tropicana Las Vegas Hotel and Casino, and others.

Who are PENN Entertainment's major shareholders?

PENN Entertainment's top institutional shareholders include Bank of New York Mellon Corp (0.68%), Harbor Capital Advisors Inc. (0.20%), Hedges Asset Management LLC (0.13%) and Raymond James & Associates (0.10%). Insiders that own company stock include Jay A Snowden , David A Handler , Felicia Hendrix , Jane Scaccetti , Saul Reibstein , Christopher Byron Rogers and Kohn Barbara Shattuck . View institutional ownership trends .

How do I buy shares of PENN Entertainment?

Shares of PENN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

What other stocks do shareholders of PENN Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PENN Entertainment investors own include NVIDIA (NVDA) , Tesla (TSLA) , Advanced Micro Devices (AMD) , DraftKings (DKNG) , QUALCOMM (QCOM) , Walt Disney (DIS) and Block (SQ) .

NASDAQ:PENN

PENN Entertainment (PENN) Stock Price, News & Analysis

$19.71

+1.52 (+8.36%)

(As of 07/26/2024 ET)

Compare

Today's Range: $18.87
▼
$20.00
50-Day Range: $14.63
▼
$20.77
52-Week Range: $13.50
▼
$29.38

Volume: 4.47 million shs
Average Volume: 6.09 million shs
Market Capitalization: $3.00 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $25.03

Get PENN Entertainment alerts:

PENN Entertainment MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 27.0% Upside
$25.03 Price Target
Short Interest: Healthy
16.00% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.74
Upright™ Environmental Score
News Sentiment: 0.88
Based on 7 Articles This Week
Insider Trading: Acquiring Shares
$1.15 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($1.35) to $0.61 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.51 out of 5 stars

Consumer Discretionary Sector

36th out of 279 stocks

Hotels & Motels Industry

8th out of 27 stocks

4.3

Analyst's Opinion

Consensus Rating
PENN Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 8 hold ratings, and no sell ratings.
Amount of Analyst Coverage
PENN Entertainment has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about PENN Entertainment's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
16.00% of the float of PENN Entertainment has been sold short.
Short Interest Ratio / Days to Cover
PENN Entertainment has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PENN Entertainment has recently decreased by 2.35%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
PENN Entertainment does not currently pay a dividend.
Dividend Growth
PENN Entertainment does not have a long track record of dividend growth.

1.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PENN Entertainment has received a -49.14% net impact score from Upright. The largest negative impact of Penn National Gaming in category "Relationships" seems to be driven mostly by its "Online gambling services", "Betting services", and "Casino games" products. See details.
Environmental Sustainability
The Environmental Impact score for PENN Entertainment is -0.74.

2.7

News and Social Media Coverage

News Sentiment
PENN Entertainment has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for PENN Entertainment this week, compared to 12 articles on an average week.
Search Interest
Only 8 people have searched for PENN on MarketBeat in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
MarketBeat Follows
12 people have added PENN Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PENN Entertainment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,154,949.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.19% of the stock of PENN Entertainment is held by insiders.
Percentage Held by Institutions
91.69% of the stock of PENN Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about PENN Entertainment's insider trading history.

1.3

Earnings and Valuation

Earnings Growth
Earnings for PENN Entertainment are expected to grow in the coming year, from ($1.35) to $0.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PENN Entertainment is -2.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of PENN Entertainment is -2.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
PENN Entertainment has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Read more about PENN Entertainment's valuation and earnings.

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About PENN Entertainment Stock (NASDAQ:PENN)

PENN 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. The company's portfolio also includes PENN Play, customer loyalty program, which offers a set of rewards and experiences for business channels. In addition, it owns various trademarks and service marks, including Ameristar, Argosy, Boomtown, Hollywood Casino, Hollywood Gaming, L'Auberge, PENN Play, theScore, theScore Bet, theScore esports, and M Resort. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

PENN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PENN Stock News Headlines

July 16, 2024 | marketbeat.com

Could This Entertainment Stock be the Belle of the Gaming Ball?

The casino industry has been in positive normalization as it attempts to recover to pre-pandemic levels for foot traffic and revenues. However, the digital sports betting and iGaming segment continue to expand as a benefactor of the pandemic lockdowns.

July 16, 2024 | marketbeat.com

Could This Entertainment Stock be the Belle of the Gaming Ball?

The casino industry has been in positive normalization as it attempts to recover back to pre-pandemic levels for foot traffic and revenues. However,

July 26, 2024 | Unstoppable Prosperity (Ad)

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July 25 at 7:53 AM | msn.com

Ex-Penn staffer questions ESPN Bet strategy

July 19, 2024 | uk.finance.yahoo.com

Winners And Losers Of Q1: PENN Entertainment (NASDAQ:PENN) Vs The Rest Of The Casino Operator Stocks

July 19, 2024 | msn.com

PENN Entertainment cutting staff at ESPN Bet

July 19, 2024 | benzinga.com

Looking At PENN Entertainment's Recent Unusual Options Activity

July 19, 2024 | msn.com

What's Going On With PENN Entertainment Shares After Announcing Layoffs?

July 26, 2024 | Unstoppable Prosperity (Ad)

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July 19, 2024 | marketwatch.com

PENN Entertainment Inc. stock underperforms Friday when compared to competitors

July 18, 2024 | investorplace.com

Penn Entertainment Layoffs 2024: What to Know About ESPN Bet Job Cuts

July 18, 2024 | cnbc.com

Penn lays off about 100 employees as it focuses on ESPNBet growth

June 27, 2024 | seekingalpha.com

PENN Entertainment: After Being Bullish, I Am Now Bearish Absent A Boyd Gaming Deal

June 26, 2024 | businesswire.com

PENN Entertainment Levels Up Loyalty Rewards for Millions of PENN Play™ Members with Ticketmaster

June 21, 2024 | investorplace.com

PENN Stock Alert: Boyd Gaming Wants to Buy Penn Entertainment

June 20, 2024 | investorplace.com

3 Sports Betting Stocks to Wager On for a 2X Payout by 2033

May 31, 2024 | investopedia.com

Penn Entertainment Stock Soars as Activist Investor Calls for a Sale

May 31, 2024 | investorplace.com

An Activist Investor Wants to Supercharge Penn Entertainment (PENN) Stock

See More Headlines

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Company Calendar

Last Earnings: 5/02/2024
Today: 7/26/2024
Next Earnings (Confirmed): 8/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Hotels & motels
Sub-Industry: Casinos & Gaming
Current Symbol: NASDAQ:PENN
CUSIP: 70756910
CIK: 921738
Web: www.pngaming.com
Phone: (610) 373-2400
Fax: 610-373-4966
Employees: 23,333
Year Founded: 1972

Price Target and Rating

Average Stock Price Target: $25.03
High Stock Price Target: $33.00
Low Stock Price Target: $17.50
Potential Upside/Downside: +29.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($7.45)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-490,000,000.00
Net Margins: -17.77%
Pretax Margin: -20.80%
Return on Equity: -3.53%
Return on Assets: -0.76%

Debt

Debt-to-Equity Ratio: 2.33
Current Ratio: 1.04
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $6.36 billion
Price / Sales: 0.46
Cash Flow: $3.82 per share
Price / Cash Flow: 5.06
Book Value: $21.08 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 152,450,000
Free Float: 149,107,000
Market Cap: $2.95 billion
Optionable: Optionable
Beta: 2.11

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Key Executives

Mr. Jay A. Snowden (Age 48)
President, CEO & Director
Comp: $6.59M
Ms. Felicia Rae Kantor Hendrix (Age 55)
Executive VP & CFO
Comp: $1.77M
Mr. Todd George (Age 54)
Executive Vice President of Operations
Comp: $1.98M
Mr. Christopher Rogers (Age 48)
Executive VP, Chief Strategy Officer & Secretary
Comp: $1.52M
Mr. Bryan Goslin
VP & Chief Accounting Officer
Mr. Richard Primus
Senior VP & Chief Information Officer
Mr. D. Eric Schippers
Senior Vice President of Public Affairs & Chairman of the Penn National Gaming Foundation
Ms. Jennifer Weissman
Senior VP & Chief Marketing Officer
Ms. Wendy Hamilton
Senior VP & Chief Human Resources Officer
Mr. Albert T. Britton (Age 67)
Senior Vice President of Regional Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PENN Stock Analysis - Frequently Asked Questions

How have PENN shares performed this year?: PENN Entertainment's stock was trading at $26.02 on January 1st, 2024. Since then, PENN shares have decreased by 24.3% and is now trading at $19.71.
View the best growth stocks for 2024 here.
How were PENN Entertainment's earnings last quarter?: PENN Entertainment, Inc. (NASDAQ:PENN) issued its quarterly earnings results on Thursday, May, 2nd. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.20. The business earned $1.61 billion during the quarter, compared to analysts' expectations of $1.63 billion. PENN Entertainment had a negative trailing twelve-month return on equity of 3.53% and a negative net margin of 17.77%.
What is Jay Snowden's approval rating as PENN Entertainment's CEO?: 30 employees have rated PENN Entertainment Chief Executive Officer Jay Snowden on Glassdoor.com. Jay Snowden has an approval rating of 87% among the company's employees.
Does PENN Entertainment have any subsidiaries?: The following companies are subsidiaries of PENN Entertainment: Greektown Casino-Hotel, Margaritaville Resort Casino, Absolute Games, Pinnacle Entertainment, Rocket Games, Prairie State Gaming, Tropicana Las Vegas Hotel and Casino, and others.
Who are PENN Entertainment's major shareholders?: PENN Entertainment's top institutional shareholders include Bank of New York Mellon Corp (0.68%), Harbor Capital Advisors Inc. (0.20%), Hedges Asset Management LLC (0.13%) and Raymond James & Associates (0.10%). Insiders that own company stock include Jay A Snowden, David A Handler, Felicia Hendrix, Jane Scaccetti, Saul Reibstein, Christopher Byron Rogers and Kohn Barbara Shattuck.
View institutional ownership trends.
How do I buy shares of PENN Entertainment?: Shares of PENN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
What other stocks do shareholders of PENN Entertainment own?: Based on aggregate information from My MarketBeat watchlists, some other companies that PENN Entertainment investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), Walt Disney (DIS) and Block (SQ).

This page (NASDAQ:PENN) was last updated on 7/26/2024 by MarketBeat.com Staff

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PENN Entertainment (PENN) Stock Price, News & Analysis

PENN Entertainment MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Yield

Dividend Growth

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Percentage Held by Institutions

Earnings and Valuation

Earnings Growth

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Book Value per Share Ratio

About PENN Entertainment Stock (NASDAQ:PENN)

PENN Stock Price History

PENN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

PENN Stock Analysis - Frequently Asked Questions

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Overall MarketRank^™