Penn National Gaming Inc. [PENN] Revenue clocked in at $6.19 billion, down -35.04% YTD: What’s Next?


Penn National Gaming Inc. [NASDAQ: PENN] closed the trading session at $33.68 on 06/02/22. The day’s price range saw the stock hit a low of $31.87, while the highest price level was $33.775. The company report on May 20, 2022 that Penn National Gaming Expands Popular myheroes Program to Honor its Veteran, Active-Duty and First Responder Team Members.

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Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or the “Company”) is pleased to announce the expansion of its exclusive myheroes program to recognize and engage the company’s team members who are veterans, active-duty military or first responders. The team member-focused extension of the program strengthens Penn National’s commitment to supporting our nation’s heroes.

Launched in May 2021, myheroes is an exclusive, fully integrated extension of Penn National’s industry leading mychoice loyalty rewards program. myheroes provides our nation’s active-duty military, veterans and first responder patrons and their chosen companion access to exclusive discounts, offers and unique events at Penn National’s 44 properties in 20 states. In February, the Company dedicated $100,000 to local veterans organizations and first responder groups in the jurisdictions where it operates to celebrate the milestone of 100,000 members enrolled. Since then, the program has grown to 125,000 members, who made more than two million trips to Penn properties over the last 12 months.

The stocks have a year to date performance of -35.04 percent and weekly performance of 13.75 percent. The stock has been moved at -29.63 percent over the last six months. The stock has performed -12.59 percent around the most recent 30 days and changed -30.24 percent over the most recent 3-months.

If compared to the average trading volume of 4.27M shares, PENN reached to a volume of 3595362 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Penn National Gaming Inc. [PENN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PENN shares is $56.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PENN stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Penn National Gaming Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 18, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $55 to $51. The new note on the price target was released on April 25, 2022, representing the official price target for Penn National Gaming Inc. stock. Previously, the target price had yet another raise from $34 to $65, while Susquehanna kept a Positive rating on PENN stock. On February 04, 2022, analysts decreased their price target for PENN shares from 53 to 49.

The Average True Range (ATR) for Penn National Gaming Inc. is set at 2.08, with the Price to Sales ratio for PENN stock in the period of the last 12 months amounting to 0.89. The Price to Book ratio for the last quarter was 1.44, with the Price to Cash per share for the same quarter was set at 11.09. Price to Free Cash Flow for PENN in the course of the last twelve months was 8.35 with Quick ratio for the last quarter at 1.90.

PENN stock trade performance evaluation

Penn National Gaming Inc. [PENN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.75. With this latest performance, PENN shares dropped by -12.59% in over the last four-week period, additionally sinking by -29.63% over the last 6 months – not to mention a drop of -57.73% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PENN stock in for the last two-week period is set at 51.87, with the RSI for the last a single of trading hit 58.80, and the three-weeks RSI is set at 48.19 for Penn National Gaming Inc. [PENN]. The present Moving Average for the last 50 days of trading for this stock 36.13, while it was recorded at 32.26 for the last single week of trading, and 52.97 for the last 200 days.

Penn National Gaming Inc. [PENN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Penn National Gaming Inc. [PENN] shares currently have an operating margin of +17.98 and a Gross Margin at +40.86. Penn National Gaming Inc.’s Net Margin is presently recorded at +7.13.

Return on Equity for this stock inclined to 12.46, with Return on Assets sitting at 2.31.

Penn National Gaming Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

Penn National Gaming Inc. [PENN]: Insider Ownership positions

There are presently around $4,186 million, or 80.00% of PENN stock, in the hands of institutional investors. The top three institutional holders of PENN stocks are: FMR LLC with ownership of 19,426,606, which is approximately -3.512% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 17,861,884 shares of the stock with an approximate value of $569.44 million in PENN stocks shares; and BLACKROCK INC., currently with $507.44 million in PENN stock with ownership of nearly 5.919% of the company’s market capitalization.

Positions in Penn National Gaming Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 275 institutional holders increased their position in Penn National Gaming Inc. [NASDAQ:PENN] by around 11,928,360 shares. Additionally, 275 investors decreased positions by around 17,426,679 shares, while 110 investors held positions by with 101,955,286 shares. The mentioned changes placed institutional holdings at 131,310,325 shares, according to the latest SEC report filing. PENN stock had 87 new institutional investments in for a total of 3,002,869 shares, while 95 institutional investors sold positions of 2,928,283 shares during the same period.