Penn Entertainment PENN Stock Price, News & Info The Motley Fool

Penn Entertainment (PENN) stock is up on the news of the company’s sports betting deal with ESPN (DIS). Yahoo Finance’s Josh Schafer joins the Live show to discuss the sports betting market, whether t… Having already been a casino operator, the company entered sports betting with its $551 million acquisition of Barstool Sports. Penn paid $163 million for a 36% stake in February 2020 and then $388 million for the remaining stake in February 2023. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

  • Penn Entertainment Inc. followed up its announcement of a deal with ESPN with a second-quarter report in which profit and revenue rose above expectations, as strength in its food, beverage and hotel b…
  • Jay Snowden has an approval rating of 87% among the company’s employees.
  • PENN’s beta can be found in Trading Information at the top of this page.
  • The company will partner with ESPN to launch ESPN Bets, a new US-based sports-betting platform.
  • Shares of the casino operator fell on a mixed earnings report and a social media controversy.

17 Wall Street analysts have issued 1-year price targets for PENN Entertainment’s stock. On average, they predict the company’s stock price to reach $36.67 in the next twelve months. This suggests a possible upside of 59.8% from the stock’s current price. View analysts price targets for PENN or view top-rated stocks among Wall Street analysts. PENN Entertainment, Inc. owns and operates casinos, hotels, and racetracks facilities. The Company offers an integrated entertainment, sports content, online sports betting, and casino gaming solutions.

PENN Entertainment Dividend Calendar

PENN Entertainment stock spiked 20% on Wednesday after announcing a $2 billion deal with ESPN. The company will partner with ESPN to launch ESPN Bets, a new US-based sports-betting platform. Penn is trading at a significant discount to its peers, and the breath of new life from the ESPN deal should give the company lots of upside if things go well. It doesn’t even have to go great for investors to see decent returns on their investment — just well enough.

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PENN Entertainment Inc Past Events

Supreme Court made federal sports betting legal in its Murphy vs. NCAA case. Since then, countless sportsbooks and online betting platforms have popped up around the country, trying to get a piece of the pie. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

Earnings and Valuation

Disney’s ESPN has signed a long-term exclusive agreement with casino operator Penn Entertainment, licensing its brand for sports betting and deepening the media giant’s ties to the growing online gamb… When Penn Entertainment Inc. announced plans on Tuesday to launch an ESPN-branded online sports-betting service, shares of the casino operator initially rallied. According to 17 analysts, the average rating for PENN stock is “Buy.” The 12-month stock price forecast is $37.53, which is an increase of 63.53% from the latest price.

PENN Overview

Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Needless to say, Penn investors haven’t been satisfied with recent moves, with the stock down just under 20% this year. Get this delivered to your inbox, and more info about our products and services. Penn Entertainment divested Barstool Sports and plans to rebrand its sportsbook in partnership with ESPN. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment.

Penn Entertainment’s origins date back to its 1972 racetrack opening in Pennsylvania. The retail portfolio generates high-30% EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. As a result, we estimate Penn holds around a low-double-digit revenue share of the $60 billion domestic commercial casino gaming market.

17 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for PENN Entertainment in the last twelve months. The consensus among Wall Street research analysts is that investors should “hold” PENN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PENN, but not buy additional shares or sell existing shares.

PENN Entertainment – 29 Year Stock Price History PENN

Joe Pompliano, Sport Business Analyst, joins ‘Last Call’ to talk the PENN-ESPN deal, why Penn’s stock is lower and what the future of the partnership could look like. One share of PENN stock can currently be purchased for approximately $22.95. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. Sign-up to receive the latest news and ratings for PENN Entertainment and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on, top-rated podcasts, and non-profit The Motley Fool Foundation. The analysts see these stocks trading at extreme lows with nowhere to go but up, and there are catalysts to drive their markets higher. A new sports betting partnership should breathe new life into this entertainment company.

As ESPN is arguably the most notable name in sports media, this could prove to be a big deal for Penn. In fact, it will almost have to be if the company plans to continue operating in the space. The Barchart Technical Opinion widget shows you today’s overally que es trading forex Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 88% Sell with a Average short term outlook on maintaining the current direction. Disney isn’t getting out of the sports business, it’s trying to play a central role in the future of sports. While it looks as though the major mirror trader indexes will end up down on the week, their first in the last three, there remain some unusually active options that allow you to buy these stocks for only $150 down…. These companies are capitalizing on rising interest in online gambling. Shares in sports gambling names have fallen in the wake of Penn’s $2 billion deal for ESPN rights.