PENN EntertainmentPENN
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
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
25% more call options, than puts
Call options by funds: $175M | Put options by funds: $140M
8% more capital invested
Capital invested by funds: $2.41B [Q1] → $2.6B (+$183M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 8 (+0) [Q2]
0.46% less ownership
Funds ownership: 96.69% [Q1] → 96.23% (-0.46%) [Q2]
8% less funds holding
Funds holding: 385 [Q1] → 355 (-30) [Q2]
10% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 117
29% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 76
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
JMP Securities Jordan Bender | 27%upside $25 | Market Outperform Maintained | 8 Aug 2025 |
Needham Bernie McTernan | 12%upside $22 | Buy Maintained | 8 Aug 2025 |
Barclays Felicia Hendrix | 12%upside $22 | Overweight Maintained | 18 Jul 2025 |
Morgan Stanley Stephen Grambling | 14%downside $17 | Equal-Weight Maintained | 11 Jul 2025 |
Stifel Jeffrey Stantial | 3%downside $19 | Hold Maintained | 11 Jul 2025 |
Financial journalist opinion
Based on 13 articles about PENN published over the past 30 days









