NASDAQ:PENN

PENN Entertainment - PENN Stock Forecast, Price & News

$32.01

+0.18 (+0.57%)

(As of 09/8/2022 11:04 AM ET)

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Today's Range: $30.91
▼
$32.06
50-Day Range: $29.15
▼
$37.70
52-Week Range: $26.46
▼
$86.40

Volume: 55,897 shs
Average Volume: 2.33 million shs
Market Capitalization: $5.08 billion

P/E Ratio: 26.24
Dividend Yield: N/A
Price Target: $62.50

PENN Entertainment MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 96.4% Upside
$62.50 Price Target
Short Interest: Healthy
5.98% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.74
Upright™ Environmental Score
News Sentiment: 0.08
Based on 5 Articles This Week
Insider Trading: Selling Shares
$193,421 Sold Last Quarter
Proj. Earnings Growth: 38.46%
From $1.30 to $1.80 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

111th out of 274 stocks

Hotels & Motels Industry

12th out of 26 stocks

3.4

Analyst's Opinion

Consensus Rating
PENN Entertainment has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $62.50, PENN Entertainment has a forecasted upside of 96.4% from its current price of $31.83.
Amount of Analyst Coverage
PENN Entertainment has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
5.98% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PENN Entertainment has recently decreased by 5.39%, indicating that investor sentiment is improving 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.

1.7

News and Social Media Coverage

News Sentiment
PENN Entertainment has a news sentiment score of 0.08. 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 0.41 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for PENN Entertainment this week, compared to 8 articles on an average week.
Search Interest
Only 24 people have searched for PENN on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
27 people have added PENN Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PENN Entertainment insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $193,421.00 in company stock.
Percentage Held by Insiders
Only 1.50% of the stock of PENN Entertainment is held by insiders.
Percentage Held by Institutions
82.62% of the stock of PENN Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for PENN Entertainment are expected to grow by 38.46% in the coming year, from $1.30 to $1.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PENN Entertainment is 26.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of PENN Entertainment is 26.09, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 9.53.
Price to Earnings Growth Ratio
PENN Entertainment has a PEG Ratio of 19.68. 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 1.33. 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 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. 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.

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PENN Stock News Headlines

August 26, 2022 | marketbeat.com

MarketBeat: Week in Review 8/22 - 8/26 (PENN)

The markets are selling on news that interest rate hikes will continue past September. But here are some of the other stories for investors to follow this week

August 25, 2022 | marketbeat.com

PENN Entertainment Stock is Reset and Ready to Rebound

Domestic casino and gaming operator PENN Entertainment (NASDAQ: PENN) stock has changed its name to reflect the nature of its gaming businesses.

September 8, 2022 | finance.yahoo.com

Dayton-area racino prepping for sports wagers

September 7, 2022 | msn.com

Lions Legacy Club Has Big Plans for Penn State Football

September 6, 2022 | msn.com

Why Sean Penn And Ben Stiller Have Been Banned From Russia

September 6, 2022 | msn.com

Ben Stiller, Sean Penn banned from Russia

September 4, 2022 | americanbankingnews.com

Analysts Set PENN Entertainment, Inc. (NASDAQ:PENN) Target Price at $62.50

September 2, 2022 | marketwatch.com

PVH, PENN Entertainment, Dynatrace, Annaly Capital Mgmt. to Join S&P 400

August 28, 2022 | nasdaq.com

PENN Entertainment, Inc.'s (NASDAQ:PENN) Intrinsic Value Is Potentially 98% Above Its Share Price

August 24, 2022 | seekingalpha.com

Penn Entertainment: Mr. Market Still Doesn't Get Why It's Undervalued As Regionals Recover

August 24, 2022 | msn.com

Sean Penn's company to produce political thriller 'Killers & Diplomats'

August 19, 2022 | americanbankingnews.com

Saul Reibstein Sells 5,086 Shares of PENN Entertainment, Inc. (NASDAQ:PENN) Stock

August 18, 2022 | 247wallst.com

Penn Entertainment Announces Deal To Acquire The Rest Of Barstool Sports

August 18, 2022 | finance.yahoo.com

Penn Entertainment set to close purchase of Barstool Sports by February 2023

August 18, 2022 | msn.com

Penn purchases remainder of Barstool Sports for $387 million

August 18, 2022 | finance.yahoo.com

Penn set to acquire remaining shares of Barstool Sports

August 17, 2022 | marketwatch.com

Penn Entertainment Increases Stake in Barstool Sports to 100% Ownership -- Update

August 17, 2022 | msn.com

Penn Entertainment to buy 100% of Barstool Sports

August 17, 2022 | seekingalpha.com

Penn Entertainment takes Barstool Sports stake to 100%

August 17, 2022 | marketwatch.com

Penn Entertainment Increases Stake in Barstool Sports to 100% Ownership

August 16, 2022 | americanbankingnews.com

Analysts Set Expectations for Penn National Gaming, Inc.'s FY2022 Earnings (NASDAQ:PENN)

August 12, 2022 | finance.yahoo.com

FanDuel posts profitable quarter despite leaning in 'harder' on customer acquisition

August 4, 2022 | msn.com

‘Today is an exciting day’: Penn National Gaming has a new name

August 4, 2022 | finance.yahoo.com

Penn National Gaming (PENN) Q2 2022 Earnings Call Transcript

August 4, 2022 | seekingalpha.com

Penn National Gaming, Inc. (PENN) CEO Jay Snowden on Q2 2022 Results - Earnings Call Transcript

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30 days | 90 days | 365 days | Advanced Chart

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PENN Company Calendar

Last Earnings: 8/04/2022
Today: 9/08/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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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: 21,973
Year Founded: 1972

Price Target and Rating

Average Stock Price Forecast: $62.50
High Stock Price Forecast: $115.00
Low Stock Price Forecast: $38.00
Forecasted Upside/Downside: +95.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.22
Trailing P/E Ratio: 26.24
Forward P/E Ratio: 24.62
P/E Growth: 19.68
Net Income: $420.80 million
Net Margins: 3.33%
Pretax Margin: 5.70%
Return on Equity: 5.65%
Return on Assets: 1.22%

Debt

Debt-to-Equity Ratio: 1.80
Current Ratio: 1.90
Quick Ratio: 1.90

Sales & Book Value

Annual Sales: $5.91 billion
Price / Sales: 0.86
Cash Flow: $4.82 per share
Price / Cash Flow: 6.64
Book Value: $24.02 per share
Price / Book: 1.33

Miscellaneous

Outstanding Shares: 158,560,000
Free Float: 156,185,000
Market Cap: $5.08 billion
Optionable: Optionable
Beta: 2.24

Social Links

Key Executives

Mr. Jay A. Snowden (Age 46)
Pres, CEO & Director
Comp: $8.78M

Ms. Felicia Rae Kantor Hendrix (Age 53)
Exec. VP & CFO
Comp: $1.91M

Mr. Todd George (Age 52)
Exec. VP of Operations
Comp: $1.87M

Ms. Harper H. Ko (Age 48)
Exec. VP, Chief Legal Officer & Sec.
Comp: $1.61M

Ms. Christine LaBombard (Age 52)
Sr. VP & Chief Accounting Officer

Mr. Richard Primus
Sr. VP & Chief Information Officer

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

Mr. Albert T. Britton (Age 65)
Sr. VP of Regional Operations

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 5 hold ratings and 12 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 2022?: 17 brokers have issued 1-year price targets for PENN Entertainment's stock. Their PENN share price forecasts range from $38.00 to $115.00. On average, they expect the company's stock price to reach $62.50 in the next twelve months. This suggests a possible upside of 96.4% 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 2022?: PENN Entertainment's stock was trading at $51.85 at the beginning of the year. Since then, PENN stock has decreased by 38.6% and is now trading at $31.83.
View the best growth stocks for 2022 here.
When is PENN Entertainment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our PENN earnings forecast.
How were PENN Entertainment's earnings last quarter?: PENN Entertainment, Inc. (NASDAQ:PENN) released its earnings results on Thursday, August, 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.35. The firm earned $1.63 billion during the quarter, compared to the consensus estimate of $1.60 billion. PENN Entertainment had a net margin of 3.33% and a trailing twelve-month return on equity of 5.65%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS.
Read the conference call transcript.
How will PENN Entertainment's stock buyback program work?: PENN Entertainment declared that its board has approved a stock repurchase program 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 programs are generally a sign 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 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.15 billion-$6.55 billion, compared to the consensus revenue estimate of $6.36 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 investors include State Street Corp (3.30%), Contrarius Investment Management Ltd (1.57%), Renaissance Technologies LLC (1.46%), Bank of Nova Scotia (1.30%), Bank of Nova Scotia (1.30%) and Northern Trust Corp (0.85%). 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 $31.83.
How much money does PENN Entertainment make?: PENN Entertainment (NASDAQ:PENN) has a market capitalization of $5.05 billion and generates $5.91 billion in revenue each year. The company earns $420.80 million in net income (profit) each year or $1.22 on an earnings per share basis.
How many employees does PENN Entertainment have?: The company employs 21,973 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
When was PENN Entertainment founded?: PENN Entertainment was founded in 1972.
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 9/8/2022 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