PENN Entertainment, Inc. (PENN) Stock Price & Analysis
PENN Entertainment, Inc. (PENN) closed at USD 15.46 on Thursday, October 22, 2026, up 3.83% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 15.46; the Oct 22, 2026 session ranged USD 14.72–15.52 on volume of 2,752,368 shares. Market capitalization is —, with a 52-week range of USD 11.65–22.36 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PENN.md
Key facts (PENN)
- Last four reported quarters (through Jun 30, 2026): revenue $7.16B, net income -$907M (-12.7% margin), free cash flow $96.1M (SEC filings).
- 2 of 80 tracked superinvestors hold PENN (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Total return with dividends: 1Y -14.2% vs S&P 500 +14.9%; 5Y -79.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.12, revenue estimate $1.84B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PENN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.91B | $6.40B | $6.36B | $6.58B | $6.96B | $7.16B |
| Operating income | $1.06B | $974M | -$690M | $72.5M | -$674M | -$565M |
| Net income | $421M | $222M | -$490M | -$312M | -$843M | -$907M |
| EPS (diluted) | $2.48 | $1.29 | -$3.22 | -$2.05 | -$5.83 | — |
| Free cash flow | $652M | $615M | $95.9M | -$123M | -$140M | $96.1M |
| Operating margin | 17.9% | 15.2% | -10.8% | 1.1% | -9.7% | -7.9% |
| Net margin | 7.1% | 3.5% | -7.7% | -4.7% | -12.1% | -12.7% |
| Revenue growth | +65.0% | +8.4% | -0.6% | +3.4% | +5.8% | — |
| Cash + short-term investments | $1.86B | $1.62B | $1.07B | $707M | $687M | — |
| Total debt | $2.84B | $2.82B | $2.80B | $2.80B | $2.90B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PENN)
Superinvestors (SEC 13F-HR, Q2 2026) (PENN)
2 of 80 tracked investors hold PENN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Einhorn | Greenlight Capital | 3.20% | $125M | Reduced -3.0% |
| Prem Watsa | Fairfax Financial Holdings | 0.04% | $1.2M | Unchanged |
Analysts (PENN)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | JP Morgan | Target lowered | Overweight | $27 → $24 |
| 2026-10-19 | Morgan Stanley | Target lowered | Equal-Weight | $20 → $18 |
| 2026-10-19 | Susquehanna | Target lowered | Positive | $30 → $26 |
| 2026-10-19 | Wells Fargo | Target lowered | Equal-Weight | $23 → $22 |
| 2026-10-12 | Citigroup | Target lowered | Neutral | $22 → $17 |
| 2026-10-09 | Barclays | Target raised | Overweight | $26 → $27 |
| 2026-10-06 | Deutsche Bank | Upgrade | Hold → Buy | $23 → $25 |
| 2026-08-12 | Morgan Stanley | Target raised | Equal-Weight | $19 → $20 |
| 2026-08-07 | Benchmark | Target raised | Buy | $21 → $22 |
| 2026-08-07 | Macquarie | Target raised | Outperform | $23 → $25 |
| 2026-07-20 | B of A Securities | Target raised | Neutral | $18 → $22 |
| 2026-07-16 | Citizens | Target raised | Market Outperform | $24 → $26 |
Total return (dividends reinvested) (PENN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -14.2% | -79.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.2% | -27.0% |
| Volatility (annualized) | 51.8% | 45.8% |
| Max drawdown | -34.8% (Oct 2025→Feb 2026) | -84.2% (Oct 2021→Feb 2026) |
PENN revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Northeast | $731.6M | 39.4% | +2.8% |
| Interactive | $349.4M | 18.8% | +10.5% |
| Midwest | $320.6M | 17.3% | +7.9% |
| South | $301.9M | 16.3% | -0.1% |
| West | $151.5M | 8.2% | +10.0% |
| Total revenue | $1.86B | 100% | — |
PENN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Gaming | $1.40B | 75.2% | +2.1% |
| Food, beverage, hotel, and other | $460.8M | 24.8% | +16.0% |
| Food and beverage | $38.2M | 2.1% | -1.3% |
| Other | $23.5M | 1.3% | +0.9% |
| Hotel | $15.1M | 0.8% | +8.6% |
| Total revenue | $1.86B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PENN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | ESPN | “On November 6, 2025, the Company announced the early termination of our U.S. sportsbook agreement with ESPN, Inc. and ESPN Enterprises Inc. (together, "ESPN"), effective December 1, 2025.” |
| Partner | Kansas Entertainment | “(4) For the years ended December 31, 2025 and 2024, consists primarily of depreciation expense associated with our Kansas Entertainment joint venture.” |
| Partner | ESPN Enterprises | “On November 6, 2025, the Company announced the early termination of our U.S. sportsbook agreement with ESPN, Inc. and ESPN Enterprises Inc. (together, "ESPN"), effective December 1, 2025.” |
| Partner | NASCAR Holdings | “Hollywood Casino at Kansas Speedway, our 50% joint venture with NASCAR, is located in Kansas City, Kansas.” |
| Partner | Shake Shack Inc. (SHAK) | “We seek to grow our customer database and PENN Play loyalty program through our iCasino and OSB businesses, the development of new properties, the expansion of existing properties and other business lines, and through partnerships with third-party partners, such as Shake Shack Inc., Ticketmaster Entertainment, LLC, Norwegian Cruise Line Holdings Ltd., Live Nation Entertainment, Inc., and Choice Hotels Internationa…” |
| Partner | Ticketmaster Entertainment | “We seek to grow our customer database and PENN Play loyalty program through our iCasino and OSB businesses, the development of new properties, the expansion of existing properties and other business lines, and through partnerships with third-party partners, such as Shake Shack Inc., Ticketmaster Entertainment, LLC, Norwegian Cruise Line Holdings Ltd., Live Nation Entertainment, Inc., and Choice Hotels Internationa…” |
| Partner | Norwegian Cruise Line Holdings Ltd. (NCLH) | “We seek to grow our customer database and PENN Play loyalty program through our iCasino and OSB businesses, the development of new properties, the expansion of existing properties and other business lines, and through partnerships with third-party partners, such as Shake Shack Inc., Ticketmaster Entertainment, LLC, Norwegian Cruise Line Holdings Ltd., Live Nation Entertainment, Inc., and Choice Hotels Internationa…” |
| Partner | Live Nation Entertainment, Inc. (LYV) | “We seek to grow our customer database and PENN Play loyalty program through our iCasino and OSB businesses, the development of new properties, the expansion of existing properties and other business lines, and through partnerships with third-party partners, such as Shake Shack Inc., Ticketmaster Entertainment, LLC, Norwegian Cruise Line Holdings Ltd., Live Nation Entertainment, Inc., and Choice Hotels Internationa…” |
| Partner | Choice Hotels International | “We seek to grow our customer database and PENN Play loyalty program through our iCasino and OSB businesses, the development of new properties, the expansion of existing properties and other business lines, and through partnerships with third-party partners, such as Shake Shack Inc., Ticketmaster Entertainment, LLC, Norwegian Cruise Line Holdings Ltd., Live Nation Entertainment, Inc., and Choice Hotels Internationa…” |
| Partner | Barstool Sports | “On August 8, 2023, we entered into a stock purchase agreement with David Portnoy (the "Barstool SPA") and we sold 100% of the outstanding shares of Barstool Sports, Inc. ("Barstool" or "Barstool Sports") common stock.” |
Quoted from the company's 10-K filed Feb 26, 2026.
PENN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.12 | $0.09 | +28.4% | $1.84B | 5 |
| Next quarter (ends Dec 2026) | $0.34 | $0.36 | -5.6% | $1.94B | 5 |
| Current fiscal year (ends Dec 2026) | $0.94 | $0.90 | +3.8% | $7.42B | 5 |
| Next fiscal year (ends Dec 2027) | $1.30 | $1.46 | -10.6% | $7.74B | 6 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 15.46 |
|---|---|
| Change | ▲ 3.83% (up) |
| Previous Close | USD 15.46 |
| Open | USD 15.46 |
| Day Range | USD 14.72 – 15.52 |
| 52-Week Range | USD 11.65 – 22.36 |
| Volume | 2,752,368 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (PENN)
Nexqual's technical model rates PENN "NEUTRAL" based on 2 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 48.63 (neutral) |
| vs SMA50 | Below (USD 16.51) |
| MACD | -0.43 (negative) |
Earnings (PENN)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.12 |
| Revenue Estimate | $1.84B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.44 vs est 0.26 ▲ beat |
| 2026-03-31 | USD 0.11 vs est -0.01 ▲ beat |
| 2025-12-31 | USD 0.07 vs est -0.16 ▲ beat |
| 2025-09-30 | USD -0.22 vs est -0.03 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (PENN)
| Total Revenue | $7.16B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +5.20% |
| Gross Margin | +35.16% |
| Operating Margin | +7.93% |
| Profit Margin | -12.66% |
| ROE | -37.58% |
| Debt / Equity | 5.97 |
| Current Ratio | 0.89 |
| Total Cash | $887.20M |
| Total Debt | $11.06B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $96.10M (1.3% of revenue) |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financial Health Score (PENN)
Nexqual rates PENN Entertainment, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 09:22 UTC.
| Growth | Solid — Revenue +6% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 35%, operating 8% (last 12 months) |
| Balance Sheet | Critical — $887M cash and investments vs $2.81B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $96M (last 4 quarters to Jun 2026, SEC), slim 1.3% margin |
| Efficiency | Critical — ROE -38%, ROA 1.7% |
Ownership (PENN)
| Insider Ownership | +1.59% |
|---|---|
| Institutional Ownership | +106.86% |
| Shares Outstanding | 133.97M |
| Float | 118.23M |
| Short % of Float | +17.25% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From PENN Entertainment, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- PENN's focus is on organic cross-sell opportunities, reinforced by its market-leading retail casinos, sports media assets and technology, including a proprietary state-of-the-art, fully integrated digital sports betting and iCasino platform, and an in-house iCasino content studio.
- The Company's portfolio is further bolstered by its industry-leading PENN PlayTM customer loyalty program, offering its over 33 million members a unique set of rewards and experiences.
- Under this relationship, Barstool exclusively promoted the Company's sports betting and iCasino products, including the Barstool Sportsbook website and app, as well as our retail gaming and racing properties, to its national audience and granted us the sole right to utilize the Barstool brand for our online and retail sports betting and iCasino products.
Partnerships
- On November 6, 2025, the Company announced the early termination of our U.S. sportsbook agreement with ESPN, Inc. and ESPN Enterprises Inc. (together, "ESPN"), effective December 1, 2025.
- In connection with PENN's decision to rebrand our OSB business from Barstool Sportsbook to ESPN BET, we entered into a stock purchase agreement with David Portnoy on August 8, 2023 (the "Barstool SPA").
Legal & Regulatory Risks (Item 1A, quoted)
- Changes to consumer privacy laws could adversely affect our ability to market our products effectively and may require us to change our business practices or expend significant amounts on compliance with such laws.
- We may experience material increases to our taxes or the adoption of new taxes or the authorization of new or increased forms of gaming.
- Risks Related to Our Information Systems and Technology
- We have begun using artificial intelligence, machine learning, data science and similar technologies in our business, and challenges with properly managing such technologies could result in reputational harm, competitive harm, and legal liability, and adversely affect our results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MCRI | Monarch Casino & Resort, Inc. | USD 113.5 | ▲ 0.3% |
| MLCO | Melco Resorts & Entertainment L | USD 3.96 | ▼ 2.94% |
| HGV | Hilton Grand Vacations Inc. | USD 37.08 | ▲ 3.03% |
| VAC | Marriott Vacations Worldwide Co | USD 112.93 | ▼ 0.16% |
| RRR | Red Rock Resorts, Inc. | USD 50.43 | ▲ 2.38% |
| BYD | Boyd Gaming Corporation | USD 72.27 | ▲ 2.35% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
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