PENN Entertainment Inc (NASDAQ: PENN): The Best-Of-Breed For Investing?

Currently, there are 151.55M common shares owned by the public and among those 150.89M shares have been available to trade.

The company’s stock has a 5-day price change of -3.51% and -32.02% over the past three months. PENN shares are trading -34.55% year to date (YTD), with the 12-month market performance down to -38.45% lower. It has a 12-month low price of $16.46 and touched a high of $31.63 over the same period. PENN has an average intraday trading volume of 5.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.28%, -16.08%, and -25.93% respectively.

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Institutional ownership of PENN Entertainment Inc (NASDAQ: PENN) shares accounts for 91.37% of the company’s 151.55M shares outstanding.

It has a market capitalization of $2.60B and a beta (3y monthly) value of 2.06. The earnings-per-share (ttm) stands at -$3.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.23% over the week and 4.05% over the month.

Analysts forecast that PENN Entertainment Inc (PENN) will achieve an EPS of -$0.55 for the current quarter, $0.08 for the next quarter and $1.13 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.76 while analysts give the company a high EPS estimate of -$0.38. Comparatively, EPS for the current quarter was $3.05 a year ago. Earnings per share for the fiscal year are expected to increase by 81.11%, and 277.30% over the next financial year.

Looking at the support for the PENN, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on November 20, 2023, with the firm’s price target at $27-$30. CapitalOne coverage for the PENN Entertainment Inc (PENN) stock in a research note released on October 12, 2023 offered a Equal Weight rating with a price target of $25. Truist was of a view on August 10, 2023 that the stock is Hold, while Craig Hallum gave the stock Hold rating on August 10, 2023, issuing a price target of $56- $30. ROTH MKM on their part issued Buy rating on May 02, 2023.

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