PENN Chart
About

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates portfolio of casinos, racetracks, and online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore BET Sportsbook and Casino brands. The company also engages in gaming operations, such as slot machines and table games; food and beverage offerings; and hotel visitation. In addition, its portfolio includes PENN Play, customer loyalty program, which offers a set of rewards and experiences. Further, the company owns various trademarks and service marks, including Ameristar, Argosy, Boomtown, Hollywood Casino, Hollywood Gaming, L'Auberge, M Resort, PENN Entertainment, and PENN Play, as well as theScore, theScore Bet, and theScore esports. 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.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Resorts & Casinos Market Cap 1.86B
Enterprise Value 12.20B Income -903.50M Sales 6.82B
Book/sh 14.18 Cash/sh 4.95 Dividend Yield —
Payout 0.00% Employees 23118 IPO —
P/E — Forward P/E 14.07 PEG —
P/S 0.27 P/B 0.90 P/C —
EV/EBITDA 18.32 EV/Sales 1.79 Quick Ratio 0.62
Current Ratio 0.75 Debt/Eq 572.14 LT Debt/Eq —
EPS (ttm) -6.08 EPS next Y 0.90 EPS Growth —
Revenue Growth 4.80% Earnings 2026-02-26 ROA 0.95%
ROE -36.13% ROIC — Gross Margin 40.00%
Oper. Margin 2.88% Profit Margin -13.24% Shs Outstand 132.87M
Shs Float 130.51M Short Float 15.82% Short Ratio 5.13
Short Interest — 52W High 22.13 52W Low 11.65
Beta 1.38 Avg Volume 3.83M Volume 3.69M
Target Price $18.29 Recom Buy Prev Close $12.17
Price $12.72 Change 4.52%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.29
Mean price target
2. Current target
$12.72
Latest analyst target
3. DCF / Fair value
$-39.70
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$12.72
Low
$15.00
High
$24.00
Mean
$18.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-11 main Susquehanna Positive → Positive $17
2026-02-03 main Canaccord Genuity Buy → Buy $21
2026-01-16 main Morgan Stanley Equal-Weight → Equal-Weight $15
2025-11-21 init Citigroup — → Neutral $15
2025-11-18 init Wells Fargo — → Underweight $15
2025-11-07 main Citizens Market Outperform → Market Outperform $24
2025-11-07 down Needham Buy → Hold —
2025-11-07 up Stifel Hold → Buy $21
2025-08-08 main JMP Securities Market Outperform → Market Outperform $25
2025-08-08 main Needham Buy → Buy $22
2025-07-18 main Barclays Overweight → Overweight $22
2025-07-11 main Morgan Stanley Equal-Weight → Equal-Weight $17
2025-07-11 main Stifel Hold → Hold $19
2025-06-26 up JMP Securities Market Perform → Market Outperform $24
2025-06-23 init JP Morgan — → Overweight $24
2025-06-10 main Susquehanna Positive → Positive $25
2025-05-19 reit Benchmark Hold → Hold —
2025-05-12 main Mizuho Outperform → Outperform $24
2025-05-05 main Canaccord Genuity Buy → Buy $26
2025-04-23 main Truist Securities Hold → Hold $20
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 25253 — — Stock Award(Grant) at price 0.00 per share. HANDLER DAVID ALAN Director — 2026-01-05 00:00:00 D
1 16835 — — Stock Award(Grant) at price 0.00 per share. SCACCETTI JANE Director — 2026-01-05 00:00:00 D
2 187373 — — Stock Award(Grant) at price 0.00 per share. SNOWDEN JAY A Chief Executive Officer — 2026-01-05 00:00:00 D
3 16835 — — Stock Award(Grant) at price 0.00 per share. DHANDA ANUJ Director — 2026-01-05 00:00:00 D
4 16835 — — Stock Award(Grant) at price 0.00 per share. KAPLOWITZ MARLA Director — 2026-01-05 00:00:00 D
5 62424 — — Stock Award(Grant) at price 0.00 per share. HENDRIX FELICIA R. Chief Financial Officer — 2026-01-05 00:00:00 D
6 16835 — — Stock Award(Grant) at price 0.00 per share. BLACK GUPTA VIMLA Director — 2026-01-05 00:00:00 D
7 55488 — — Stock Award(Grant) at price 0.00 per share. ROGERS CHRISTOPHER BYRON Officer — 2026-01-05 00:00:00 D
8 16835 — — Stock Award(Grant) at price 0.00 per share. HARTNETT JOHNNY Director — 2026-01-05 00:00:00 D
9 16835 — — Stock Award(Grant) at price 0.00 per share. RUISANCHEZ CARLOS Director — 2026-01-05 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-7.33M-7.98M-27.01M0.00
TaxRateForCalcs0.080.020.210.22
NormalizedEBITDA652.20M869.80M1.63B1.45B
TotalUnusualItems-89.40M-469.60M-128.60M0.00
TotalUnusualItemsExcludingGoodwill-89.40M-469.60M-128.60M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-311.50M-490.00M222.10M420.80M
ReconciledDepreciation433.60M435.10M567.50M344.50M
ReconciledCostOfRevenue4.41B4.00B3.63B3.15B
EBITDA562.80M400.20M1.50B1.45B
EBIT129.20M-34.90M933.50M1.10B
NetInterestIncome-446.90M-424.40M-739.90M-561.70M
InterestExpense470.50M464.70M758.20M562.80M
InterestIncome23.60M40.30M18.30M1.10M
NormalizedIncome-229.43M-28.38M323.69M420.80M
NetIncomeFromContinuingAndDiscontinuedOperation-311.50M-490.00M222.10M420.80M
TotalExpenses6.42B6.00B5.31B4.85B
TotalOperatingIncomeAsReported72.50M-690.20M974.00M1.06B
DilutedAverageShares152.10M152.10M176.60M175.50M
BasicAverageShares152.10M152.10M161.20M158.70M
DilutedEPS-2.05-3.221.292.48
BasicEPS-2.05-3.221.372.64
DilutedNIAvailtoComStockholders-311.50M-490.00M221.20M418.70M
NetIncomeCommonStockholders-311.50M-490.00M221.20M418.70M
PreferredStockDividends900.00K2.10M
NetIncome-311.50M-490.00M222.10M420.80M
MinorityInterests1.80M1.40M400.00K300.00K
NetIncomeIncludingNoncontrollingInterests-313.30M-491.40M221.70M420.50M
NetIncomeContinuousOperations-313.30M-491.40M221.70M420.50M
TaxProvision-28.00M-8.20M-46.40M118.60M
PretaxIncome-341.30M-499.60M175.30M539.10M
OtherIncomeExpense-56.00M-438.80M-177.00M41.20M
OtherNonOperatingIncomeExpenses5.30M5.50M-72.10M2.50M
SpecialIncomeCharges-89.40M-469.60M-128.60M0.00
GainOnSaleOfBusiness0.00-923.20M0.000.00
OtherSpecialCharges300.00K-500.80M10.40M
ImpairmentOfCapitalAssets89.10M130.60M118.20M0.00
RestructuringAndMergernAcquisition0.00-83.40M0.000.00
EarningsFromEquityInterest28.10M25.30M23.70M38.70M
NetNonOperatingInterestIncomeExpense-446.90M-424.40M-739.90M-561.70M
InterestExpenseNonOperating470.50M464.70M758.20M562.80M
InterestIncomeNonOperating23.60M40.30M18.30M1.10M
OperatingIncome161.60M363.60M1.09B1.06B
OperatingExpense2.00B2.00B1.68B1.70B
DepreciationAmortizationDepletionIncomeStatement433.60M435.10M567.50M344.50M
DepreciationAndAmortizationInIncomeStatement433.60M435.10M567.50M344.50M
SellingGeneralAndAdministration1.57B1.56B1.11B1.35B
GeneralAndAdministrativeExpense1.57B1.56B1.11B1.35B
OtherGandA1.57B1.56B1.11B1.35B
GrossProfit2.16B2.36B2.77B2.76B
CostOfRevenue4.41B4.00B3.63B3.15B
TotalRevenue6.58B6.36B6.40B5.91B
OperatingRevenue5.84B5.56B5.86B5.91B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber25.17M25.17M19.73M2.17M
PreferredSharesNumber8.62K8.62K
OrdinarySharesNumber152.70M152.11M153.52M170.21M
ShareIssued177.86M177.28M173.25M172.38M
NetDebt2.06B1.69B1.15B872.90M
TotalDebt11.25B11.54B12.91B11.61B
TangibleBookValue-1.23B-1.11B-850.10M-623.10M
InvestedCapital5.63B5.97B6.36B6.81B
WorkingCapital-260.70M169.00M854.70M1.09B
NetTangibleAssets-1.23B-1.11B-830.70M-597.30M
CapitalLeaseObligations8.48B8.78B10.13B8.87B
CommonStockEquity2.86B3.20B3.58B4.07B
PreferredStockEquity19.40M25.80M
TotalCapitalization5.60B5.92B6.32B6.74B
TotalEquityGrossMinorityInterest2.86B3.20B3.60B4.10B
MinorityInterest-4.30M-2.50M-1.10M-700.00K
StockholdersEquity2.86B3.20B3.60B4.10B
GainsLossesNotAffectingRetainedEarnings-255.00M-121.30M-168.60M-54.40M
OtherEquityAdjustments-255.00M-121.30M-168.60M-54.40M
TreasuryStock779.50M779.50M629.50M28.40M
RetainedEarnings-647.00M-335.50M154.50M-86.50M
AdditionalPaidInCapital4.54B4.44B4.22B4.24B
CapitalStock1.80M1.80M21.10M27.50M
CommonStock1.80M1.80M1.70M1.70M
PreferredStock0.000.0019.40M25.80M
TotalLiabilitiesNetMinorityInterest12.40B12.86B13.91B12.78B
TotalNonCurrentLiabilitiesNetMinorityInterest10.99B11.37B12.75B11.64B
OtherNonCurrentLiabilities135.00M146.30M117.90M129.00M
NonCurrentDeferredLiabilities61.00M117.60M33.90M189.10M
NonCurrentDeferredTaxesLiabilities61.00M117.60M33.90M189.10M
LongTermDebtAndCapitalLeaseObligation10.79B11.11B12.60B11.32B
LongTermCapitalLeaseObligation8.06B8.39B9.87B8.69B
LongTermDebt2.73B2.72B2.72B2.64B
CurrentLiabilities1.42B1.49B1.16B1.13B
OtherCurrentLiabilities308.10M382.20M203.70M201.00M
CurrentDebtAndCapitalLeaseObligation457.00M431.50M313.90M281.40M
CurrentCapitalLeaseObligation418.80M383.90M257.70M181.90M
CurrentDebt38.20M47.60M56.20M99.50M
OtherCurrentBorrowings38.20M47.60M56.20M99.50M
PayablesAndAccruedExpenses650.00M676.30M641.10M650.80M
CurrentAccruedExpenses599.20M639.70M601.00M597.50M
InterestPayable20.30M21.10M20.80M20.90M
Payables50.80M36.60M40.10M53.30M
TotalTaxPayable110.20M103.60M
AccountsPayable50.80M36.60M40.10M53.30M
TotalAssets15.26B16.06B17.50B16.87B
TotalNonCurrentAssets14.11B14.41B15.49B14.65B
OtherNonCurrentAssets232.00M187.30M192.90M263.10M
InvestmentsAndAdvances86.20M84.90M248.60M255.10M
LongTermEquityInvestment86.20M84.90M248.60M255.10M
InvestmentsinAssociatesatCost255.10M
GoodwillAndOtherIntangibleAssets4.09B4.31B4.43B4.70B
OtherIntangibleAssets1.53B1.62B1.74B1.87B
Goodwill2.56B2.70B2.69B2.82B
NetPPE9.70B9.82B10.62B9.44B
AccumulatedDepreciation-2.69B-2.51B-3.38B-3.13B
GrossPPE12.39B12.32B14.00B12.57B
Leases584.40M521.20M353.50M292.00M
ConstructionInProgress491.40M172.80M166.80M70.70M
OtherProperties5.99B6.31B6.10B4.85B
MachineryFurnitureEquipment1.85B1.85B1.75B1.71B
BuildingsAndImprovements1.91B1.91B3.96B3.97B
LandAndImprovements1.55B1.56B1.66B1.67B
Properties0.000.000.000.00
CurrentAssets1.15B1.66B2.01B2.22B
OtherCurrentAssets38.70M42.60M36.30M32.40M
PrepaidAssets152.30M225.60M106.10M132.30M
Receivables256.80M319.00M247.00M195.00M
ReceivablesAdjustmentsAllowances-3.60M-4.20M-8.50M-8.00M
OtherReceivables160.80M191.70M162.20M170.20M
AccountsReceivable99.60M131.50M93.30M32.80M
CashCashEquivalentsAndShortTermInvestments706.60M1.07B1.62B1.86B
CashAndCashEquivalents706.60M1.07B1.62B1.86B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-181.30M74.00M605.80M627.80M
RepurchaseOfCapitalStock0.00-149.80M-601.10M0.00
RepaymentOfDebt-138.70M-142.50M-1.77B-125.90M
IssuanceOfDebt0.000.001.54B472.50M
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-540.60M-381.90M-272.40M-268.30M
InterestPaidSupplementalData415.50M420.10M721.70M514.60M
IncomeTaxPaidSupplementalData3.80M73.90M72.80M108.30M
EndCashPosition723.80M1.09B1.64B1.88B
BeginningCashPosition1.09B1.64B1.88B1.87B
EffectOfExchangeRateChanges-2.30M-400.00K-2.50M-4.50M
ChangesInCash-368.40M-549.30M-233.40M14.20M
FinancingCashFlow-186.50M-262.60M-853.00M339.90M
CashFlowFromContinuingFinancingActivities-186.50M-262.60M-853.00M339.90M
NetOtherFinancingCharges-49.30M24.40M-29.80M-17.50M
ProceedsFromStockOptionExercised1.50M5.30M6.90M10.80M
NetCommonStockIssuance0.00-149.80M-601.10M0.00
CommonStockPayments0.00-149.80M-601.10M0.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt-138.70M-142.50M-229.00M346.60M
NetShortTermDebtIssuance0.000.00
ShortTermDebtPayments0.000.00
ShortTermDebtIssuance0.000.00
NetLongTermDebtIssuance-138.70M-142.50M-229.00M346.60M
LongTermDebtPayments-138.70M-142.50M-1.77B-125.90M
LongTermDebtIssuance0.000.001.54B472.50M
InvestingCashFlow-541.20M-742.60M-258.60M-1.22B
CashFlowFromContinuingInvestingActivities-541.20M-742.60M-258.60M-1.22B
NetOtherInvestingChanges-5.10M-3.70M23.90M-9.40M
NetInvestmentPurchaseAndSale8.00M0.00-26.00M
SaleOfInvestment8.00M0.00
PurchaseOfInvestment0.000.00-26.00M
NetBusinessPurchaseAndSale500.00K-357.50M-15.00M-919.60M
SaleOfBusiness500.00K8.00M
PurchaseOfBusiness0.00-365.50M-15.00M-919.60M
NetIntangiblesPurchaseAndSale-57.90M-21.90M-9.00M-24.20M
PurchaseOfIntangibles-57.90M-21.90M-9.00M-24.20M
NetPPEPurchaseAndSale4.00M500.00K4.90M1.50M
SaleOfPPE4.00M500.00K4.90M1.50M
CapitalExpenditureReported-482.70M-360.00M-263.40M-244.10M
OperatingCashFlow359.30M455.90M878.20M896.10M
CashFlowFromContinuingOperatingActivities359.30M455.90M878.20M896.10M
ChangeInWorkingCapital-316.80M-390.60M-161.40M-89.40M
ChangeInOtherWorkingCapital33.40M-50.20M27.30M10.20M
ChangeInOtherCurrentLiabilities-346.60M-198.40M-85.20M-71.30M
ChangeInOtherCurrentAssets-35.70M-18.20M-2.20M-21.70M
ChangeInPayablesAndAccruedExpense-53.50M17.30M4.00M108.00M
ChangeInAccruedExpense-67.70M25.90M17.40M138.40M
ChangeInPayable14.20M-8.60M-13.40M-30.40M
ChangeInAccountPayable14.20M-8.60M-13.40M-30.40M
ChangeInPrepaidAssets26.70M-66.30M-24.10M-32.30M
ChangeInReceivables58.90M-74.80M-81.20M-82.30M
ChangesInAccountReceivables58.90M-74.80M-81.20M-82.30M
OtherNonCashItems388.30M269.60M126.50M170.80M
StockBasedCompensation52.90M85.90M58.10M35.10M
AssetImpairmentCharge89.10M130.60M118.20M0.00
DeferredTax-58.10M-32.70M-150.70M-4.50M
DeferredIncomeTax-58.10M-32.70M-150.70M-4.50M
DepreciationAmortizationDepletion433.60M435.10M567.50M344.50M
DepreciationAndAmortization433.60M435.10M567.50M344.50M
OperatingGainsLosses83.60M449.40M98.30M19.10M
EarningsLossesFromEquityInvestments5.30M8.00M10.10M-6.90M
GainLossOnInvestmentSecurities68.00M-481.90M69.90M24.90M
GainLossOnSaleOfPPE10.00M100.00K7.90M1.10M
GainLossOnSaleOfBusiness0.00923.20M0.000.00
NetIncomeFromContinuingOperations-313.30M-491.40M221.70M420.50M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for PENN
Date User Asset Broker Type Position Size Entry Price Patterns