PENN Entertainment Inc. stock underperforms Wednesday when compared to competitors despite daily gains
PENN Entertainment Inc. (PENN) stock increased by 1.48% on Wednesday, closing at $18.56. Despite this daily gain, the stock underperformed compared to the broader market, as both the NASDAQ Composite Index and the Dow Jones Industrial Average saw larger percentage increases. The rise, however, did break a four-day losing streak for PENN.
Is PENN Entertainment (PENN) A Bargain Following Its $195 Million New Orleans Casino Move?
PENN Entertainment (PENN) is investing $195 million to relocate and rebrand its New Orleans casino, aiming to boost its long-term financial performance. Despite a recent rebound in share price, the company's digital operations remain loss-making, and increased gaming taxes pose potential risks to margins. Analysts currently value PENN Entertainment as 16.8% undervalued, with a fair value of $22.32 against its current price of $18.56.
PENN Entertainment announces plans for Boomtown Casino New Orleans property
PENN Entertainment plans to invest approximately $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat operations to a new land-based property. The new facility, to be rebranded as Hollywood Casino New Orleans, is expected to open in 2029 pending regulatory approval, offering 875 slot machines, 45 table games, a retail sportsbook, and multiple dining options. This move is part of PENN's strategy to enhance customer experience and competitive position, following similar landside relocations in Illinois and Iowa.
PENN Entertainment, Inc. (NASDAQ:PENN) Receives Average Rating of "Moderate Buy" from Analysts
PENN Entertainment, Inc. (NASDAQ:PENN) has received a "Moderate Buy" consensus rating from twenty brokerages, with an average 12-month price target of $23.53, exceeding its current share price of $18.29. The company recently reported quarterly EPS of $0.44, beating estimates, and revenue increased by 5.2% year-over-year. Analysts anticipate full-year EPS of approximately $1.19 for PENN Entertainment.
PENN Plans Hollywood Casino New Orleans in $195M Move
PENN Entertainment announced a $195 million plan to replace its Boomtown Casino & Hotel New Orleans riverboat with a new land-based Hollywood Casino New Orleans. This move is part of a broader trend in Louisiana's gaming industry to transition from riverboat operations to onshore facilities to enhance the customer experience and competitive position. The new casino, expected to open in 2029, will feature 140,000-145,000 square feet of development, including slot machines, table games, a retail sportsbook, and dining options, while retaining the existing 150-room hotel.
Hollywood Casino Transforms Everyday Moments Into “Hollyday” Invitation
PENN Entertainment has launched a new campaign for Hollywood Casino in Canada, introducing the creative platform 'Take a Hollyday.' Developed with agency Diamond, the campaign transforms everyday moments into playful invitations to experience the online casino app, differentiating itself from traditional casino advertising by focusing on a relaxed, inviting entertainment experience rather than just high-energy thrills. The campaign will roll out across Ontario and Alberta this month.
PENN Entertainment proposes landside move for New Orleans riverboat casino
PENN Entertainment plans to invest $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat operations to a new landside property, rebranding it as Hollywood Casino New Orleans. This move, pending regulatory approval, is expected to open in 2029 and represents PENN's fourth landside casino relocation in recent years. The company anticipates the new facility will enhance the customer experience and strengthen its competitive position in the New Orleans market.
PENN Entertainment Inc. stock underperforms Tuesday when compared to competitors
PENN Entertainment Inc. (PENN) stock declined 1.93% on Tuesday, closing at $18.29. This underperformance occurred on a generally negative trading day, with both the NASDAQ Composite Index and the Dow Jones Industrial Average also experiencing losses. The stock's fall marked its fourth consecutive day of losses.
PENN Entertainment to move an additional riverboat casino to dry land
PENN Entertainment plans to invest $195 million to convert its Boomtown Casino & Hotel New Orleans riverboat casino into a land-based Hollywood Casino New Orleans, pending regulatory approval. This marks the fourth such transition for the Berks County-based company, which expects the new casino to open in 2029. Shares of PENN (NYSE: PENN) have seen over 27% growth this year, with the company boasting a market capitalization of $2.5 billion.
PENN Plans $195M Hollywood Casino New Orleans Landside Development
PENN Entertainment Inc. is investing approximately $195 million to relocate its Boomtown Casino & Hotel New Orleans gaming operations to an adjacent landside development, rebranding it as Hollywood Casino New Orleans. This move is part of PENN's strategy to transition riverboat casinos to land-based facilities, offering enhanced customer experiences and expanding gaming options. The project, subject to regulatory approval, is expected to open in 2029 and will be funded by cash on hand, further solidifying PENN's presence in Louisiana.
PENN Entertainment moving another riverboat casino to land (PENN:NASDAQ)
PENN Entertainment plans to invest $195 million to move its Boomtown Casino & Hotel New Orleans riverboat casino onto an adjacent landside property. The facility will be renamed Hollywood Casino New Orleans and will cover 140,000 square feet. This project is contingent on regulatory approval.
PENN Entertainment to invest $195M in New Orleans casino relocation By Investing.com
PENN Entertainment announced a $195 million investment to relocate its Boomtown Casino & Hotel New Orleans to a new landside property, rebranding it as Hollywood Casino New Orleans. The new facility, set to open in 2029, will feature expanded gaming options and dining, with the existing hotel remaining operational. This move is part of PENN's strategy for organic growth and represents its fourth landside relocation project in recent years.
PENN Entertainment Inc. stock underperforms Thursday when compared to competitors
Shares of PENN Entertainment Inc. (PENN) fell by 1.67% to $18.85 on Thursday, despite a generally positive trading day for the broader market. This decline saw the stock end a two-day winning streak, underperforming the NASDAQ Composite Index and the Dow Jones Industrial Average.
Assenagon Asset Management S.A. Grows Stock Position in PENN Entertainment, Inc. $PENN
Assenagon Asset Management S.A. significantly increased its stake in PENN Entertainment, Inc. (NASDAQ:PENN) by 47.6% in Q2, bringing its total holdings to 180,310 shares valued at $3.85 million. This move is part of a broader trend of institutional investors and hedge funds, which collectively own 91.69% of the company, modifying their positions. PENN Entertainment recently beat earnings estimates with $0.44 per share and saw a 5.2% revenue increase, leading analysts to a "Moderate Buy" consensus rating with an average target price of $23.53.
PENN Entertainment (PENN) Stock Looks Cheap On Sales While Online Risks Linger
PENN Entertainment (PENN) stock appears undervalued based on sales and various valuation checks, despite a 71% share price decline over the past five years. While its physical casino operations show strong performance, the company faces significant competition and profitability pressures in its online sports betting division. The key question is whether PENN can successfully translate its online investments into sustained, profitable revenue, determining if the current discount is an opportunity or a value trap.
Penn's Investments Sparking Demand Across Competitive Retail Gaming Industry
Penn Entertainment's strategic investments in its physical casino assets are expected to boost its competitive standing in the domestic commercial casino gaming market. While these developments, including new property openings, aim to improve performance, online gaming results face challenges due to competition. The company held a significant revenue share in 2025 and plans further projects through 2027.
PENN’s $20M Alberta Bet Fuels Canada-Led Push to Profitability
Penn Entertainment Inc. is investing $20 million in Alberta to expand its digital gambling business, aiming for profitability after significant losses. The company is focusing on Canada, particularly Ontario, where it has seen strong growth in online sports betting and casino revenues. While the Alberta investment is expected to cause a Q3 loss, PENN anticipates a turnaround in Q4, driven by Canadian market strength and a disciplined approach to high-value customers.
AQR Capital discloses 5.15% PENN Entertainment (PENN) ownership on Schedule 13G
AQR Capital Management, LLC and AQR Capital Management Holdings, LLC have disclosed a passive stake of 5.15% in PENN Entertainment, Inc. This ownership, totaling 6,892,718 shares of common stock, was reported on a Schedule 13G filing. Both entities report shared voting power over 6,866,434 shares and shared dispositive power over all 6,892,718 beneficially owned shares, with no sole voting or dispositive power.
PENN Entertainment (NASDAQ:PENN) Price Target Raised to $20.00
Morgan Stanley has increased its price target for PENN Entertainment (NASDAQ:PENN) to $20.00, maintaining an "equal weight" rating, suggesting a 4.47% upside. The company recently reported strong quarterly earnings of $0.44 EPS, surpassing analyst expectations, and revenue of $1.86 billion, a 5.2% year-over-year increase. Analysts collectively hold a "Moderate Buy" consensus rating with an average price target of $23.53 for PENN.
Morgan Stanley Adjusts PT on PENN Entertainment to $20 From $19, Keeps Equalweight Rating
Morgan Stanley has increased its price target for PENN Entertainment (PENN) shares to $20 from $19, while maintaining an Equalweight rating on the stock. This adjustment comes despite several other analysts also revising their price targets for PENN Entertainment following recent financial results and business updates. The company operates casinos, racetracks, and online sports betting across North America.
PENN Entertainment Inc. stock outperforms competitors on strong trading day
PENN Entertainment Inc. stock rose 1.49% to $19.13 on a generally negative trading day, outperforming major indices like the NASDAQ Composite and Dow Jones Industrial Average, which both fell. Despite the gain, the stock remains 14.45% below its 52-week high.
PENN Entertainment Bets $20M on Alberta as Canada Drives Digital Profitability Push
PENN Entertainment has invested $20 million in Alberta to replicate its success in Ontario and drive its digital business towards profitability. Despite operating in 20 U.S. states, Ontario has become PENN's largest online sports betting market. The company significantly narrowed its Interactive adjusted EBITDA loss to $9.5 million in Q2 2026 from $62 million in Q2 2025, primarily due to improved online casino performance and growth in Ontario.
Is PENN Entertainment (PENN) A Bargain As Strong Q2 Earnings Lift Valuation Questions?
PENN Entertainment (PENN) reported strong Q2 2026 earnings, meeting revenue expectations and beating EPS
Bank of America Corp DE Grows Position in PENN Entertainment, Inc. $PENN
Bank of America Corp DE significantly increased its stake in PENN Entertainment, Inc. by 57.9% in the first quarter, now holding 4.35 million shares valued at approximately $65.4 million. This move is part of a broader trend of institutional investors, who collectively own 91.69% of PENN's outstanding stock, growing their positions. PENN recently reported strong quarterly results, with EPS of $0.44 exceeding consensus and revenue up 5.2% year-over-year, contributing to a generally positive analyst outlook and a "Moderate Buy" consensus rating.
PENN Entertainment Inc. stock underperforms Monday when compared to competitors
PENN Entertainment Inc. (PENN) shares fell by 6.59% on Monday, closing at $18.85. This underperformance occurred during a generally rough trading session where both the NASDAQ Composite Index and Dow Jones Industrial Average also experienced declines. The stock's dip ended a two-day winning streak.
PENN Q2 Deep Dive: Retail Casino Strength and Interactive Efficiency Support Outlook
PENN Entertainment (NASDAQ:PENN) met Wall Street's Q2 CY2026 revenue expectations, with sales up 5.2% year over year to $1.86 billion, and significantly beat non-GAAP profit estimates. The company highlighted strong performance in its retail casino segment, driven by new property developments and increased demand, while also noting improved efficiency and narrowing losses in its Interactive segment. PENN's outlook includes continued growth from its retail portfolio, increased profitability in iCasino and Canadian operations, and disciplined capital allocation.
Amundi Has $760,000 Stake in PENN Entertainment, Inc. $PENN
Amundi reduced its stake in PENN Entertainment by 93.5% in Q1, selling over 731,502 shares and retaining 50,567 shares valued at $760,000. Despite this reduction, institutional investors and hedge funds collectively own 91.69% of PENN's stock. PENN Entertainment reported strong Q2 earnings, beating consensus estimates with $0.44 EPS and achieving a 5.2% year-over-year revenue increase to $1.86 billion, with analysts maintaining a "Moderate Buy" rating.
PENN Entertainment (NASDAQ:PENN) Releases Earnings Results, Beats Expectations By $0.07 EPS
PENN Entertainment (NASDAQ:PENN) announced its quarterly earnings, reporting an adjusted EPS of $0.44, surpassing analyst estimates by $0.07. The company's revenue of $1.86 billion matched expectations and grew 5.2% year-over-year, driven by strong retail operations. Despite raising its 2026 retail guidance, PENN lowered its interactive revenue guidance due to weaker sportsbook volumes, acknowledging competitive risks in prediction markets.
PENN ENTERTAINMENT, INC. : DEUTSCHE BANK RAISES TARGET PRICE TO $23 FROM $18
Deutsche Bank has increased its target price for PENN Entertainment, Inc. to $23 from $18. This news was reported by Reuters on August 7, 2026. The article also includes market analysis on U.S. equities, which recently hit new highs despite some setbacks, and the cryptocurrency market, noting low leverage and attractive entry points for investors.
Dimensional Fund Advisors LP Trims Stock Position in PENN Entertainment, Inc. $PENN
Dimensional Fund Advisors LP reduced its stake in PENN Entertainment, Inc. by 6.8% in the first quarter, selling over 77,000 shares but retaining a significant holding valued at $16 million. Despite the institutional trimming, PENN Entertainment reported strong Q2 earnings, beating consensus estimates with $0.44 per share, and analysts maintain a "Moderate Buy" rating with a target price above its current trading value. The company's revenue increased 5.2% year-over-year, aligning with expectations, though rising competition in prediction markets is noted as a potential risk.
PENN Entertainment (PENN) Stock Profit Rebound Faces Lingering Digital Doubts
PENN Entertainment reported a profit rebound in Q2 2026, with basic EPS of US$0.25 and net income of US$33.1m, driven by strong performance in its retail casinos. Despite this, the stock's reaction was muted, and concerns remain about the interactive segment's continued losses and the company's leverage. The article explores both the bullish case, highlighting retail growth, and the bearish case, focusing on digital struggles and financial risks, leaving investors to weigh the turnaround narrative.
How Investors May Respond To PENN Entertainment (PENN) Earnings Beat And Upgraded 2026 Outlook
PENN Entertainment (PENN) reported a strong Q2 2026 with increased revenue and net income, improved margins, and a narrowed interactive division loss, leading to an upgraded full-year outlook. The company is focusing on reducing lease-adjusted net leverage below 5x by the end of 2026 and prioritizing internal growth over M&A. While this positive performance supports the near-term investment narrative, investors should remain aware of potential risks like rising gaming taxes and digital competition.
PENN Entertainment, Inc. 2026 Q2 - Results - Earnings Call Presentation (NASDAQ:PENN) 2026-08-06
PENN Entertainment, Inc. has published its slide deck for the 2026 Q2 earnings call, reporting an EPS of $0.44, which beat estimates by $0.18. The company's revenue for the quarter was $1.86 billion, missing expectations by $2.20 million but representing a 5.24% year-over-year increase. This presentation provides detailed insights into the company's financial performance for the quarter.
PENN Entertainment, Inc. 2026: Revenue $1.86B, EPS $0.24— 10-Q Summary
PENN Entertainment, Inc. reported strong second-quarter 2026 results, with revenue increasing to $1.86 billion and diluted EPS reaching $0.24, significantly up from a net loss in the prior year. The company's growth was fueled by enhanced retail gaming and hospitality performance, alongside a strategic shift in its digital approach focusing on U.S. iCasino and Canada. Key operational milestones included new casino and hotel openings, further supported by a growing PENN Play loyalty program.
Transcript : PENN Entertainment, Inc., Q2 2026 Earnings Call, Aug 06, 2026
This article provides the transcript of PENN Entertainment, Inc.'s Q2 2026 Earnings Call held on August 6, 2026. It highlights that PENN Entertainment's shares rose after beating Q2 earnings estimates, with reported adjusted EPS of $0.44 per share against an estimated $0.29, and revenue of $1.86 billion matching estimates. The article also mentions recent analyst upgrades and other company news.
PENN Entertainment Inc. stock outperforms competitors on strong trading day
Shares of PENN Entertainment Inc. (PENN) rose 2.60% to $20.13 on a day when the broader market indices, NASDAQ Composite and Dow Jones Industrial Average, both declined. The stock closed 9.97% below its 52-week high of $22.36. This performance indicates a strong trading session for PENN Entertainment Inc. compared to its competitors.
Penn CEO says company interested in entering Strip market
Penn Entertainment Inc. CEO Jay Snowden stated the company would consider acquiring a Las Vegas Strip property, provided the conditions are right, including a suitable asset and price, and no significant deferred maintenance. This comes after Penn reported a shift to profitability, partly due to the expansion of its M Resort in Henderson. The company also saw strong results from its online sportsbook, particularly driven by World Cup wagering.
Earnings call transcript: PENN beats Q2 2026 EPS but misses revenue
PENN Entertainment reported mixed Q2 2026 results, with EPS of $0.44 beating forecasts but revenue of $1.5 billion missing expectations. The company's retail casino business achieved record revenue and stronger margins, while its interactive segment narrowed losses. PENN raised its full-year retail guidance but trimmed its interactive revenue outlook, and shares saw a modest pre-market rise.
PENN Entertainment (NASDAQ:PENN) Posts Q2 CY2026 Sales In Line With Estimates
PENN Entertainment (NASDAQ:PENN) reported Q2 CY2026 sales of $1.86 billion, meeting analyst expectations with a 5.2% year-on-year increase. The company's non-GAAP adjusted EPS of $0.44 significantly beat consensus estimates by 66.9%, although adjusted EBITDA missed by 31.2%. Despite its recent EPS beat and improved operating margin, PENN's long-term revenue and EPS growth have been weak, and future revenue projections remain underwhelming.
Earnings Flash (PENN) PENN Entertainment, Inc. Posts Q2 Adjusted EPS $0.44 per Share, vs. FactSet Est of $0.29
PENN Entertainment, Inc. reported strong Q2 results, with adjusted EPS of $0.044 per share, significantly surpassing the FactSet estimate of $0.29. The company's revenue for the quarter reached $1.86 billion, meeting FactSet's estimate. This positive earnings surprise led to a rise in PENN Entertainment's shares.
PENN Entertainment, Inc. Reports Second Quarter Results
PENN Entertainment, Inc. reported strong second-quarter 2026 financial results, achieving significant year-over-year growth in revenues and Adjusted EBITDA, driven by record Retail segment performance and continued improvement in its Interactive segment. The company highlighted successful execution of strategic priorities including deleveraging the balance sheet and expanding its digital offerings in new jurisdictions like Alberta. PENN also detailed its liquidity, debt refinancing, and segment-specific contributions to its overall financial health.
PENN Entertainment Inc. stock underperforms Wednesday when compared to competitors
PENN Entertainment Inc. (PENN) stock declined 2.10% on Wednesday, closing at $19.62, while the broader market showed mixed results with the Dow Jones Industrial Average rising and the NASDAQ Composite Index falling. The company's shares are currently 12.25% below their 52-week high of $22.36, achieved on June 16th.
PENN Entertainment earnings ahead: Casino openings face test
PENN Entertainment is set to report its second-quarter earnings, with investors keenly watching the performance of its newly opened casino properties and the traction of its digital gaming business. Analysts anticipate earnings of 27 cents per share on $1.85 billion in revenue, driven by strategic investments in new casinos and expansion of its online offerings. The report will also shed light on the company's deleveraging progress and the profitability timeline for its interactive segment.
PENN Entertainment earnings ahead: Casino openings face test By Investing.com
PENN Entertainment is set to report second-quarter earnings, with investors keen to assess the performance of its newly opened casino properties and the growth of its digital gaming business. Analysts anticipate earnings of 27 cents per share on $1.85 billion in revenue, marking a significant improvement from the previous quarter. Key areas of focus include the financial returns from recent casino developments, the path to profitability for its digital segment, and the company's progress on deleveraging its balance sheet.
PENN Entertainment Number of Employees 2026 | Employee Count & Headcount Data
PENN Entertainment, Inc. had approximately 23,483 employees worldwide as of March 2026, marking a 0.7% decline from 2023. Despite this, the company is actively hiring with 1,304 job postings in 2026, a 20.1% increase from the previous year. The workforce is primarily concentrated in North America, with Finance and Operations and Engineering as the largest functional groups, and the average salary is $46,085.
Quantinno Capital Management LP Has $9.48 Million Stock Holdings in PENN Entertainment, Inc. $PENN
Quantinno Capital Management LP significantly increased its stake in PENN Entertainment, Inc. by over 102% in the first quarter, now holding 630,960 shares valued at approximately $9.48 million. Other institutional investors also adjusted their holdings, contributing to a total institutional ownership of 91.69% of PENN's stock. Analysts currently rate PENN Entertainment with a "Moderate Buy" consensus and an average price target of $22.78.
PENN Entertainment Inc. stock outperforms competitors despite losses on the day
PENN Entertainment Inc. (PENN) shares dropped 2.68% to $19.98 on Monday, despite a generally positive trading session for the stock market. The company's stock, however, still managed to outperform some competitors. PENN closed 10.64% below its 52-week high of $22.36.
Is PENN Entertainment (PENN) Undervalued Ahead Of June Quarter Earnings?
PENN Entertainment (PENN) is under investor scrutiny ahead of its June quarter earnings report on August 6, with expectations of increased revenue and improved year-over-year earnings despite recent stock price declines and net losses. Many investors believe the stock, currently around $20.53, is significantly undervalued compared to a perceived fair value of $79.65, driven by its solid casino fundamentals and past write-offs. However, the company faces risks if losses persist or if its interactive segment and casino portfolio fail to generate expected cash flow.
GLPI CEO: Gaming Revenue "Bulletproof" Despite Regional Ma
Gaming & Leisure Properties Inc. (GLPI) CEO Peter Carlino asserted the "bulletproof" nature of gaming revenue, despite concerns about weakness in the regional market, stating that consumer demand for entertainment remains strong. GLPI executives also discussed potential M&A activities, notably dismissing strong ties to MGM and Caesars, and provided updates on Bally's projects in Las Vegas, Chicago, and the Bronx, while downplaying the impact of igaming on land-based casinos. Carlino also addressed the low valuation of gaming stocks, emphasizing the industry's stability.
PENN Entertainment, Inc. Stock 12‑Month Price Target Raised to $23.97, Implies 17% Upside
PENN Entertainment, Inc.'s average 12-month stock price target has been increased to $23.97 from $23.81, according to estimates from 17 analysts. This updated target suggests a potential upside of approximately 17% based on the July 31 closing price, with individual forecasts ranging from $18 to $28 per share. The consensus rating from 22 analysts remains a "Buy."
