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NASDAQ:PENN

PENN Entertainment (PENN) Stock Forecast, Price & News

$21.63
-0.91 (-4.04%)
(As of 10/3/2023 ET)
Compare
Today's Range
$21.55
▼
$22.63
50-Day Range
$21.45
▼
$27.10
52-Week Range
$21.32
▼
$39.35
Volume
3.14 million shs
Average Volume
3.40 million shs
Market Capitalization
$3.27 billion
P/E Ratio
4.94
Dividend Yield
N/A
Price Target
$36.67
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

PENN Entertainment MarketRank™ Forecast

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
69.5% Upside
$36.67 Price Target
Short Interest
Bearish
10.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.65mentions of PENN Entertainment in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$260,131 Bought Last Quarter
Proj. Earnings Growth
-47.41%
From $1.16 to $0.61 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Consumer Discretionary Sector

110th out of 275 stocks

Hotels & Motels Industry

11th out of 28 stocks

See Top Rated MarketRank™ Stocks Here

PENN stock logo

About PENN Entertainment (NASDAQ:PENN) Stock

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet Sportbook and Casino. The company's portfolio also includes MyChoice, 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, Greektown, Hollywood Casino, Hollywood Gaming, L'Auberge, 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 Price History

PENN Stock News Headlines

September 6, 2023 | marketbeat.com
3 Underappreciated Stocks with Nowhere to Go But Up (PENN)
The analysts see these stocks trading at extreme lows with nowhere to go but up, and there are catalysts to drive their markets higher.
October 2, 2023 | yahoo.com
Penn & Teller on Giving Up Guns and Why Trump Is ‘The End of America’
October 3, 2023 | Legacy Research (Ad)
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
October 2, 2023 | msn.com
Penn Badgley Had A Brief But Memorable Stint On Y&R
September 28, 2023 | msn.com
Prime Video: The must-watch psychological drama with Naomi Watts and Sean Penn
September 28, 2023 | bizjournals.com
Formula 1-themed entertainment concept coming to Union Market area
September 28, 2023 | yahoo.com
Watch Penn Badgley & Kevin Bacon Add Their Own Spin to a Taylor Swift TikTok Challenge
September 27, 2023 | yahoo.com
Penn Badgley and Kevin Bacon team up for a Taylor Swift TikTok challenge
October 3, 2023 | Legacy Research (Ad)
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”
September 27, 2023 | msn.com
Penn Badgley Joins Kevin Bacon for 'Best Crossover' Video
September 27, 2023 | news.yahoo.com
North Penn marching band to take field at Philadelphia Eagles game Sunday
September 25, 2023 | money.usnews.com
PENN Entertainment Inc
September 24, 2023 | yahoo.com
Sean Penn Calls Vivek Ramaswamy a ‘High School Student’ in Response to His Stance on the Ukraine War (Video)
September 23, 2023 | yahoo.com
‘Superpower’ Director Sean Penn Blasts Putin: “A Gangster With Nuclear Weapons”
September 23, 2023 | yahoo.com
‘Superpower’ Is Sean Penn’s Odd Vanity Project About Zelensky
September 23, 2023 | msn.com
What channel is Penn State vs. Iowa on today? Time, TV schedule for 2023 White Out game
September 21, 2023 | yahoo.com
Sony Pictures Classics Hails Ride With ‘Daddio’, Christy Hall’s Telluride & Toronto Premiere; Sean Penn & Dakota Johnson On JFK Yellow Cab Ride
September 21, 2023 | yahoo.com
‘Daddio’: Sony Pictures Classics in Negotiations for Sean Penn, Dakota Johnson Drama
September 19, 2023 | msn.com
Best Growth Stocks to Buy: DraftKings Stock vs. Penn Stock
September 18, 2023 | yahoo.com
Sean Penn Doc ‘Superpower’ Getting Ukrainian TV Premiere Today
September 18, 2023 | yahoo.com
Sean Penn’s ‘Superpower’ Gets Ukrainian TV Debut
September 18, 2023 | msn.com
Ukraine's Zelenskyy tells Sean Penn in 'Superpower' documentary: 'World War III has begun'
September 18, 2023 | yahoo.com
Penn State Schuylkill cinema course that's open to public will focus on boxing, stereotypes
September 17, 2023 | msn.com
Transcript: Sean Penn on "Face the Nation," Sept. 17, 2023
September 16, 2023 | news.yahoo.com
Families enjoy pleasant weather at Penn Township Fall Festival
September 15, 2023 | yahoo.com
Sean Penn, At D.C. ‘Superpower’ Screening, Urges U.S. To “Get Out Of The Pure Caution Business” When It Comes To Arming Ukraine
September 15, 2023 | benzinga.com
Check Out What Whales Are Doing With PENN
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PENN Company Calendar

Last Earnings
8/09/2023
Today
10/03/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Sector
Consumer Discretionary
Current Symbol
NASDAQ:PENN
CUSIP
70756910
CIK
921738
Web
www.pngaming.com
Phone
(610) 373-2400
Fax
610-373-4966
Employees
21,875
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$36.67
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+69.5%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
17 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.38
Trailing P/E Ratio
4.94
Forward P/E Ratio
18.65
P/E Growth
4.3
Net Income
$222.10 million
Net Margins
11.24%
Pretax Margin
12.03%
Return on Equity
7.10%
Return on Assets
1.60%

Debt

Debt-to-Equity Ratio
1.22
Current Ratio
1.41
Quick Ratio
1.39

Sales & Book Value

Annual Sales
$6.40 billion
Price / Sales
0.51
Cash Flow
$4.85 per share
Price / Cash Flow
4.46
Book Value
$23.06 per share
Price / Book
0.94

Miscellaneous

Outstanding Shares
151,040,000
Free Float
148,318,000
Market Cap
$3.27 billion
Optionable
Optionable
Beta
2.16

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Key Executives

  • Mr. Jay A. SnowdenMr. Jay A. Snowden (Age 47)
    Pres, CEO & Director
    Comp: $7.11M
  • Ms. Felicia Rae Kantor Hendrix (Age 54)
    Exec. VP & CFO
    Comp: $1.55M
  • Mr. Todd George (Age 53)
    Exec. VP of Operations
    Comp: $1.89M
  • Mr. Christopher Rogers (Age 47)
    Exec. VP & Chief Strategy Officer
    Comp: $1.47M
  • Ms. Christine LaBombardMs. Christine LaBombard (Age 53)
    Sr. VP & Chief Accounting Officer
  • Mr. Richard Primus
    Sr. VP & Chief Information Officer
  • Ms. Harper H. Ko (Age 49)
    Exec. VP, Chief Legal Officer & Sec.
  • Mr. D. Eric Schippers
    Sr. VP of Public Affairs & Chairman of the Penn National Gaming Foundation
  • Ms. Jennifer Weissman
    Sr. VP & Chief Marketing Officer
  • Ms. Wendy Hamilton
    Sr. VP & Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













PENN Stock - Frequently Asked Questions

Should I buy or sell PENN Entertainment stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PENN Entertainment in the last twelve months. There are currently 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PENN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PENN, but not buy additional shares or sell existing shares.
View PENN analyst ratings or view top-rated stocks.

What is PENN Entertainment's stock price forecast for 2023?

17 brokers have issued 1-year price targets for PENN Entertainment's shares. Their PENN share price forecasts range from $26.00 to $54.00. On average, they predict the company's stock price to reach $36.67 in the next year. This suggests a possible upside of 69.5% from the stock's current price.
View analysts price targets for PENN or view top-rated stocks among Wall Street analysts.

How have PENN shares performed in 2023?

PENN Entertainment's stock was trading at $29.70 at the beginning of the year. Since then, PENN stock has decreased by 27.2% and is now trading at $21.63.
View the best growth stocks for 2023 here.

When is PENN Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PENN earnings forecast.

How were PENN Entertainment's earnings last quarter?

PENN Entertainment, Inc. (NASDAQ:PENN) announced its earnings results on Wednesday, August, 9th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.09. The business earned $1.67 billion during the quarter, compared to the consensus estimate of $1.66 billion. PENN Entertainment had a trailing twelve-month return on equity of 7.10% and a net margin of 11.24%. PENN Entertainment's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share.
Read the conference call transcript.

What ETFs hold PENN Entertainment's stock?

ETFs with the largest weight of PENN Entertainment (NASDAQ:PENN) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), Roundhill MEME ETF (MEME), B.A.D. Etf (BAD), First Trust Consumer Discretionary AlphaDEX Fund (FXD), BlackRock Future Innovators ETF (BFTR), VanEck Gaming ETF (BJK), Invesco Select Growth ETF (IVSG) and First Trust Mid Cap Value AlphaDEX Fund (FNK).

How will PENN Entertainment's stock buyback program work?

PENN Entertainment announced that its Board of Directors has approved a share repurchase plan on Thursday, February 3rd 2022, which allows the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

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.

What other stocks do shareholders of PENN Entertainment own?

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

What is PENN Entertainment's stock symbol?

PENN Entertainment trades on the NASDAQ under the ticker symbol "PENN."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PENN Entertainment's stock price today?

One share of PENN stock can currently be purchased for approximately $21.63.

How much money does PENN Entertainment make?

PENN Entertainment (NASDAQ:PENN) has a market capitalization of $3.27 billion and generates $6.40 billion in revenue each year. The company earns $222.10 million in net income (profit) each year or $4.38 on an earnings per share basis.

How many employees does PENN Entertainment have?

The company employs 21,875 workers across the globe.

Does PENN Entertainment have any subsidiaries?
The following companies are subsidiares of PENN Entertainment: Abradoodle LLC, Absolute Games, Absolute Games LLC, Alton Casino LLC, Ameristar Casino Black Hawk LLC, Ameristar Casino Council Bluffs LLC, Ameristar Casino East Chicago LLC, Ameristar East Chicago Holdings LLC, Ameristar Interactive LLC, Ameristar Lake Charles Holdings LLC, Argosy Development LLC, Argosy Gaming Company, BCV (Intermediate) LLC, BSLO LLC, BTN LLC, Boomtown Biloxi Interactive LLC, Boomtown Casino Biloxi, Boomtown LLC, Bossier Casino Venture LLC, Bullwhackers Casino, CCR Pennsylvania Food Services Inc, CCR Racing Management, CHC Casinos Canada Limited, CHC Casinos Corp., CRC Holdings, CRC Holdings Inc., Cactus Pete’s LLC, Casino Magic Bay St. Louis, Casino Magic LLC, Casino Rama Services Inc., Central Ohio Gaming Ventures LLC, Dayton Real Estate Ventures LLC, Delvest LLC, Development Ventures LLC, Double Bogey LLC, First Jackpot Interactive LLC, Gaming Jet Services LLC, Greektown Casino-Hotel, HC Aurora LLC, HC Bangor LLC, HC Joliet LLC, HWCC-Tunica LLC, Hollywood Casino Corp, Hollywood Casinos LLC, Hostile Grape Development LLC, Houston Gaming Ventures Inc., Illinois Gaming Investors LLC, Indiana Gaming Company LLC, Kansas Entertainment LLC, LVGV LLC, Louisiana Casino Cruises, Louisiana-I Gaming a Louisiana Partnership in Commendam, L’Auberge Interactive LLC, Magnum Pinnacle Interactive LLC, Margaritaville Resort Casino, Marquee by Penn LLC, Maryland Gaming Ventures Inc., Massachusetts Gaming Ventures LLC, Mountain Laurel Racing Inc, Mountainview Thoroughbred Racing Association LLC, PHK Staffing LLC, PM Texas LLC, PNGI Charles Town Gaming LLC, PNK (BOSSIER CITY) L.L.C., PNK (Baton Rouge) Partnership, PNK (LAKE CHARLES) L.L.C., PNK (River City) LLC, PNK (SA) LLC, PNK (SAM) LLC, PNK (SAZ) LLC, PNK Development 33 LLC, PNK Development 7 LLC, PNK Development 8 LLC, PNK Development 9 LLC, PNK Vicksburg LLC, Penn ADW LLC, Penn Hollywood Kansas Inc., Penn Interactive Ventures LLC, Penn NJ OTW LLC, Penn National GSFR LLC, Penn National Holdings LLC, Penn National Turf Club LLC, Penn Online Entertainment LLC, Penn Sanford LLC, Penn Sports Interactive LLC, Penn Tenant II LLC, Penn Tenant III LLC, Penn Tenant LLC, Pennwood Racing Inc., Pinnacle Entertainment, Pinnacle Entertainment Inc., Pinnacle MLS LLC, Pinnacle Retama Partners LLC, Plainville Gaming and Redevelopment LLC, Prairie State Gaming, RIH Acquisitions MS I LLC, RIH Acquisitions MS II LLC, Rocket Games, Rocket Speed Inc., SDGV Staffing LLC, SOKC LLC, San Diego Gaming Ventures LLC, Silver Screen Gaming LLC, St. Louis Gaming Ventures LLC, The Missouri Gaming Company LLC, The Shops at Tropicana Las Vegas LLC, Toledo Gaming Ventures LLC, Tropicana Las Vegas Hotel and Casino, Tropicana Las Vegas Hotel and Casino Inc., Tropicana Las Vegas Inc., Tropicana Las Vegas Intermediate Holdings Inc., Villaggio Development LLC, Washington Trotting Association LLC, Yankton Investments LLC, Youngstown Real Estate Ventures LLC, Zia Park Casino Hotel & Racetrack, Zia Park Interactive LLC, Zia Park LLC, and eBetUSA.com Inc..
Read More
How can I contact PENN Entertainment?

PENN Entertainment's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The official website for the company is www.pngaming.com. The company can be reached via phone at (610) 373-2400, via email at penn@jcir.com, or via fax at 610-373-4966.

This page (NASDAQ:PENN) was last updated on 10/3/2023 by MarketBeat.com Staff

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