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Penn National Gaming Inc Stock Research

PENN

21.63USD-0.91(-4.04%)Market Closed
Watchlist

Market Summary

USD21.63-0.91
Market Closed
-4.04%

PENN Alerts

  • 1 major insider buys recently.
  • Big jump in Earnings (Y/Y)

PENN Stock Price

PENN RSI Chart

PENN Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

4.48

Price/Sales (Trailing)

0.5

EV/EBITDA

1.07

Price/Free Cashflow

4.32

PENN Price/Sales (Trailing)

PENN Profitability

EBT Margin

11.65%

Return on Equity

16.4%

Return on Assets

4.02%

Free Cashflow Yield

23.16%

PENN Fundamentals

PENN Revenue

Revenue (TTM)

6.6B

Revenue Y/Y

2.94%

Revenue Q/Q

0.09%

PENN Earnings

Earnings (TTM)

737.2M

Earnings Y/Y

200.38%

Earnings Q/Q

-84.76%

Price Action

52 Week Range

21.3239.35
(Low)(High)

Last 7 days

1.9%

Last 30 days

-6.2%

Last 90 days

-7.1%

Trailing 12 Months

-18.1%

PENN Financial Health

Current Ratio

1.38

PENN Investor Care

Buy Backs (1Y)

7.28%

Diluted EPS (TTM)

4.39

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for PENN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-22
Rogers Christopher Byron
acquired
-
-
5,707
evp and chief strategy officer
2023-09-22
Rogers Christopher Byron
back to issuer
-130,976
22.95
-5,707
evp and chief strategy officer
2023-09-22
George Todd
back to issuer
-261,974
22.95
-11,415
evp, operations
2023-09-22
George Todd
acquired
-
-
11,415
evp, operations
2023-09-06
Hendrix Felicia
bought
250,140
22.41
11,162
evp and cfo
2023-08-23
HANDLER DAVID A
bought
443,079
22.65
19,562
-
2023-08-22
HANDLER DAVID A
bought
9,990
22.81
438
-
2023-06-13
SHATTUCK KOHN BARBARA
sold
-810,446
26.62
-30,445
-
2023-03-14
LaBombard Christine
acquired
-
-
5,053
svp and cao
2023-03-14
LaBombard Christine
sold
-
-
-5,053
svp and cao

1–10 of 50

Which funds bought or sold PENN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Jefferies Group LLC
new
-
880,430
880,430
0.01%
2023-09-21
Baystate Wealth Management LLC
sold off
-100
-2,669
-
-%
2023-09-20
BARCLAYS PLC
reduced
-6.81
-1,555,000
4,800,000
-%
2023-09-12
Farther Finance Advisors, LLC
added
2,046
94,806
100,590
0.02%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
-107
457
-%
2023-09-07
ST GERMAIN D J CO INC
new
-
553
553
-%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
-33.00
145
-%
2023-08-24
Adalta Capital Management LLC
unchanged
-
-50,000
216,000
0.14%
2023-08-24
Alberta Investment Management Corp
new
-
249,576
249,576
-%
2023-08-23
Stonebridge Capital Advisors LLC
unchanged
-
-6,699
28,596
-%

1–10 of 43

Latest Funds Activity

Are funds buying PENN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PENN
No. of Funds

Schedule 13G FIlings of Penn National Gaming

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
hg vora capital management, llc
6.6%
10,250,000
SC 13G
Feb 14, 2023
bamco inc /ny/
4.59%
7,126,507
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
9.21%
14,290,117
SC 13G/A
Feb 02, 2023
invesco ltd.
3.3%
5,129,187
SC 13G/A
Jan 24, 2023
blackrock inc.
9.6%
14,940,346
SC 13G/A
Feb 14, 2022
bamco inc /ny/
5.87%
9,952,599
SC 13G/A
Feb 14, 2022
invesco ltd.
7.0%
11,839,358
SC 13G
Feb 10, 2022
vanguard group inc
10.53%
17,857,600
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A

Recent SEC filings of Penn National Gaming

View All Filings
Date Filed Form Type Document
Sep 29, 2023
8-K
Current Report
Sep 26, 2023
4
Insider Trading
Sep 26, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Aug 24, 2023
4
Insider Trading
Aug 11, 2023
8-K
Current Report
Aug 11, 2023
424B7
Prospectus Filed
Aug 09, 2023
8-K
Current Report
Aug 09, 2023
10-Q
Quarterly Report
Aug 08, 2023
8-K
Current Report

Peers (Alternatives to Penn National Gaming)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
60.2B
22.9B
-5.86% 38.60%
21.97
2.71
27.87% 59.84%
12.6B
14.8B
-17.05% 23.80%
33.62
0.85
24.74% -88.46%
10.3B
4.9B
-8.86% 46.96%
1.5K
2.09
26.04% 101.07%
MID-CAP
10.0B
2.9B
-6.84% -0.65%
34.79
3.47
14.39% -22.93%
8.5B
2.2B
-9.03% 25.01%
23.94
3.9
28.56% -26.62%
7.7B
1.4B
-11.72% 10.95%
24.32
5.34
-12.16% -16.00%
3.3B
6.6B
-6.24% -18.07%
4.48
0.5
4.51% 252.90%
2.8B
1.7B
-7.22% 0.77%
11.21
1.63
4.65% -9.64%
2.4B
1.8B
-9.41% -10.18%
9.26
1.33
4.78% 218.46%
1.8B
1.4B
-1.51% 32.26%
22.74
1.33
-10.34% -40.81%
SMALL-CAP
1.6B
603.5M
-1.38% 24.88%
11.18
2.61
67.23% 329.24%
1.2B
494.6M
-6.89% 11.74%
13.45
2.45
10.82% 12.88%
958.1M
1.1B
-7.58% -4.21%
19.56
0.85
-0.35% -53.55%
154.4M
461.6M
-21.49% -21.49%
-35.91
0.33
5.35% -117.72%
142.8M
187.0M
-12.86% -24.02%
-5.18
0.76
6.04% -608.56%

Penn National Gaming News

Nasdaq
Wedbush Initiates Coverage of VICI Properties (VICI) with Neutral ....
Nasdaq,
6 hours ago
New York Post
ESPN BET Promo Code | October 2023.
New York Post ,
33 days ago
TheStreet
StreetInsider.com
Casino.Org News
Casino.Org News

Returns for PENN

Cumulative Returns on PENN

6.2%


10-Year Cumulative Returns

8.0%


7-Year Cumulative Returns

-7.8%


5-Year Cumulative Returns

-32.3%


3-Year Cumulative Returns

Risks for PENN

What is the probability of a big loss on PENN?

100%


Probability that Penn National Gaming stock will be more than 20% underwater in next one year

94.6%


Probability that Penn National Gaming stock will be more than 30% underwater in next one year.

75%


Probability that Penn National Gaming stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PENN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Penn National Gaming was unfortunately bought at previous high price.

Drawdowns

Financials for Penn National Gaming

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue0.7%6,5596,5116,4026,3896,2756,1945,9055,3604,9783,7383,5793,8934,1175,1355,3015,1164,5514,0553,5883,2023,218
Operating Expenses--------------------2,6652,694
  S&GA Expenses8.8%1,3141,2081,1101,1811,2801,3221,3531,3211,2621,1501,1311,1331,1251,2081,1881,124939785619530512
EBITDA-100.0%-1,9881,4651,3221,3851,5001,4511,4031,40889079.00-40.30-94.402621,036------
EBITDA Margin-100.0%-0.31*0.23*0.21*0.22*0.24*0.25*0.26*0.28*0.24*0.02*-0.01*-0.02*0.05*0.20*------
Interest Expenses-12.2%591672722631578536515517441358355380451533528594570551530449453
Earnings Before Taxes4.0%789758175176357527539506510-14.60-834-956-1,020-67786.0010385.0085.0090.0090.0075.00
EBT Margin-100.0%-0.12*0.03*0.03*0.06*0.09*0.09*0.09*0.10*0.00*-0.23*-0.25*-0.25*-0.13*0.02*------
Net Income7.6%73768522224620938242138744330.00-669-773-871-60644.0095.0087.0089.0094.00-202551
Net Income Margin-100.0%-0.11*0.03*0.04*0.04*0.06*0.07*0.07*0.09*0.01*-0.19*-0.20*-0.21*-0.12*0.01*------
Free Cashflow-100.0%-801878877828941896897974549335402254541700------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.1%17,02817,04017,50217,53517,88118,07116,87215,74915,07814,88814,66714,81214,32213,93814,19514,31814,32213,49810,9615,0845,092
  Current Assets-1.0%1,7361,7532,0132,0592,0592,1132,2243,0392,5522,3482,0852,1871,6471,270643628609639678348309
    Cash Equivalents-3.0%1,2721,3111,6241,7281,7081,8061,8802,7292,2752,0621,8541,8731,244731455407379400481245200
  Inventory-4.9%33.0035.0011.00------------------
  Net PPE0.0%3,4443,4434,5164,5174,5404,5804,5824,5704,4564,4834,5294,5934,6774,7465,1205,1555,2165,2286,8692,6502,681
  Goodwill1.1%2,9572,9262,6902,6622,8002,8472,8231,1751,1661,1571,157---1,2711,3501,3541,27944.002381,009
Liabilities-0.4%12,81912,86513,90613,91914,11514,11812,77512,67712,12012,13212,01212,18012,81712,66112,34312,37912,31811,63610,230--
  Current Liabilities-3.5%1,2271,2711,1591,1481,0861,1231,1331,078958947860921828814906877861820738473489
  Long Term Debt--------------------1,0141,041
    LT Debt, Current0%56.0056.0056.0056.0056.0010010095.0090.0086.0081.0085.0072.0068.0063.0063.0063.0063.0062.00--
    LT Debt, Non Current0.1%2,7232,7212,7212,7302,7302,6942,6372,6542,2702,2902,2312,3563,0452,8292,3222,3922,4902,3112,350--
Shareholder's Equity0.8%4,2104,1753,5983,6173,7663,9534,0973,0712,9582,7562,6562,6321,5051,2781,8521,9391,8921,86273171.0028.00
  Retained Earnings11.7%74766915513410.00-15.90-86.50-131-217-416-507-518-660-446162254210159118-925-962
  Additional Paid-In Capital0.4%4,3534,3344,2204,2024,1874,1704,2403,2043,1793,1753,1673,1562,1701,7291,7181,7131,7091,7301,7261,0241,019
Shares Outstanding-0.3%153153-158165168-15615615615613812711611611511611611792.0091.00
Minority Interest-25.0%-1.50-1.20-1.10-1.10-0.80-0.80-0.70-0.50-0.50-0.50-0.40-2.00-1.30-0.80-0.80-0.40-0.20-0.01---
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-4.4%766801878877828941896897974553339406258545704572461412353423471
  Share Based Compensation9.0%63.0058.0058.0058.0053.0048.0035.0025.0019.0013.0015.0016.0017.0018.0015.0014.0013.0013.0012.0011.0010.00
Cashflow From Investing-1.8%-607-597-258-1,132-1,236-1,234-1,221-267-114-77.60-233-301-331-643-607-1,881-1,838-1,507-1,423-113-134
Cashflow From Financing15.4%-589-696-853-740-15641.003402401748611,3101,357946432-1221,4891,5651,2911,272-329-359
  Buy Backs-14.1%409476601510342175--------25.00100100-50.000.0038.00

PENN Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Total revenues$ 1,674.8$ 1,626.9$ 3,348.1$ 3,191.1
Operating expenses    
General and administrative380.3273.8773.2569.3
Depreciation and amortization110.6150.3218.1268.5
Total operating expenses1,469.31,324.52,943.52,596.7
Operating income205.5302.4404.6594.4
Other income (expenses)    
Interest expense, net(115.6)(195.0)(228.6)(356.2)
Interest income9.91.420.31.8
Income from unconsolidated affiliates7.21.89.810.5
Gain on Barstool Acquisition, net0.00.083.40.0
Gain on REIT transactions, net0.00.0500.80.0
Loss on early extinguishment of debt0.0(10.4)0.0(10.4)
Other5.8(17.8)4.8(58.5)
Total other income (expenses)(92.7)(220.0)390.5(412.8)
Income before income taxes112.882.4795.1181.6
Income tax expense(34.7)(56.3)(202.6)(103.9)
Net income78.126.1592.577.7
Less: Net loss attributable to non-controlling interest0.30.00.40.1
Net income attributable to PENN Entertainment$ 78.4$ 26.1$ 592.9$ 77.8
Earnings per share:    
Basic earnings per share (in dollars per share)$ 0.51$ 0.16$ 3.86$ 0.47
Diluted earnings per share (in dollars per share)$ 0.48$ 0.15$ 3.54$ 0.45
Weighted average common shares outstanding - basic (in shares)152.8164.8153.0166.5
Weighted average common shares outstanding - diluted (in shares)167.9180.2168.2182.3
Gaming    
Revenues    
Total revenues$ 1,292.8$ 1,325.6$ 2,617.4$ 2,616.8
Operating expenses    
Cost of revenue710.6713.61,440.11,400.2
Food, beverage, hotel, and other    
Revenues    
Total revenues382.0301.3730.7574.3
Operating expenses    
Cost of revenue$ 267.8$ 186.8$ 512.1$ 358.7

PENN Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 1,271.6$ 1,624.0
Accounts receivable, net289.6246.4
Prepaid expenses114.0106.1
Inventory, net33.011.1
Other current assets27.525.8
Total current assets1,735.72,013.4
Property and equipment, net3,443.84,515.5
Investment in and advances to unconsolidated affiliates86.4248.6
Goodwill2,957.12,689.5
Other intangible assets, net2,218.61,738.9
Lease right-of-use assets6,374.86,103.3
Other assets211.6192.9
Total assets17,028.017,502.1
Current liabilities  
Accounts payable52.440.1
Current maturities of long-term debt56.256.2
Current portion of financing obligations40.363.4
Current portion of lease liabilities328.0194.3
Accrued expenses and other current liabilities749.8804.7
Total current liabilities1,226.71,158.7
Long-term debt, net of current maturities, debt discount and debt issuance costs2,722.82,721.3
Long-term portion of financing obligations2,406.83,970.7
Long-term portion of lease liabilities6,068.45,903.0
Deferred income taxes261.833.9
Other long-term liabilities132.7117.9
Total liabilities12,819.213,905.5
Commitments and contingencies (Note 12)
Stockholders’ equity  
Treasury stock, at cost, (25,166,902 and 19,728,681 shares)(779.7)(629.5)
Additional paid-in capital4,353.04,220.2
Retained earnings747.4154.5
Accumulated other comprehensive loss(124.0)(168.6)
Total PENN Entertainment stockholders’ equity4,210.33,597.7
Non-controlling interest(1.5)(1.1)
Total stockholders’ equity4,208.83,596.6
Total liabilities and stockholders’ equity17,028.017,502.1
Series B Preferred Stock  
Stockholders’ equity  
Preferred stock0.00.0
Series C Preferred Stock  
Stockholders’ equity  
Preferred stock0.00.0
Series D Preferred Stock  
Stockholders’ equity  
Preferred stock11.819.4
Common Stock, Non-Exchangeable  
Stockholders’ equity  
Common stock1.81.7
Common Stock, Exchangeable  
Stockholders’ equity  
Common stock$ 0.0$ 0.0
Jay A. Snowden
22000
Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals. It operates through five segments: Northeast, South, West, Midwest, Interactive. The company offers casino gaming, online gaming, live racing, sports betting, and digital sports content. As of December 31, 2021, the company owned, managed, or had ownership interests in 44 gaming and racing properties in 20 states. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Tropicana Las Vegas, L'Auberge, M Resort, and My Choice. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.