Penn National Board Authorizes New $750M Buyback Program Feb. 3, 2022 at 7:38 a.m. ET Penn National Gaming stock drops after profit misses while revenue beats, as gaming expenses jump
What's happened to Penn National Gaming stock?
Nov 10, 2021 · Why Penn National Stock Has Lost Its Luster By Travis Hoium - Nov 10, 2021 at 10:14AM Key Points The online gambling business that was supposed to drive growth has been slow to materialize. Q3...
What drove Penn National Gaming’s 15% fall in April?
May 05, 2021 · Shares of Penn National Gaming ( PENN -5.45% ), a major casino operator, fell 15% in April, according to data from S&P Global Market Intelligence. That continues a decline that started on March 15 ...
Is Penn National Gaming's dividend a window into a company's Soul?
Nov 04, 2021 · What happened. Shares of Penn National Gaming ( PENN -3.44% ) tumbled to the tune of 21.1% on Thursday after the company reported third-quarter earnings that …
Is Penn National's Stock up 960% between April 2020 and March 2021?
Nov 04, 2021 · Penn National Gaming's stock was trading about 19.4% lower at $58.63 per share on Thursday at the time of publication. The stock has …
Is Penn National Gaming a good stock to buy?
Bottom line: Penn stock is not a buy as it is trading around its 50-day line and well below its 200-day line. Still, as a leader in the booming sports betting market, investors should keep an eye on this stock for future buying opportunities.Feb 18, 2022
What happened to Penn Gaming?
Shares of Penn National Gaming (NASDAQ: PENN) fell 17.4% in March, according to data from S&P Global Market Intelligence. Notably, Penn's interactive sports betting and iGaming segment, bolstered by the 2020 acquisition of Barstool Sports and last year's acquisition of Score Media, grew like gangbusters, up 257%.
Is Penn National Gaming profitable?
Penn National Gaming Reports Third Quarter Revenues of $1.5 Billion, Net Income of $86.1 Million, Adjusted EBITDAR of $480.3 Million, and Adjusted EBITDA of $364.3 Million. WYOMISSING, Pa. --(BUSINESS WIRE)--Nov. 4, 2021-- Penn National Gaming, Inc.Nov 4, 2021
Is Penn a buy today?
Penn National Gaming has received a consensus rating of Buy. The company's average rating score is 2.61, and is based on 11 buy ratings, 7 hold ratings, and no sell ratings.
How high will Penn National Gaming stock go?
Stock Price Forecast The 18 analysts offering 12-month price forecasts for Penn National Gaming Inc have a median target of 61.50, with a high estimate of 96.00 and a low estimate of 38.00. The median estimate represents a +65.19% increase from the last price of 37.23.
Will Penn National Gaming bounce back?
Penn National Gaming (NASDAQ:PENN) is coming of a brutal 2021, in which it was one of the worst-performing gaming equities. But even after the stock shed roughly half its value last year, some analysts believe it may bounce back in 2022.Jan 13, 2022
How much PENN stock does Dave Portnoy own?
Portnoy is among a small group of Barstool execs that maintains 28 percent ownership of the company. Although he has never disclosed exactly how many shares of Penn National Gaming he acquired through the deal, he says it's “a ton.” Find out what he's done with that cash during the pandemic.Jan 18, 2022
Who owns Penn National Gaming?
It operates 44 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also owns a 36% stake in Barstool Sports....Penn National Gaming.TypePublicTotal assets$14.667 billion (2020)Total equity$2.655 billion (2020)Number of employees18,321 (2020)12 more rows
Does Penn own barstool?
Penn National acquired a 36% share of Barstool Sports for $163 million in January 2020 in a deal calling for additional investment of $62 million within three years to attain 50% ownership.Feb 3, 2022
Is Penn a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Will Tilray go up?
That means that it is possible for Tilray to reach $4 billion in 2024 if its trajectory continues as it has. In other words, it doubles in 2022 to reach $1 billion in revenue. That $1 doubles again in 2023, reaching $2 billion, and then again in 2024 to hit the stated $4 billion goal.Jan 4, 2022
What is the target price for Penn?
Stock Price TargetHigh$96.00Low$38.00Average$63.39Current Price$37.38
There was no particular news that would have led to Penn National's drop, but sometimes you don't need news
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
What happened
Shares of Penn National Gaming ( NASDAQ:PENN), a major casino operator, fell 15% in April, according to data from S&P Global Market Intelligence. That continues a decline that started on March 15, which has seen the stock lose slightly more than a third of its value.
So what
The interesting thing here is that there hasn't been much in the way of negative news about Penn National Gaming over this span. In fact, the most notable update was that it got approval to expand its online sports-betting business into Virginia -- clearly a positive.
Now what
Long-term investors should probably tread with caution here. It's not that Penn National Gaming is a bad company; it's just that after such a massive price move, it really isn't a shock to see investors wanting to take some profits.
Is Penn Stock A Buy As It Opens Another Casino In Pennsylvania?
Penn National Gaming is among the top-rated gambling stocks as more states allow sports betting and online wagering.
Is MGM Stock A Buy As It Reportedly Mulls Buying Gambling Powerhouse?
MGM Resorts has rallied as vaccines roll out with sports betting providing an extra boost. But is MGM stock a buy now?
Betting Stocks Soar as ARK Ups DraftKings (DKNG) Stake
Here's why it may be worth betting on online gaming stocks. Watch these trading levels in DraftKings and another stock favored by gamblers.
Influencers with Andy Serwer: Billie Jean King
In this episode of Influencers, Andy is joined by Billie Jean King, legendary tennis player and author of the new book 'All In', as she shares stories from her childhood, her thoughts on the new generation of activist athletes, and why she says women need to 'follow the money'.
Penn National, Online Gambling Stocks Continue to Climb
Penn National Gaming and other online gambling companies continued to climb Wednesday just as the college and professional football seasons are set to kick off. Penn National shares on Wednesday rose 8% to $79.49 at last check.
Is Penn National Gaming (PENN) Still a Great Investment Choice?
Baron Funds, an asset management firm, published its “Baron Real Estate Fund” second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 4.65% was delivered by the fund’s institutional shares for the Q2 of 2021, below both its MSCI Real Estate and MSCI US REIT benchmarks that […]
This Scenario Could Cause These 2 Gaming Stocks to Surge
Since the Professional and Amateur Sports Protection Act (PASPA) was overturned just over three and a half years ago, there has been a patchwork of legalization efforts across states to allow sports wagers. For example, Illinois legalized mobile sports betting in 2019, but with an interesting caveat.
Is Legalized Online Betting a Boon for PENN Stock?
Of course, the counterargument for why buyers of PENN stock should hold onto their position is the aforementioned online sports betting angle. As Sportshandle.com mentioned, Penn’s strategic partnerships feature a “bevy of online sports betting companies.” Theoretically, it’s a paradigm shift for the betting community and Penn National.
Competition Then Becomes a Concern
Now you might be saying to yourself that 70% of the U.S. market is a big number. And it is. However, not everyone will gamble so the addressable market is smaller than that. Also, you’ve got to figure that competition is a major concern.
Why Penn National Stock Is So Exciting
Penn National owns some great assets. Penn has 41 gaming and racing properties in 19 states. It is a fast mover in sports betting and takes bets in seven states. All told, it has 1,300 table games and 8,800 hotel rooms. Its loyalty program has more than 20 million members.
Why Penn National Earnings Could Nuke the Stock
The end of the pandemic will be fantastic news for Penn National. The relationship with Portnoy and Barstool should add value over time.
The Complete List of Best (and Worst) Stocks for 2021
Wall Street insider Shah Gilani says 2021 could be a gold mine for Americans.
Lofty expectations meet reality for Penn National and other gaming shares
On the same day Penn National issued a strong Q1 report that beat estimates, shares dropped about 10% to $81.89 last Thursday. And then the stock continued dropping Friday and again on Monday, closing at $81.07.
Running for the doors is a psychological response
It was again human nature to run for the doors once the euphoria subsided, he said.
