PENN Entertainment (PENN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $21.05 to $21.63
• 50-Day Range: $18.34 to $21.54
• 52-Week Range: $13.50 to $27.20
• Volume: 2.74 million shs
• Average Volume: 4.96 million shs
• Market Capitalization: $3.22 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $23.29
• Consensus Rating: Moderate Buy

PENN Entertainment Stock Analysis - MarketRank™

PENN Entertainment scored higher than 80% of companies evaluated by MarketBeat, and ranked 91st out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

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 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for PENN Entertainment are expected to grow in the coming year, from ($1.53) to $0.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PENN Entertainment is -5.94, 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 -5.94, 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 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

12.19% 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 6.3.

Change versus previous month

Short interest in PENN Entertainment has recently decreased by 7.44%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

PENN Entertainment does not currently pay a dividend.

Dividend Growth

PENN Entertainment does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.0 / 5
• Environmental Score: -0.74

Percentage of Shares Shorted

12.19% 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 6.3.

Change versus previous month

Short interest in PENN Entertainment has recently decreased by 7.44%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.93

News Sentiment

PENN Entertainment has a news sentiment score of 0.93. 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 0.75 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for PENN Entertainment this week, compared to 11 articles on an average week.

Search Interest

Only 6 people have searched for PENN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

5 people have added PENN Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

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 $1,450,548.00 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.

PENN Stock Analysis - Frequently Asked Questions

How have PENN shares performed this year?

PENN Entertainment's stock was trading at $26.02 at the beginning of the year. Since then, PENN shares have decreased by 19.0% and is now trading at $21.08.
View the best growth stocks for 2024 here.

How were PENN Entertainment's earnings last quarter?

PENN Entertainment, Inc. (NASDAQ:PENN) posted its quarterly earnings results on Thursday, November, 7th. The company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.04. The business's quarterly revenue was up 1.2% on a year-over-year basis.
Read the conference call transcript.

Does PENN Entertainment have any subsidiaries?

PENN Entertainment subsidiaries include these companies: Greektown Casino-Hotel, Margaritaville Resort Casino, Absolute Games, Pinnacle Entertainment, Rocket Games, Prairie State Gaming, Tropicana Las Vegas Hotel and Casino, and more.

Who are PENN Entertainment's major shareholders?

Top institutional investors of PENN Entertainment include State Street Corp (3.23%), Geode Capital Management LLC (1.54%), Assenagon Asset Management S.A. (0.93%) and Charles Schwab Investment Management Inc. (0.84%). Insiders that own company stock include Jay A Snowden, David A Handler, Felicia Hendrix, Jane Scaccetti, Saul Reibstein, Anuj Dhanda, 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 Humana (HUM), American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 11/28/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

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: $23.29
• High Stock Price Target: $30.00
• Low Stock Price Target: $19.00
• Potential Upside/Downside: +10.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.55)
• 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: -8.51%
• Pretax Margin: -9.52%
• Return on Equity: -14.44%
• Return on Assets: -2.85%

Debt

• Debt-to-Equity Ratio: 2.34
• Current Ratio: 0.94
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $6.36 billion
• Price / Sales: 0.51
• Cash Flow: $3.57 per share
• Price / Cash Flow: 5.90
• Book Value: $20.05 per share
• Price / Book: 1.05

Miscellaneous

• Outstanding Shares: 152,630,000
• Free Float: 149,286,000
• Market Cap: $3.22 billion
• Optionable: Optionable
• Beta: 2.09