PENN EntertainmentPENN
PENN
About: Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands, including Hollywood Casino and Ameristar. Land-based casinos represented 85% of total sales in 2024; 15% was from the interactive segment, which includes sports, iGaming, and media revenue. The retail portfolio generates mid-30s EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media assets, theScore and ESPN (starting with its partnership launch in November 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
Employees: 23,118
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
42% more call options, than puts
Call options by funds: $310M | Put options by funds: $218M
8% more capital invested
Capital invested by funds: $2.84B [Q3] → $3.06B (+$225M) [Q4]
2.69% more ownership
Funds ownership: 98.54% [Q3] → 101.23% (+2.69%) [Q4]
4% less funds holding
Funds holding: 390 [Q3] → 374 (-16) [Q4]
11% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 63
22% less funds holding in top 10
Funds holding in top 10: 9 [Q3] → 7 (-2) [Q4]
28% less repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 132
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$16.50
8%
upside
Avg. target
$22
47%
upside
High target
$26
71%
upside
8 analyst ratings
4 positive
50%
4 neutral
50%
0 negative
0%
Truist Securities Barry Jonas 34% 1-year accuracy 13 / 38 met price target | 31%upside $20 | Hold Maintained | 23 Apr 2025 |
Morgan Stanley Stephen Grambling 45% 1-year accuracy 15 / 33 met price target | 8%upside $16.50 | Equal-Weight Maintained | 16 Apr 2025 |
Susquehanna Joseph Stauff 41% 1-year accuracy 15 / 37 met price target | 51%upside $23 | Positive Maintained | 15 Apr 2025 |
Stifel Steven Wieczynski 44% 1-year accuracy 16 / 36 met price target | 25%upside $19 | Hold Maintained | 18 Mar 2025 |
Mizuho Ben Chaiken 28% 1-year accuracy 15 / 54 met price target | 64%upside $25 | Outperform Maintained | 4 Mar 2025 |
Financial journalist opinion
Based on 4 articles about PENN published over the past 30 days
Neutral
Business Wire
2 days ago
HG Vora Responds to PENN Entertainment's Desperate Attempt to Disenfranchise Shareholders and Evade Accountability
NEW YORK--(BUSINESS WIRE)--HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today responded to the actions the Board of Directors of PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) took on April 25, 2025, which included reducing the number of seats up for election at PENN's 2025 Annual Meeting of Shareholders (the “Annual Meeting”) from three to two. HG Vora believes the Board's self-serving action, taken in the face of the prospect of losing three Boa.
Neutral
Business Wire
5 days ago
PENN Entertainment Announces Board Refreshment
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today announced that it intends to nominate Johnny Hartnett and Carlos Ruisanchez for election to its Board of Directors following discussions with HG Vora Capital Management, LLC (“HG Vora”). Ron Naples has informed the Board that he will retire from the Board, effective immediately. Barbara Shattuck Kohn and Saul Reibstein have notified the Company that they will not stand for reelection at the.
Neutral
Business Wire
6 days ago
PENN Entertainment Announces Plans for New Land-Based Hollywood Casino to Replace Riverboat Gaming Operations in Council Bluffs, Iowa
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today plans for an expected $180–$200 million project to relocate its Ameristar Casino Hotel Council Bluffs (“Ameristar”) riverboat casino operations to a new, state-of-the-art land-based property to be rebranded as Hollywood Casino Council Bluffs (“Hollywood Council Bluffs”). The proposal was approved by the Iowa Racing and Gaming Commission this morning in conjunction with a 15-year e.
Neutral
Business Wire
3 weeks ago
PENN Entertainment to Report First Quarter Results and Host Conference Call and Webcast on May 8
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2025 first quarter financial results at 7:00 a.m. ET on Thursday, May 8, 2025, followed by a conference call and simultaneous webcast at 9:00 a.m. ET. Both the call and webcast are open to the general public. The conference call number is 203-518-9765 (conference ID: PENN); please call five minutes in advance to ensure that you are connected prior to the presentation. Interested pa.
Neutral
Seeking Alpha
1 month ago
PENN Entertainment's Turnaround May Be Prolonged - Oversold Status Triggers Rich Upside Potential (Rating Upgrade)
PENN's minimal growth profile and yet to bear fruit ESPN Bet have naturally triggered the great pessimism observed in its stock prices and valuations. This is significantly worsened by the mixed near-term prospects, Interactive segment's ongoing cash burn, and the deteriorating balance sheet. On the other hand, while PENN has yet to offer any forward guidance, the consensus forward estimates appear to be rather promising, marking a potential reversal ahead.
Neutral
Zacks Investment Research
2 months ago
PENN Entertainment Q4 Earnings & Revenues Lag Estimates, Rise Y/Y
PENN's fourth-quarter performance gains from disciplined promotional strategies and accelerated growth in the online casino business.
Neutral
Seeking Alpha
2 months ago
PENN Entertainment, Inc. (PENN) Q4 2024 Earnings Call Transcript
Start Time: 09:00 January 1, 0000 10:00 AM ET PENN Entertainment, Inc. (NASDAQ:PENN ) Q4 2024 Earnings Conference Call February 27, 2025, 09:00 AM ET Company Participants Jay Snowden - CEO and President Felicia Hendrix - EVP and CFO Todd George - EVP, Operations Aaron LaBerge - CTO and Head of Interactive Joe Jaffoni - IR Conference Call Participants Carlo Santarelli - Deutsche Bank Barry Jonas - Truist Securities Shaun Kelley - Bank of America Brandt Montour - Barclays Joe Stauff - Susquehanna Chad Beynon - Macquaire Jordan Bender - Citizens Dan Politzer - Wells Fargo Jeff Stantial - Stifel Ryan Sigdahl - Craig-Hallum Operator Greetings and welcome to the PENN Entertainment Fourth Quarter 2024 Earnings Call. I would now like to turn the conference over to Joe Jaffoni, Investor Relations.
Neutral
Zacks Investment Research
2 months ago
PENN Entertainment (PENN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for PENN Entertainment (PENN) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
2 months ago
PENN Entertainment (PENN) Reports Q4 Loss, Misses Revenue Estimates
PENN Entertainment (PENN) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to loss of $1.75 per share a year ago.
Neutral
Business Wire
2 months ago
PENN Entertainment, Inc. Reports Fourth Quarter Results
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the quarter and year ended December 31, 2024. Jay Snowden, Chief Executive Officer and President, said: “PENN's fourth quarter property-level operating results reflect solid performance, as properties not impacted by new supply generated nearly 3% year-over-year revenue growth. Despite well-known, customer friendly sports betting outcomes during the quarter, o.
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