PENN Entertainment, Inc. (PENN)

Over the past six months, PENN Entertainment's stock has declined. Key events include the third-quarter 2025 financial results reporting share repurchases and a new repurchase program, the opening of a second hotel tower at M Resort Las Vegas, the termination of the partnership with ESPN, the announcement of a new corporate organizational structure, the announcement of fourth-quarter results reporting, diverse analyst perspectives with an average 12-month price target decrease, and the stock trading at $12.37, down 5.14% for the day.

While detailed information is limited, PENN Entertainment's retail casino business has generally stable demand, but has experienced underperformance due to disruptions, weather, and a challenging calendar. The interactive segment aims to capitalize on the growing sports betting market, indicating potential seasonality tied to major sporting events. The PENN Play loyalty program helps drive consistent engagement across both retail and digital platforms.

PENN Entertainment, Inc. is an American entertainment company providing integrated entertainment, sports content, and casino gaming experiences. It operates in the Consumer Discretionary sector, specifically within the Resorts & Casinos industry, with a portfolio of casinos, racetracks, and online sports betting. Its offerings include gaming operations, food and beverage, hotel accommodations, and online sports betting and iCasino under brands like Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet. The company also manages the PENN Play customer loyalty program.

PENN Entertainment operates 43 properties across 20 states in North America, segmented into Northeast, South, West, Midwest, and Interactive divisions. It offers sports betting in 17 U.S. jurisdictions and online casino gaming in five under theScore Bet brand. Additionally, PENN owns the Canadian digital media company Score Media and Gaming.

PENN Entertainment has been recognized for its workplace diversity and internship programs, including being named a top diverse employer and one of America's Greatest Workplaces. A significant event impacting brand strategy was the termination of the partnership with ESPN and the transition to theScore brand, following the earlier reselling of Barstool. The company's marketing strategy has shifted with the launch of ESPN BET and the rollout of standalone Hollywood Casino apps.

PENN Entertainment, Inc. has a mixed ownership structure. Approximately 48.75% of the company's stock is owned by Institutional Investors, 1.81% by Insiders, and 49.44% by Public Companies and Individual Investors. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, HG Vora Capital Management, LLC, Shapiro Capital Management Llc, DME Capital Management, LP, Invesco Ltd., and Hill Path Capital LP. Notable individual owners (insiders) include CEO Jay Snowden.