Is Penn National Gaming Inc. (NASDAQ: PENN) Worth What Its Shareholders Think It Is? – Marketing Sentinel
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Is Penn National Gaming Inc. (NASDAQ: PENN) Worth What Its Shareholders Think It Is?

During the recent session, Penn National Gaming Inc. (NASDAQ:PENN)’s traded shares were 1.02 million, with the beta value of the company hitting 2.24. At the last check today, the stock’s price was $34.50, reflecting an intraday loss of -1.82% or -$0.64. The 52-week high for the PENN share is $86.40, that puts it down -150.43 from that peak though still a striking 23.3% gain since the share price plummeted to a 52-week low of $26.46. The company’s market capitalization is $5.83B, and the average intraday trading volume over the past 10 days was 2.88 million shares, and the average trade volume was 4.01 million shares over the past three months.

Penn National Gaming Inc. (PENN) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. PENN has a Sell rating from 0 analyst(s) out of 19 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.56.

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Penn National Gaming Inc. (NASDAQ:PENN) trade information

Penn National Gaming Inc. (PENN) registered a -1.82% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.82% in intraday trading to $34.50 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 2.66%, and it has moved by 13.28% in 30 days. Based on these gigs, the overall price performance for the year is -46.95%. The short interest in Penn National Gaming Inc. (NASDAQ:PENN) is 9.44 million shares and it means that shorts have 2.37 day(s) to cover.

The consensus price target of analysts on Wall Street is $50.71, which implies an increase of 31.97% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $35.00 and $80.00 respectively. As a result, PENN is trading at a discount of -131.88% off the target high and -1.45% off the low.

Penn National Gaming Inc. (PENN) estimates and forecasts

Statistics show that Penn National Gaming Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Penn National Gaming Inc. (PENN) shares have gone down -23.06% during the last six months, with a year-to-date growth rate less than the industry average at -31.85% against 11.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -52.10% this quarter and then drop -7.70% in the quarter after that. In the rating firms’ projections, revenue will increase 7.60% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.61 billion as predicted by 18 analyst(s). Meanwhile, a consensus of 18 analyst(s) estimates revenue growth to $1.59 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.55 billion and $1.51 billion respectively. In this case, analysts expect current quarter sales to grow by 3.90% and then jump by 5.30% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.70%. While earnings are projected to return 147.80% in 2022, the next five years will return 4.60% per annum.

PENN Dividends

Penn National Gaming Inc. is due to release its next quarterly earnings between February 02 and February 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Penn National Gaming Inc. (NASDAQ:PENN)’s Major holders

Penn National Gaming Inc. insiders own 0.64% of total outstanding shares while institutional holders control 79.75%, with the float percentage being 80.26%. FMR, LLC is the largest shareholder of the company, while 696 institutions own stock in it. As of Mar 30, 2022, the company held over 19.43 million shares (or 11.65% of all shares), a total value of $824.08 million in shares.

The next largest institutional holding, with 17.86 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.71% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $757.7 million.

Also, the Mutual Funds coming in first place with the largest holdings of Penn National Gaming Inc. (PENN) shares are Fidelity Blue Chip Growth Fund and Baron Growth Fund. Data provided on May 30, 2022 indicates that Fidelity Blue Chip Growth Fund owns about 7.46 million shares. This amounts to just over 4.47 percent of the company’s overall shares, with a $238.29 million market value. The same data shows that the other fund manager holds slightly less at 5.65 million, or about 3.39% of the stock, which is worth about $239.67 million.

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