NASDAQ:PENN

17.85
0.42 (2.41%) 1d
0

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BUY

Gambling is hot again. They bought Barstool and he likes that deal.

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DON'T BUY
A cheap stock, but there are too many players in betting. Can't recommend any of them now.
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DON'T BUY
Among the biggest losers on the S&P in 2021 #1, down 40%. Gaming was once the hot business for investors. PENN merged with Barstool was supposed to blend a hot entertainment property with this gambling business. Problem is, other companies had the same idea to cash in on a growing market. Once more states permit gambling and there are more mergers, he expects a lot of money to be made. PENN is well-run, too. But Covid needs to vanish and consolidation needs to happen.
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HOLD
It's down over 40%, crushed. We're in the height of gambling season. This may go down later. To sell it now is a mistake.
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premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Oct 28/21, Down 24%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PENN has triggered its stop at $55. To remain disciplined, we recommend covering the position at this time. We will continue to look for better opportunities.
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate PENN, a company that operates casinos, resorts, off-track betting and gaming apps, as a TOP PICK. Quarter over quarter earnings are expected to be up 58% with annual EPS expected to be up over 160%, when results get reported early next month. As more states turn to legalizing sports betting to help build revenues themselves, this bodes well for the company that has 44 facilities in the US and Canada. The company was added to the S&P500 Index recently, meaning there will be an underlying need to own it by index builders. We like how cash reserves are growing while debt is being reduced. We continue to recommend a stop loss at $55, looking to achieve $110 -- upside potential over 50%. Yield 0%. (Analysts’ price target is $113.40)
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BUY
Likes it and it's performing well. It's gambling season right now.
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BUY
Gambling stocks plunged today Gambling stocks like this are due for a bounce as the world reopens and there's more sports betting to come.
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WAIT
It's tough. PENN is down 10% YTD. He expects NFL betting will be bigger than NBA betting--and this will make PENN a winner, but the NFL season doesn't start until the fall.
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly PENN is a company that operates casinos, resorts, off-track betting and gaming apps. Recently reported earnings of $0.55 per share far exceeded analyst calls for $0.30. Revenue gained 14% of the year. More states are turning to legalizing sports betting to help build revenues themselves. The company was just added to the S&P500 Index, meaning there will be an underlying need to own it by index builders. It is estimated to have built cash reserves to over $2.5 billion. We would buy this with a stop loss at $55, looking to achieve $110 -- upside potential over 33%. Yield 0%. (Analysts’ price target is $110.14)
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HOLD

This and Draft Kings (where he works) just reported good quarters, but the shares went down. Investors struggled to find reasons, but sometimes declines are just dumb or for reasons unknown. There is zero evidence that gambling has peaked. In fact, he likes the stories behind both stocks. So, don't sell on this decline.

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BUY
Loves it for its CEO and the deal they did with Barstool Sports. It's doing very well and deserves to trade higher.
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BUY
They report Thursday. A favourite of his among gambling, which has been on a tear lately. The report will say whether their partnership with Barstool has attracted gambling customers. He expects good numbers.
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Penn National Gaming Inc(PENN-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Penn National Gaming Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Penn National Gaming Inc(PENN-Q) Frequently Asked Questions

What is Penn National Gaming Inc stock symbol?

Penn National Gaming Inc is a American stock, trading under the symbol PENN-Q on the NASDAQ (PENN). It is usually referred to as NASDAQ:PENN or PENN-Q

Is Penn National Gaming Inc a buy or a sell?

In the last year, there was no coverage of Penn National Gaming Inc published on Stockchase.

Is Penn National Gaming Inc a good investment or a top pick?

Penn National Gaming Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Penn National Gaming Inc.

Why is Penn National Gaming Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Penn National Gaming Inc worth watching?

0 stock analysts on Stockchase covered Penn National Gaming Inc In the last year. It is a trending stock that is worth watching.

What is Penn National Gaming Inc stock price?

On 2024-04-24, Penn National Gaming Inc (PENN-Q) stock closed at a price of $17.85.