Streetbeat News

PENN

PENN Entertainment, Inc.

https://www.pennentertainment.com

Industry

Gambling, Resorts & Casinos

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.

Open

20.72

Mkt cap

3.2B

Volume

High

20.84

P/E Ratio

-5.90

52-wk high

27.21

Low

20.37

Div yield

N/A

52-wk low

13.50

PENN Entertainment's short interest has decreased by 8.03%, with 16.49% of its float sold short. This is higher than its peers' average of 3.96%. The decrease in short interest may indicate a shift in market sentiment towards a more bullish outlook.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 2:00 pm

Analysts have provided mixed ratings for PENN Entertainment over the past three months, with a recent average price target increase to $23.91. Despite some positive adjustments, PENN faces challenges with declining revenue, low net margins, and below-average ROE and ROA. The company's prudent debt management and strategic partnerships, such as with ESPN, are notable.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 2:00 pm

Morgan Stanley analyst Stephen Grambling maintains an Equal-Weight rating on PENN Entertainment but lowers the price target from $21 to $20.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:34 pm

DraftKings (DKNG) is positioned strongly ahead of the 2024 NFL season with aggressive promotions and a solid market share. Analyst Bernie McTernan maintains a Buy rating with a $60 price target, noting DraftKings' competitive edge in customer acquisition and promotional strategies compared to rivals like FanDuel and ESPN Bet.

Portfolio Pulse from Chris Katje

September 03, 2024 | 4:52 pm

PENN Entertainment's short interest has fallen by 8.03%, with 22.23 million shares sold short, representing 16.49% of its float. This decline in short interest may indicate a shift in market sentiment towards a more bullish outlook. Comparatively, PENN has a higher short interest than its peers, whose average is 3.82%.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 8:00 pm

Macquarie analyst Chad Beynon maintains an Outperform rating on PENN Entertainment (NASDAQ:PENN) with a $26 price target.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:04 pm

PENN Entertainment (NASDAQ:PENN) has been analyzed by 13 analysts over the past three months, showing a range of ratings from bullish to bearish. The average 12-month price target is $23.58, with a high of $30.00 and a low of $17.50. Recent analyst actions include several rating raises and a few maintains, reflecting mixed sentiments about the company's future performance.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 9:00 pm

Deutsche Bank analyst Carlo Santarelli maintains a Hold rating on PENN Entertainment (NASDAQ:PENN) and raises the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:50 pm

Penn Entertainment Inc (NASDAQ:PENN) beat earnings estimates in Q2, but analysts are divided on its future prospects. Benchmark issued a Hold rating, while Truist issued a Buy rating with a $25 price target. Concerns include potential aggressive promotional activities and competitiveness in the sports betting market.

Portfolio Pulse from Hayden Buckfire

August 09, 2024 | 3:09 pm

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