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

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Portfolio Pulse from Avi Kapoor

May 31, 2024 | 2:40 pm

Susquehanna analyst Joseph Moore maintains a Positive rating on PENN Entertainment but lowers the price target from $27 to $26.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 2:16 pm

PENN Entertainment shares are trading higher after shareholder Donerail Group sent a letter to the company's board suggesting that the company could see its stock price double in the event of a sale.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:41 pm

The Donerail Group has identified significant value potential in PENN Entertainment, criticizing its current strategy and capital allocation. Donerail suggests that PENN's trading price could double if the company is sold.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:41 pm

Raymond James has initiated coverage on PENN Entertainment with an Outperform rating and set a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:47 am

At Benzinga's Sports Betting & Gaming Conference, Macquarie's Head of US Research, Chad Beynon, discussed PENN Entertainment. He noted improvements in PENN's app and its rise in rankings. Beynon believes the impact will be more visible during the NFL season and sees potential upside from ESPN Bet. Despite recent downgrades, he considers the $28 price target as a floor, with potential for it to be higher.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:17 pm

Macquarie's Head of US Research, Chad Beynon, discussed PENN Entertainment at Benzinga's Sports Betting & Gaming Conference. PENN has received three downgrades from major banks in the past month. They have acquired Score in Canada and Bar Stool, and started a deal with ESPN Bet. ESPN holds stock and a warrant in PENN. Macquarie has a $28 price target for PENN, valuing its land-based business at ~$20 and the ESPN Bet deal at $8.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:15 pm

Needham analyst Bernie McTernan reiterated a Buy rating on Penn Entertainment (PENN) with a $26 price target, citing optimism about PENN's partnership with ESPN. McTernan believes this partnership can help PENN gain market share and leverage ESPN's brand for future growth.

Portfolio Pulse from Hayden Buckfire

May 15, 2024 | 6:11 pm

18 analysts have recently published ratings on PENN Entertainment (NASDAQ:PENN), showing a range of perspectives from bullish to bearish. The average 12-month price target has decreased by 7.63% to $25.19. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment. PENN Entertainment faces challenges with declining revenue, low net margins, and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 2:01 pm

Needham analyst Bernie McTernan has reiterated a Buy rating on PENN Entertainment (NASDAQ:PENN) and maintained a price target of $26.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 10:07 am

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