PENN Entertainment (PENN)

• Market cap: $2.76B
• 1 day: -0.05%
• 5 days: -5.5%
• 1 month: 1.23%
• 3 months: 14.81%
• 6 months: 9.56%
• Year to date: -1.72%
• 1 year: -4.4%
• 5 years: -74.1%
• 10 years: 4.3%
• Sector: Consumer Discretionary
• Industry: Resorts & Casinos

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)

24% more call options, than puts

Call options by funds: $202M | Put options by funds: $163M

8% more capital invested

Capital invested by funds: $2.41B [Q1] → $2.6B (+$187M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 8 [Q1] → 8 (+0) [Q2]

0.32% less ownership

Funds ownership: 96.69% [Q1] → 96.37% (-0.32%) [Q2]

7% less funds holding

Funds holding: 385 [Q1] → 358 (-27) [Q2]

11% less repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 119

29% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 76

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $17
• Avg. target: $22
• High target: $25

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

JMP Securities Jordan Bender	$25	Market Outperform Maintained	8 Aug 2025
Needham Bernie McTernan	$22	Buy Maintained	8 Aug 2025
Barclays Felicia Hendrix	$22	Overweight Maintained	18 Jul 2025
Morgan Stanley Stephen Grambling	$17	Equal-Weight Maintained	11 Jul 2025
Stifel Jeffrey Stantial	$19	Hold Maintained	11 Jul 2025