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 7,296 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
175% more call options, than puts
Call options by funds: $486M | Put options by funds: $177M
33% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 48
14% more funds holding in top 10
Funds holding in top 10: 7 [Q4 2024] → 8 (+1) [Q1 2025]
11% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 109
2% more funds holding
Funds holding: 376 [Q4 2024] → 384 (+8) [Q1 2025]
4.65% less ownership
Funds ownership: 101.27% [Q4 2024] → 96.61% (-4.65%) [Q1 2025]
21% less capital invested
Capital invested by funds: $3.06B [Q4 2024] → $2.41B (-$653M) [Q1 2025]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$16.50
6%
upside
Avg. target
$22
39%
upside
High target
$26
67%
upside
6 analyst ratings
3 positive
50%
3 neutral
50%
0 negative
0%
Susquehanna Joseph Stauff | 60%upside $25 | Positive Maintained | 10 Jun 2025 |
Mizuho Ben Chaiken | 54%upside $24 | Outperform Maintained | 12 May 2025 |
Canaccord Genuity Jason Tilchen | 67%upside $26 | Buy Maintained | 5 May 2025 |
Truist Securities Barry Jonas | 28%upside $20 | Hold Maintained | 23 Apr 2025 |
Morgan Stanley Stephen Grambling | 6%upside $16.50 | Equal-Weight Maintained | 16 Apr 2025 |
Financial journalist opinion
Based on 13 articles about PENN published over the past 30 days
Neutral
Business Wire
5 days ago
HG Vora: Now is Your Last Chance to Vote for Genuine, Shareholder-Driven Change at PENN Entertainment
NEW YORK--(BUSINESS WIRE)--HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) sent a letter to shareholders of PENN Entertainment, Inc. (NASDAQ: PENN) (“PENN” or the “Company”) urging them to cast their votes “FOR” the election of all three independent director candidates nominated by HG Vora – William Clifford, Johnny Hartnett, and Carlos Ruisanchez – to the Company's Board of Directors (the “Board”) on the GOLD proxy card at PENN's 2025 Annual Meeting of Shareholders (t.
Neutral
Business Wire
5 days ago
Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment's Director Nominees on the WHITE Proxy Card
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today announced that leading independent proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) has recommended that shareholders vote “FOR” PENN's two director nominees – Johnny Hartnett and Carlos Ruisanchez – on the Company's WHITE proxy card in connection with the Company's upcoming 2025 Annual Meeting of Shareholders (the “Annual Meeting”) on June 17, 2025. In its report dated June 9, 20.
Neutral
Business Wire
1 week ago
PENN Entertainment Responds to ISS Report
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today made the following statement in response to the report issued today by Institutional Shareholder Services (“ISS”) related to the Company's 2025 Annual Meeting of Shareholders (the “Annual Meeting”) on June 17, 2025: The ISS report confirms that two director seats are up for election at the 2025 Annual Meeting and that PENN and HG Vora have nominated and are recommending the same two highly-.
Neutral
Business Wire
1 week ago
Leading Proxy Advisory Firm ISS Recommends PENN Entertainment Shareholders Vote “FOR” All Three Director Candidates Nominated by HG Vora
NEW YORK--(BUSINESS WIRE)--HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that shareholders of PENN Entertainment, Inc. (NASDAQ: PENN) (“PENN” or the “Company”) cast their votes “FOR” the election of all three independent director candidates nominated by HG Vora – William Clifford, Johnny Hartnett, and Carlos Ruisanchez – to the Company's Bo.
Neutral
Business Wire
2 weeks ago
PENN Entertainment Sets August 11 as Grand Opening Date for New Hollywood Casino Joliet in Illinois
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it expects to open the new land-based Hollywood Casino Joliet to the public on Monday, August 11, pending customary regulatory approvals. PENN's newest casino is scheduled to open nearly six months ahead of the Company's originally scheduled construction timeline. The new state-of-the-art destination entertainment facility will anchor Rock Run Collection, a new super-regional.
Neutral
Business Wire
2 weeks ago
PENN Entertainment Files Addendum to Fact Sheet to Correct HG Vora Misstatements
WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today issued the following letter to shareholders. The full text of the letter follows: Dear Fellow Shareholder, On May 19, 2025, we informed you that PENN would not be expending resources to solicit proxies for the PENN White Card over the HG Vora Gold Card as both HG Vora and the Company are recommending the same directors for the two open positions at this year's Annual Meeting. While we attem.
Negative
Seeking Alpha
2 weeks ago
PENN Entertainment: Unlocking Value In Bricks, Not Bets
PENN's online sports betting efforts, especially ESPN Bets, have underperformed due to poor user experience and unsustainable promo-driven growth. Increased competition is pressuring both PENN's interactive and brick-and-mortar segments, leading to negative growth, accompanied by potential macroeconomic headwinds. My valuation suggests a fair value of $14.03; however, there is over 40% upside to be realized contingent on PENN divesting from its interactive segment.
Positive
Seeking Alpha
3 weeks ago
PENN Entertainment: Pivot Unlocks Value; Initiate Strong Buy
We rate PENN Entertainment Strong Buy with a $43 PT, driven by above-consensus FY25 revenue and undervalued growth in iCasino and Canada. Strategic retrenchment from ESPN BET in FY26 will moderate revenue growth but drive margin expansion and higher-quality earnings. Retail market share gains and new property openings anchor cash generation, supporting both digital investment and shareholder returns.
Neutral
Business Wire
3 weeks ago
HG Vora Releases Investor Presentation Highlighting Need for Shareholder-Led Change at PENN Entertainment
NEW YORK--(BUSINESS WIRE)--HG Vora Capital Management, LLC (together with its affiliates, “HG Vora”) today released a comprehensive presentation highlighting the urgent need for change on the Board of Directors of PENN Entertainment, Inc. (NASDAQ: PENN) (“PENN” or the “Company”) at the Company's 2025 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on June 17, 2025. HG Vora encourages all shareholders to review the presentation here and access additional related materials at www.
Neutral
Business Wire
3 weeks ago
Shake Shack and PENN Entertainment Team Up to Bring Popular Burger Brand to Ten PENN Properties
WYOMISSING, Pa. & NEW YORK--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN”) (Nasdaq: PENN) and Shake Shack Inc. (“Shake Shack”) (NYSE: SHAK) today announced a licensing partnership to bring the iconic burger brand to ten of PENN's casino locations throughout the country. The first Shacks are expected to open at Hollywood Casino Toledo, Ohio and River City Casino Hotel in St. Louis, Mo. in 2026, pending customary regulatory approvals. Shake Shack, whose purpose is to Stand For Something Good®.
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