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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
GitLab is developing an AI-powered market reversal 
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
GitLab is developing an AI-powered market reversal 
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company
Zuckerberg sells Meta, Snowflake may be the better choice
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
GitLab is developing an AI-powered market reversal 

PENN Entertainment Stock Price, News & Analysis (NASDAQ:PENN)

$23.91
-0.99 (-3.98%)
(As of 12/5/2023 ET)
Compare
Today's Range
$23.83
▼
$24.79
50-Day Range
$18.41
▼
$26.33
52-Week Range
$18.35
▼
$36.66
Volume
4.63 million shs
Average Volume
3.81 million shs
Market Capitalization
$3.63 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$33.35
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

PENN Entertainment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
39.5% Upside
$33.35 Price Target
Short Interest
Healthy
12.68% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.64mentions of PENN Entertainment in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$350,592 Bought Last Quarter
Proj. Earnings Growth
-85.71%
From $1.54 to $0.22 Per Share

Overall MarketRank™

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

2.31 out of 5 stars

Consumer Discretionary Sector

110th out of 255 stocks

Hotels & Motels Industry

14th out of 26 stocks

See Top Rated MarketRank™ Stocks Here

PENN stock logo

About PENN Entertainment Stock (NASDAQ:PENN)

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 Stock Price History

PENN Stock News Headlines

December 1, 2023 | marketbeat.com
Dallas Mavericks purchase turns LVS stock into a cheaper bet (PENN)
Going forward, LVS should derive growth from the removal of travel restrictions in and around China where its crown jewel Macau casinos are located.
December 5, 2023 | forbes.com
Deals That Shook Up The Media And Entertainment Space In 2023 And Trends To Watch Out For Next Year
December 6, 2023 | Wealthpress (Ad)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
December 5, 2023 | msn.com
Penn Entertainment breaks ground for 2 new properties
December 5, 2023 | finance.yahoo.com
PENN Entertainment Announces Strategic Partnership With Quail Hollow Club for ESPN BET Market Access in North Carolina
November 30, 2023 | msn.com
NHL partners with PENN Entertainment’s ESPN Bet and theScore Bet
November 30, 2023 | finance.yahoo.com
PENN Entertainment (PENN) to Drive Sports Betting With NHL
November 30, 2023 | msn.com
Penn Entertainment, Aurora Break Ground On New $360M Hollywood Casino
December 6, 2023 | Financial Alphas (Ad)
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
November 29, 2023 | bizjournals.com
Penn Entertainment inks deal to make ESPN Bet the NHL's official U.S. sports betting partner
November 29, 2023 | marketwatch.com
Penn Entertainment's ESPN Bet, theScore Bet Strike Sports-Betting Partnership With NHL
November 29, 2023 | finance.yahoo.com
PENN Entertainment Announces Partnership With National Hockey League for Online Sports Betting Brands, ESPN BET and theScore Bet
November 28, 2023 | msn.com
Will less be more? Penn National racetrack officials hoping for a big 2024 after cutting 19 live racing dates
November 28, 2023 | msn.com
Penn State's NIL Collective Announces Deal for Branded Energy Drink
November 28, 2023 | bizjournals.com
Penn Entertainment to begin construction on Hollywood Casino Columbus hotel
November 28, 2023 | finance.yahoo.com
PENN Entertainment Announces Groundbreaking Ceremony for Relocated Hollywood Casino Aurora
November 27, 2023 | finance.yahoo.com
PENN Entertainment Announces Groundbreaking Ceremony for New Hotel at Hollywood Casino Columbus
November 26, 2023 | sports.yahoo.com
ESPN Events Invitational: How to watch Penn State vs. VCU on Sunday
November 23, 2023 | msn.com
JuJu Watkins has 31 points, last 7 of game, No. 8 USC women edge Penn State 71-70 in Bahamas
November 22, 2023 | msn.com
PENN Shares Leap As ESPN Bet Tops App Charts: Analyst Hails 'Encouraging Start'
November 22, 2023 | msn.com
DKNG: Penn Entertainment Stock Explodes Higher As ESPN BET Off To Massive Start
November 22, 2023 | msn.com
PENN Entertainment Shares Up as Popularity of New ESPN Bet App Prompts BoA Upgrade
November 20, 2023 | seekingalpha.com
PENN Entertainment: ESPN Bet Off To A Monster Start, Catching Wall Street Flat-Footed
November 20, 2023 | proactiveinvestors.com
PENN Entertainment analysts boost target price as ESPN Bet dominates
November 20, 2023 | in.investing.com
PENN Entertainment jumps as BofA upgrades on ESPN Bet success
November 17, 2023 | businessinsider.com
ESPN's VP of sports betting shares his keys to success for ESPN Bet and an inside look into the partnership with Penn
November 17, 2023 | msn.com
Detroit Casino Council reaches tentative labor deal with MGM Resorts, Penn Entertainment
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/01/2024
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 Target
$33.35
High Stock Price Target
$46.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+39.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.14)
Trailing P/E Ratio
N/A
Forward P/E Ratio
15.53
P/E Growth
1.42
Net Income
$222.10 million
Net Margins
-1.70%
Pretax Margin
-0.60%
Return on Equity
8.67%
Return on Assets
1.97%

Debt

Debt-to-Equity Ratio
1.47
Current Ratio
1.42
Quick Ratio
1.41

Sales & Book Value

Annual Sales
$6.40 billion
Price / Sales
0.57
Cash Flow
$4.81 per share
Price / Cash Flow
4.97
Book Value
$23.06 per share
Price / Book
1.04

Miscellaneous

Outstanding Shares
151,760,000
Free Float
149,027,000
Market Cap
$3.63 billion
Optionable
Optionable
Beta
2.16

Social Links

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Key Executives

  • Mr. Jay A. SnowdenMr. Jay A. Snowden (Age 47)
    President, CEO & Director
    Comp: $7.11M
  • Ms. Felicia Rae Kantor Hendrix (Age 54)
    Executive VP & CFO
    Comp: $1.55M
  • Mr. Todd George (Age 53)
    Executive Vice President of Operations
    Comp: $1.89M
  • Mr. Christopher Rogers (Age 47)
    Executive VP, Chief Strategy Officer & Secretary
    Comp: $1.47M
  • Ms. Christine LaBombardMs. Christine LaBombard (Age 53)
    Senior 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 66)
    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

Should I buy or sell PENN Entertainment stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PENN Entertainment in the last twelve months. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PENN shares.
View PENN analyst ratings or view top-rated stocks.

What is PENN Entertainment's stock price target for 2024?

16 brokerages have issued 1-year price targets for PENN Entertainment's stock. Their PENN share price targets range from $22.00 to $46.00. On average, they expect the company's stock price to reach $33.35 in the next twelve months. This suggests a possible upside of 39.5% 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 on January 1st, 2023. Since then, PENN stock has decreased by 19.5% and is now trading at $23.91.
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, February 1st 2024.
View our PENN earnings forecast.

How were PENN Entertainment's earnings last quarter?

PENN Entertainment, Inc. (NASDAQ:PENN) issued its quarterly earnings data on Thursday, November, 2nd. The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.88. The company earned $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. PENN Entertainment had a negative net margin of 1.70% and a positive trailing twelve-month return on equity of 8.67%.

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 has authorized a stock repurchase plan on Thursday, February 3rd 2022, which allows the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 9.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its shares are 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).

Who are PENN Entertainment's major shareholders?

PENN Entertainment's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bamco Inc. NY (4.04%), Earnest Partners LLC (1.79%), Massachusetts Financial Services Co. MA (1.14%), AQR Capital Management LLC (1.05%), Sei Investments Co. (0.90%) and Bank of New York Mellon Corp (0.82%). Insiders that own company stock include Christine Labombard, David A Handler, Felicia Hendrix, Jane Scaccetti, Jay A Snowden, Kohn Barbara Shattuck, Peter M Carlino and Saul Reibstein.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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
This page (NASDAQ:PENN) was last updated on 12/6/2023 by MarketBeat.com Staff

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