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NASDAQ:PENN

PENN Entertainment (PENN) Stock Forecast, Price & News

$26.41
+1.61 (+6.49%)
(As of 06/2/2023 ET)
Compare
Today's Range
$25.25
▼
$26.53
50-Day Range
$23.18
▼
$30.53
52-Week Range
$23.16
▼
$39.35
Volume
3.32 million shs
Average Volume
2.44 million shs
Market Capitalization
$4.07 billion
P/E Ratio
6.52
Dividend Yield
N/A
Price Target
$38.65
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

PENN Entertainment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
46.8% Upside
$38.65 Price Target
Short Interest
Bearish
10.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.27mentions of PENN Entertainment in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.59%
From $1.61 to $1.70 Per Share

Overall MarketRank™

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

2.28 out of 5 stars

Consumer Discretionary Sector

122nd out of 273 stocks

Hotels & Motels Industry

12th out of 27 stocks

See Top Rated MarketRank™ Stocks Here

PENN stock logo

About PENN Entertainment (NASDAQ:PENN) Stock

PENN Entertainment, Inc. owns and manages gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. It operates through the following business segments: Northeast, South, West, Midwest, Interactive, and Other. The Northeast segment consists of properties including Ameristar East Chicago, Greektown Casino-Hotel, and Hollywood Casino Bangor. The South segment operates properties including 1st Jackpot Casino, Ameristar Vicksburg, and Boomtown Biloxi. The West segment includes Ameristar Black Hawk, Cactus Pete's and Horseshu, and M Resort. The Midwest segment consists of properties including Ameristar Council Bluffs, Argosy Casino Alton, and Argosy Casino Riverside. The Interactive segment operates the online sports betting and casino applications. The Other segment manages properties including Freehold Raceway, Retama Park Racetrack, and Sanford-Orlando Kennel Club. The company was founded by Peter M. Carlino in 1982 and is headquartered in Wyomissing, PA.

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PENN Stock News Headlines

June 2, 2023 | yahoo.com
Recruiting update: Penn State football makes a big 2024 addition at quarterback in May
June 2, 2023 | yahoo.com
‘You’ star Penn Badgley lists NY oasis. Does the basement have a cage? Take a look
June 2, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
June 1, 2023 | msn.com
Dave Portnoy denies rift with Penn Entertainment, insists Barstool isn’t run by ‘woke overlords’
June 1, 2023 | msn.com
Dave Portnoy personally hires Ben Mintz after Penn Entertainment fired Mintz from Barstool for reading racial slur
May 31, 2023 | yahoo.com
Most of Penn State football’s games now have kickoff times, networks. See the schedule
May 31, 2023 | yahoo.com
Penn Badgley’s Catskills Home Lists for $1.7 Million
May 31, 2023 | yahoo.com
Penn Badgley Lists Home in New York's Catskill Mountains for $1.7 Million — See Inside!
June 2, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
May 31, 2023 | msn.com
What Is Penn Badgley’s Net Worth?
May 31, 2023 | msn.com
'You' star Penn Badgley lists Catskills estate for $1.7 million
May 30, 2023 | msn.com
Viewers cringe as The One Show's Angellica Bell royally messes up Penn & Teller's trick
May 29, 2023 | yahoo.com
Remembering the Penn Staters who made the ultimate sacrifice for our country
May 28, 2023 | yahoo.com
Over the Garden Gate: Become a Penn State Master Gardener in Beaver County
May 28, 2023 | yahoo.com
‘You’ve got to invest.’ How Penn State’s AD wants to change perception around basketball
May 26, 2023 | yahoo.com
Michigan man charged in 2000 rape of Penn State student named in lawsuit by accuser
May 26, 2023 | msn.com
PENN Entertainment: Undervalued In Relation To Its Peers
May 26, 2023 | yahoo.com
Penn State’s accrediting agency requests documents on student life, treatment of student-athletes
May 26, 2023 | msn.com
PENN Entertainment: Blitzed By Mr. Market Despite Mostly Solid Performance
May 25, 2023 | yahoo.com
Sandusky ordered to pay nearly $45K as former Penn State assistant coach pushes for new trial
May 25, 2023 | msn.com
Barstool’s Dave Portnoy unsure of Penn Entertainment’s future plans for him: ‘My contract’s done in 20 months’
May 24, 2023 | msn.com
Benzinga Names Penn Entertainment A 'Heavy Hitter' Award Recipient At Inaugural Titans Sports Betting Event
May 24, 2023 | yahoo.com
Penn State men’s golf coach Greg Nye retires after decades-long career in coaching
May 23, 2023 | yahoo.com
Kick Gurry and Matthew Fox on ‘Caught,’ a Satirical Take on Modern Fame and Identity, Backed by Sean Penn (EXCLUSIVE)
May 22, 2023 | yahoo.com
Sean Penn to Star in Director Myroslav Slaboshpytskyi’s Ukraine War Movie
May 22, 2023 | yahoo.com
Penn State basketball adds Miami C and former 4-star recruit Favour Aire from transfer portal
May 22, 2023 | benzinga.com
Sean Penn To Star In Ukrainian Film: Director Says Actor 'One Of Ukraine's Great Friends'
See More Headlines

PENN Price History

PENN Company Calendar

Last Earnings
2/02/2023
Today
6/02/2023
Next Earnings (Estimated)
8/03/2023
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
$38.65
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+50.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.05
Trailing P/E Ratio
6.34
Forward P/E Ratio
15.95
P/E Growth
4.98
Net Income
$222.10 million
Net Margins
10.52%
Pretax Margin
11.65%
Return on Equity
5.92%
Return on Assets
1.28%

Debt

Debt-to-Equity Ratio
1.23
Current Ratio
1.38
Quick Ratio
1.35

Sales & Book Value

Annual Sales
$6.40 billion
Price / Sales
0.62
Cash Flow
$5.28 per share
Price / Cash Flow
4.86
Book Value
$27.01 per share
Price / Book
0.95

Miscellaneous

Outstanding Shares
154,120,000
Free Float
151,341,000
Market Cap
$3.96 billion
Optionable
Optionable
Beta
2.22

Social Links


Key Executives

  • Jay A. SnowdenJay A. Snowden
    President, Chief Executive Officer & Director
  • Todd George
    Executive Vice President-Operations
  • Felicia Kantor Hendrix
    Chief Financial Officer & Executive Vice President
  • Richard Primus
    Chief Information Officer & Senior Vice President
  • Harper H. Ko
    Secretary, Chief Legal Officer & Executive VP

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 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PENN shares.
View PENN analyst ratings or view top-rated stocks.

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

17 brokerages have issued 1-year price objectives for PENN Entertainment's stock. Their PENN share price forecasts range from $27.00 to $54.00. On average, they predict the company's share price to reach $38.65 in the next year. This suggests a possible upside of 50.5% 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 13.5% and is now trading at $25.68.
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, August 3rd 2023.
View our PENN earnings forecast.

How were PENN Entertainment's earnings last quarter?

PENN Entertainment, Inc. (NASDAQ:PENN) issued its quarterly earnings results on Thursday, February, 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.20. The company earned $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. PENN Entertainment had a net margin of 10.52% and a trailing twelve-month return on equity of 5.92%. PENN Entertainment's revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 EPS.

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), Inverse Cramer Tracker ETF (SJIM), iBET Sports Betting & Gaming ETF (IBET), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK), BlackRock Future Innovators ETF (BFTR), Invesco Select Growth ETF (IVSG) and Arrow Reverse Cap 500 ETF (YPS).

How will PENN Entertainment's stock buyback program work?

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

What guidance has PENN Entertainment issued on next quarter's earnings?

PENN Entertainment updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.37 billion-$6.81 billion, compared to the consensus revenue estimate of $6.46 billion.

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."

Who are PENN Entertainment's major shareholders?

PENN Entertainment's stock is owned by many different retail and institutional investors. Top institutional shareholders include State Street Corp (2.78%), Renaissance Technologies LLC (1.52%), Geode Capital Management LLC (1.51%), Charles Schwab Investment Management Inc. (0.90%), American Century Companies Inc. (0.78%) and Dimensional Fund Advisors LP (0.74%). Insiders that own company stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, 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.

What is PENN Entertainment's stock price today?

One share of PENN stock can currently be purchased for approximately $25.68.

How much money does PENN Entertainment make?

PENN Entertainment (NASDAQ:PENN) has a market capitalization of $3.96 billion and generates $6.40 billion in revenue each year. The company earns $222.10 million in net income (profit) each year or $4.05 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 6/2/2023 by MarketBeat.com Staff

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