NASDAQ:PENN

PENN Entertainment (PENN) Stock Forecast, Price & News

$23.06

+0.71 (+3.18%)

(As of 09/28/2023 ET)

Compare

Today's Range: $22.34
▼
$23.27
50-Day Range: $21.45
▼
$27.10
52-Week Range: $21.32
▼
$39.35

Volume: 2.60 million shs
Average Volume: 4.23 million shs
Market Capitalization: $3.48 billion

P/E Ratio: 5.26
Dividend Yield: N/A
Price Target: $36.67

PENN Entertainment MarketRank™ Forecast

Analyst Rating: Hold
2.47 Rating Score
Upside/Downside: 59.0% 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: 0.37
Based on 12 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.

2.34 out of 5 stars

Consumer Discretionary Sector

136th out of 272 stocks

Hotels & Motels Industry

14th out of 27 stocks

4.2

Analyst's Opinion

Consensus Rating
PENN Entertainment has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 8 buy ratings, 9 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.67, PENN Entertainment has a forecasted upside of 59.0% from its current price of $23.06.
Amount of Analyst Coverage
PENN Entertainment has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
10.83% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PENN Entertainment has recently increased by 8.68%, indicating that investor sentiment is decreasing significantly.

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.

1.9

News and Social Media Coverage

News Sentiment
PENN Entertainment has a news sentiment score of 0.37. 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 lower news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for PENN Entertainment this week, compared to 24 articles on an average week.
Search Interest
Only 27 people have searched for PENN on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
MarketBeat Follows
18 people have added PENN Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase of 125% 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 $260,131.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.80% of the stock of PENN Entertainment is held by insiders.
Percentage Held by Institutions
82.34% of the stock of PENN Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for PENN Entertainment are expected to decrease by -47.41% in the coming year, from $1.16 to $0.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PENN Entertainment is 5.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of PENN Entertainment is 5.26, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.46.
Price to Earnings Growth Ratio
PENN Entertainment has a PEG Ratio of 4.18. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
PENN Entertainment has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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.

September 1, 2023 | marketbeat.com

3 Stocks to Buy Now Ahead of Seasonal September Tailwinds (PENN)

It’s that time of year. Students are returning to classes again. NFL season is kicking off again. This means demand rises again for transportation. After a t

September 29, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

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

September 27, 2023 | msn.com

Penn Badgley Joins Kevin Bacon for 'Best Crossover' Video

September 29, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

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 19, 2023 | americanbankingnews.com

PENN Entertainment (NASDAQ:PENN) Price Target Lowered to $26.00 at Morgan Stanley

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: 9/29/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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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: +59.0%
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: 5.26
Forward P/E Ratio: 19.88
P/E Growth: 4.16
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: 0.54
Cash Flow: $5.34 per share
Price / Cash Flow: 4.32
Book Value: $23.06 per share
Price / Book: 1.00

Miscellaneous

Outstanding Shares: 151,040,000
Free Float: 148,318,000
Market Cap: $3.48 billion
Optionable: Optionable
Beta: 2.19

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Key Executives

Mr. 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 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 equities 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 equities 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 brokerages have issued 12-month price objectives for PENN Entertainment's shares. Their PENN share price forecasts range from $26.00 to $54.00. On average, they anticipate the company's stock price to reach $36.67 in the next twelve months. This suggests a possible upside of 59.0% 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 2023. Since then, PENN stock has decreased by 22.4% and is now trading at $23.06.
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 quarterly earnings results on Wednesday, August, 9th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 net margin of 11.24% and a trailing twelve-month return on equity of 7.10%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS.
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 declared that its Board of Directors has initiated a share buyback 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 repurchase up to 9.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership 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 $23.06.
How much money does PENN Entertainment make?: PENN Entertainment (NASDAQ:PENN) has a market capitalization of $3.48 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 9/29/2023 by MarketBeat.com Staff

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PENN Entertainment (PENN) Stock Forecast, Price & News

PENN Entertainment MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

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

Earnings and Valuation

About PENN Entertainment (NASDAQ:PENN) Stock

PENN Price History

PENN Stock News Headlines

PENN 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 - Frequently Asked Questions

Overall MarketRank^™