PENN Entertainment (PENN) Stock Overview
Provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for PENN from our risk checks.
PENN Community Fair Values
Create NarrativeSee what 27 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
FR
Community Contributor
Beat down stock due for revaluation in '26
PENN's stock has been a disaster for years. EV is way down.
View narrativeUS$79.65
FV
73.3% undervalued intrinsic discount63
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PENN Entertainment, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$20.57 |
| 52 Week High | US$22.36 |
| 52 Week Low | US$11.65 |
| Beta | 1.42 |
| 1 Month Change | -3.43% |
| 3 Month Change | 32.97% |
| 1 Year Change | 12.22% |
| 3 Year Change | -19.93% |
| 5 Year Change | -71.79% |
| Change since IPO | 2,368.38% |
Recent News & Updates
Narrative Update • Jul 15
PENN: New Casino Openings And Governance Shifts Will Shape Future Performance
The analyst price target for PENN Entertainment has moved from approximately $20.44 to about $22.32, with analysts pointing to a series of recent target revisions across the Street. These revisions reflect their views on regional gaming trends, ongoing growth projects, and the potential for earnings estimate changes.
Narrative Update • Jul 01
PENN: New Regional Casinos And Interactive Turnaround Will Drive Next Rerating
The analyst fair value estimate for PENN Entertainment has shifted from $24.00 to $28.00, with analysts pointing to higher expected returns from new regional properties and broader sector interest as key drivers behind the price target reset. Analyst Commentary Recent research on PENN Entertainment highlights a cluster of supportive views, with several bullish analysts revisiting their price targets and underlying assumptions after reviewing the company’s regional portfolio and project pipeline.Seeking Alpha • Jun 29
PENN Entertainment: A Cautious Buy As The Turnaround Takes Shape
Summary PENN Entertainment is transitioning from a digital-betting disappointment to a credible turnaround story, supported by improved sentiment and Q1 outperformance. Retail casino stability remains foundational; Q2 results are pivotal for confirming the turnaround, with management raising 2026 retail revenue and EBITDAR guidance. Interactive segment losses have narrowed, with a more disciplined digital strategy and profitability targeted by Q4 2026, excluding Alberta launch costs. Valuation is reasonable on recovery earnings, but leverage remains elevated; I rate PENN a cautious buy, contingent on free cash flow delivery and continued deleveraging. Read the full article on Seeking AlphaRecent updates
Narrative Update • Jul 15
PENN: New Casino Openings And Governance Shifts Will Shape Future Performance
The analyst price target for PENN Entertainment has moved from approximately $20.44 to about $22.32, with analysts pointing to a series of recent target revisions across the Street. These revisions reflect their views on regional gaming trends, ongoing growth projects, and the potential for earnings estimate changes.Narrative Update • Jul 01
PENN: New Regional Casinos And Interactive Turnaround Will Drive Next Rerating
The analyst fair value estimate for PENN Entertainment has shifted from $24.00 to $28.00, with analysts pointing to higher expected returns from new regional properties and broader sector interest as key drivers behind the price target reset. Analyst Commentary Recent research on PENN Entertainment highlights a cluster of supportive views, with several bullish analysts revisiting their price targets and underlying assumptions after reviewing the company’s regional portfolio and project pipeline.Seeking Alpha • Jun 29
PENN Entertainment: A Cautious Buy As The Turnaround Takes Shape
Summary PENN Entertainment is transitioning from a digital-betting disappointment to a credible turnaround story, supported by improved sentiment and Q1 outperformance. Retail casino stability remains foundational; Q2 results are pivotal for confirming the turnaround, with management raising 2026 retail revenue and EBITDAR guidance. Interactive segment losses have narrowed, with a more disciplined digital strategy and profitability targeted by Q4 2026, excluding Alberta launch costs. Valuation is reasonable on recovery earnings, but leverage remains elevated; I rate PENN a cautious buy, contingent on free cash flow delivery and continued deleveraging. Read the full article on Seeking AlphaNarrative Update • Jun 17
PENN: Brick And Mortar Expansion And Governance Shifts Will Shape Stock Outlook
Analysts have made a modest upward adjustment to the PENN Entertainment price target to $20.44 from $20.22, reflecting updated views on revenue, profit margins and valuation following a series of recent research meetings and target increases across the Street. Analyst Commentary Recent research on PENN Entertainment stock has centered on refreshed price targets and feedback from meetings with management, giving you a clearer picture of how the Street is thinking about valuation, execution and potential growth.
Narrative Update • Jun 02
PENN: Management Credibility Concerns Will Restrain Free Cash Flow Repricing
Analysts have increased their average price target on PENN Entertainment by $1, citing updated models that incorporate slightly higher revenue growth, modestly stronger profit margins, and a marginally lower future P/E assumption based on recent updates from several major firms. Analyst Commentary Recent research on PENN Entertainment reflects a mix of optimism and caution, with several firms revisiting their models and adjusting price targets following the latest company updates and quarterly results.Narrative Update • May 18
PENN: Free Cash Flow And Interactive Break Even Will Guide Measured Outlook
Analysts have inched their average price targets on PENN Entertainment higher by low single digit dollar amounts, pointing to improving free cash flow expectations and early progress toward break-even in the interactive business as key supports for the updated valuation assumptions. Analyst Commentary Recent research on PENN Entertainment shows a mix of optimism around free cash flow potential and break-even targets for the interactive segment, alongside ongoing skepticism about execution and management credibility.Narrative Update • May 02
PENN: Free Cash Flow Expansion Will Drive Future Upside Potential
Analysts have raised the fair value estimate for PENN Entertainment to $20.22 from $19.11. The change reflects updated expectations for revenue growth, higher profit margins, and a slightly lower future P/E assumption, which are also evident in a series of recent $1 to $2 price target increases across major firms.Narrative Update • Apr 16
PENN: Interactive Break Even And Free Cash Flow Progress Will Shape Balanced Outlook
The analyst price target for PENN Entertainment in this narrative update changes by $1 to $16, with analysts citing improved free cash flow expectations, progress toward break-even in interactive operations, and recent Q4 model updates as key drivers behind their revised assumptions. Analyst Commentary Recent research on PENN Entertainment reflects a mix of cautious and constructive views, with price targets spread across the mid to low $20s and the mid-teens.Narrative Update • Apr 02
PENN: Free Cash Flow And Interactive Breakeven Will Support Upside Potential
Analysts have nudged the fair value estimate for PENN Entertainment to $19.11 from $18.44, reflecting updated price targets in the $16 to $22 range and recent research pointing to improving free cash flow trends and progress toward break-even in the interactive business. Analyst Commentary Recent Street research on PENN Entertainment highlights a mix of optimism around execution in the interactive segment and free cash flow, alongside ongoing questions about management credibility and the durability of the turnaround.Narrative Update • Mar 18
PENN: Break Even Interactive Operations Will Drive The Next Rerating
The updated fair value estimate for PENN Entertainment moves to $24.00, reflecting analysts' revised price targets in the $16.00 to $22.00 range and their focus on break-even interactive operations and improved free cash flow. Analyst Commentary Recent research on PENN Entertainment has tilted more constructive, with several bullish analysts adjusting ratings and price targets following the latest Q4 report.Narrative Update • Mar 04
PENN: Execution On Interactive Break Even And Free Cash Flow Will Guide Outlook
Analysts have nudged their price targets on PENN Entertainment higher into a roughly $16 to $22 range, pointing to improved free cash flow expectations, early profitability from the ESPN partnership, and a clearer path toward break-even in interactive operations. Analyst Commentary Recent research on PENN Entertainment shows a mixed backdrop, with several firms lifting price targets into the mid to high teens and low $20s, while others trim targets or flag execution risks.Narrative Update • Feb 18
PENN: Interactive Execution And Buybacks Will Support Upside As Expectations Reset
Analysts have adjusted their fair value estimate for PENN Entertainment slightly lower to about $18.44 per share, reflecting trimmed Street price targets alongside updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on PENN Entertainment has centered on adjusted price targets and caution around the company’s online and interactive operations, which directly feeds into how analysts think about fair value, execution risk, and growth potential.Narrative Update • Feb 04
PENN: Interactive Execution And Buybacks Will Drive Future Upside From Reset Expectations
Analysts have reduced their fair value estimate for PENN Entertainment to $18.61 from $19.11, reflecting recent cuts to Street price targets and updated views on slightly softer long term margins and valuation multiples, while revenue growth assumptions remain broadly similar. Analyst Commentary Recent Street research on PENN Entertainment points to a more cautious stance on the shares, with several firms trimming price targets and one new initiation highlighting execution risk in the interactive business.Narrative Update • Jan 21
PENN: Future Execution On Interactive Shift And Buybacks Will Shape Outlook
Analysts have reduced their fair value estimate for PENN Entertainment to $15.00 from $17.00, citing lower assumed revenue growth, a slightly higher discount rate, and a reset future P/E multiple, partly offset by a higher projected profit margin. Analyst Commentary Recent Street research on PENN Entertainment points to a more cautious tone, with several firms reassessing how much they are willing to pay for the stock and how reliably the business can deliver on its plans.Narrative Update • Jan 07
PENN: Interactive Execution And Buybacks Will Drive The Next Rerating
Narrative update on PENN Entertainment Analysts have trimmed their fair value estimate for PENN Entertainment to about $25 from roughly $29, reflecting more cautious assumptions on revenue growth, profit margins, and future P/E. They are questioning whether the interactive segment can offset softer expectations in the rest of the portfolio.Narrative Update • Dec 24
PENN: Interactive Segment Execution Will Drive Future Rebound From Neutral Market Sentiment
Analysts have nudged their blended fair value estimate for PENN Entertainment slightly lower, from approximately $19.44 to $19.11 per share. A more cautious view on the growth and margin contribution of the interactive segment is tempering expectations for the broader portfolio.Narrative Update • Dec 10
PENN: Digital Expansion Will Gradually Offset Neutral Outlook On Core Casino Portfolio
Analysts have modestly reduced their fair value estimate for PENN Entertainment from approximately $19.67 to about $19.44 per share. This reflects tempered revenue growth expectations for the interactive segment and a view that it may not generate enough upside to offset a more mature core portfolio.Narrative Update • Nov 26
PENN: Early End To ESPN Partnership Will Unlock Digital Expansion Opportunities
Analysts have lowered their price target for PENN Entertainment from $21.09 to $19.67. This change reflects concerns about slower profit margin and revenue growth, as well as doubts over the company's interactive segment delivering enough offsetting performance.Narrative Update • Nov 11
PENN: Improved Margins and New Hotel Expansion Will Support Earnings Ahead
Analysts have lowered their price target for PENN Entertainment to $21.09 from $22. This change is due to a modest reduction in revenue growth expectations and a slightly higher discount rate.Analysis Article • Jul 26
We Think PENN Entertainment (NASDAQ:PENN) Is Taking Some Risk With Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Narrative • May 06
Stock Repurchase, Retail Projects And Digital Rollout Will Shape Outlook
PENN Entertainment's stock repurchase and retail growth investments signal confidence and are expected to boost earnings and future revenue growth.Analysis Article • Apr 22
PENN Entertainment (NASDAQ:PENN) Has No Shortage Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • Mar 11
PENN Entertainment's Turnaround May Be Prolonged - Oversold Status Triggers Rich Upside Potential (Rating Upgrade)
Summary PENN's minimal growth profile and yet to bear fruit ESPN Bet have naturally triggered the great pessimism observed in its stock prices and valuations. This is significantly worsened by the mixed near-term prospects, Interactive segment's ongoing cash burn, and the deteriorating balance sheet. On the other hand, while PENN has yet to offer any forward guidance, the consensus forward estimates appear to be rather promising, marking a potential reversal ahead. The correction have also triggered the rich triple digits upside potential, assuming that the gaming company delivers improved bottom-lines as expected. Combined with the stock's emerging bullish uptrend support since the April 2024 bottom, we are upgrading PENN to a Buy with one notable caveat. Read the full article on Seeking AlphaAnalysis Article • Feb 25
Why Investors Shouldn't Be Surprised By PENN Entertainment, Inc.'s (NASDAQ:PENN) Low P/S
PENN Entertainment, Inc.'s ( NASDAQ:PENN ) price-to-sales (or "P/S") ratio of 0.5x might make it look like a buy right...Seeking Alpha • Feb 03
PENN Entertainment: Key Investor Demands 3 Board Seats; Cites Management Failures
Summary HG Vora Capital, a major PENN holder, demands three board seats over underperformance it sees in $4b "reckless spending." PENN's core land casinos are solid assets, but online ventures are not. This could be the first act in Vora having a deal in mind. Read the full article on Seeking AlphaAnalysis Article • Jan 01
PENN Entertainment (NASDAQ:PENN) Has Debt But No Earnings; Should You Worry?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Seeking Alpha • Nov 26
PENN Entertainment: ESPN Bet Weakness Strains Land-Based Earnings
Summary PENN Entertainment's land-based casinos had a turbulent performance in Q3, but the performance should stabilize going forward after weather disruptions and hotel remodeling efforts. The company's online efforts with ESPN Bet continue to strain earnings without significant market share gains, causing weaker future expectations. The weak online performance expectations are already priced into the PENN stock. Read the full article on Seeking AlphaAnalysis Article • Oct 30
Insufficient Growth At PENN Entertainment, Inc. (NASDAQ:PENN) Hampers Share Price
With a price-to-sales (or "P/S") ratio of 0.5x PENN Entertainment, Inc. ( NASDAQ:PENN ) may be sending bullish signals...Seeking Alpha • Sep 22
PENN Entertainment Is A Speculative Buy (Technical Analysis)
Summary PENN Entertainment is a speculative buy due to recent improvements in price action, short-term bullish momentum, and institutional accumulation. PENN's price action has shifted from a long-term downtrend to a horizontal range, recapturing its 30-week EMA, indicating potential bullish behavior. Short-term momentum is bullish, while long-term momentum is bearish but could turn positive soon; volume patterns show institutional buying. Relative strength has been positive since mid-May; if PENN surpasses $21.50, consider adding to the position. Read the full article on Seeking AlphaAnalysis Article • Sep 07
Here's Why PENN Entertainment (NASDAQ:PENN) Is Weighed Down By Its Debt Load
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Sep 04
PENN Entertainment's ESPN Bet Undervalued Compared With Peers
Summary PENN Entertainment's sports betting venture ESPN Bet shows strong growth potential with expansion into New York and increased sporting events, despite being undervalued compared to peers. ESPN Bet's smaller addressable population, lower initial hold, and early market entry contribute to its current undervaluation, but these issues are being addressed. PENN Entertainment's regional casino business, despite high debt, remains robust, providing a solid foundation for ESPN Bet's growth and overall company valuation. Catalysts like the New York launch and NFL season could drive significant user growth, making PENN a buy with the potential for substantial upside. Read the full article on Seeking AlphaSeeking Alpha • Aug 19
Penn Entertainment's Digital Business Has Already Eaten Near $2b Without Visible Results
Summary Penn Entertainment stock has fallen due to failed digital efforts, including $850m investment in Barstool Sportsbook, with less than 5% market share. Recent moves, including a $1.5b partnership with ESPN for ESPN Bet, have not excited investors, with stock trading below $20. S&P Global downgraded Penn's ratings to B+ due to expected digital losses of $350m to $420m, making the stock a risky investment. Read the full article on Seeking AlphaAnalysis Article • Aug 10
PENN Entertainment, Inc. (NASDAQ:PENN) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
Investors in PENN Entertainment, Inc. ( NASDAQ:PENN ) had a good week, as its shares rose 2.1% to close at US$18.24...Analysis Article • Jun 28
There's No Escaping PENN Entertainment, Inc.'s (NASDAQ:PENN) Muted Revenues Despite A 25% Share Price Rise
PENN Entertainment, Inc. ( NASDAQ:PENN ) shares have had a really impressive month, gaining 25% after a shaky period...Seeking Alpha • Jun 27
PENN Entertainment: After Being Bullish, I Am Now Bearish Absent A Boyd Gaming Deal
Summary PENN Entertainment, Inc. has struggled with earnings and digital results, particularly with their Barstool Sports acquisition. The company's foray into digital gaming has been costly, leading to potential interest from Boyd Gaming Corporation for an acquisition. A potential merger between PENN Entertainment and Boyd Gaming could create a powerhouse with significant cost-cutting and revenue potential. Read the full article on Seeking AlphaAnalysis Article • Jun 05
PENN Entertainment (NASDAQ:PENN) Has No Shortage Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Seeking Alpha • May 18
PENN Entertainment: ESPN Bet Delivers Painful Lessons - More Pain Ahead
Summary PENN has unfortunately underperformed expectations with the stock declining by -32%, well behind the wider market at +20% since the launch of ESPN Bet. It is apparent by now that the management's expectations for ESPN Bet has not played out, as losses also widen and market share gains disappoint. The US OSB market size is estimated to reach $40B by 2030, implying that the market may very well be big enough to accommodate multiple players, PENN included. However, as the management lowers their FY2024 profit guidance, the stock continually charts new lows, and short interest grows, it may be better to downgrade PENN to a Hold for now. Read the full article on Seeking AlphaShareholder Returns
| PENN | US Hospitality | US Market | |
|---|---|---|---|
| 7D | 0.4% | -1.2% | -1.4% |
| 1Y | 12.2% | -10.8% | 17.4% |
Return vs Industry: PENN exceeded the US Hospitality industry which returned -10.8% over the past year.
Return vs Market: PENN underperformed the US Market which returned 17.4% over the past year.
Price Volatility
| PENN volatility | |
|---|---|
| PENN Average Weekly Movement | 8.2% |
| Hospitality Industry Average Movement | 7.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: PENN has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PENN's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1972 | 23,441 | Jay Snowden | www.pennentertainment.com |
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates a portfolio of casinos, racetracks, and online sports betting; online gaming portfolio, such as theScore Bet, an online sportsbook; theScore Casino, a stand-alone iCasino website and app; Hollywood Casino, an iCasino and theScore Bet website and app; PENN Game Studios, its in-house iCasino and social gaming content studio; and PENN Play, a customer loyalty program.
PENN Entertainment, Inc. Fundamentals Summary
| PENN fundamental statistics | |
|---|---|
| Market cap | US$2.61b |
| Earnings (TTM) | -US$957.20m |
| Revenue (TTM) | US$7.07b |
0.4x
P/S Ratio-2.7x
P/E RatioIs PENN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PENN income statement (TTM) | |
|---|---|
| Revenue | US$7.07b |
| Cost of Revenue | US$4.63b |
| Gross Profit | US$2.44b |
| Other Expenses | US$3.40b |
| Earnings | -US$957.20m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 06, 2026
| Earnings per share (EPS) | -7.53 |
| Gross Margin | 34.53% |
| Net Profit Margin | -13.54% |
| Debt/Equity Ratio | 160.5% |
How did PENN perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/20 19:16 |
| End of Day Share Price | 2026/07/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
PENN Entertainment, Inc. is covered by 40 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Felicia Kantor Hendrix | Barclays |
| Brandt Montour | Barclays |
| Michael Hickey | Benchmark Company |