Janney Montgomery Scott LLC Decreases Position in PENN Entertainment, by 10.6%
August 1, 2023
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PENN ($NASDAQ:PENN) Entertainment, Inc. is a global media company based in New York City, with a focus on film and television. The company operates a wide portfolio of businesses that span across different markets and regions worldwide. This move is likely due to the volatility of the stock market and PENN Entertainment’s own stock price, as well as other factors. The company is well-positioned to benefit from the industry’s continuing growth, with its extensive collection of films and television shows popular with audiences worldwide.
However, investors should remain aware of fluctuations in the stock market and keep an eye out for any news regarding PENN Entertainment’s stock.
Analysis
GoodWhale conducted an analysis of PENN ENTERTAINMENT‘s wellbeing, and the results were quite positive. According to the Star Chart, PENN ENTERTAINMENT is strong in growth, medium in profitability and weak in asset and dividend. Based on our rating system, PENN ENTERTAINMENT has a high health score of 8/10 with regard to its cashflows and debt. This indicates that the company is capable of safely riding out any crisis without the risk of bankruptcy. With this stability, investors of all levels may be interested in such a company, from long-term investors seeking reliable returns to risk-taking investors looking for potential capital gains. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Penn Entertainment. More…
| Total Revenues | Net Income | Net Margin |
| 6.51k | 684 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Penn Entertainment. More…
| Operations | Investing | Financing |
| 878.2 | -258.6 | -853 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Penn Entertainment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.5k | 13.91k | 23.25 |
Key Ratios Snapshot
Some of the financial key ratios for Penn Entertainment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 17.4% | 22.6% |
| FCF Margin | ROE | ROA |
| 9.3% | 25.5% | 5.2% |
Peers
The company has its headquarters in Wyomissing, Pennsylvania. Penn National Gaming Inc operates in the following segments: Gaming, Racing, and Hospitality. The company operates gaming facilities in Pennsylvania, Ohio, Louisiana, Illinois, Mississippi, and Maryland. The company was founded in 1969 and it employs around 26,000 people. Penn National Gaming Inc’s main competitors are DraftKings Inc, Caesars Entertainment Inc, and Boyd Gaming Corp. These companies are all gaming companies that operate in the United States.
– DraftKings Inc ($NASDAQ:DKNG)
DraftKings Inc is a digital sports entertainment and gaming company. It operates through two segments, Digital Sports and Gaming Platform, and Media Platform. The company was founded in 2012 and is headquartered in Boston, Massachusetts.
DraftKings Inc’s market cap is 5.93B as of 2022. The company has a Return on Equity of -105.71%.
DraftKings Inc operates a digital sports entertainment and gaming platform. The company offers daily fantasy sports, sports betting, and online gaming products. DraftKings Inc also operates a media platform that provides content and data products.
– Caesars Entertainment Inc ($NASDAQ:CZR)
Caesars Entertainment Inc is a gaming company that owns and operates casinos and resorts. As of 2022, the company has a market capitalization of 8.49 billion dollars and a return on equity of 19.66%. The company’s casinos are located in the United States, Canada, the United Kingdom, and Macau. The company’s resorts offer a variety of gaming, lodging, dining, entertainment, and retail options.
– Boyd Gaming Corp ($NYSE:BYD)
Boyd Gaming Corporation is an American gaming and hospitality company based in Las Vegas, Nevada. The company continues to be run by the Boyd family under the management of Sam Boyd, who founded the company in 1975. The company owns and operates 22 gaming properties in seven states. Boyd Gaming is the largest operator of casinos in Louisiana.
The company’s market cap is 5.71B as of 2022 and its ROE is 35.86%. The company operates 22 gaming properties in seven states and is the largest operator of casinos in Louisiana.
Summary
PENN Entertainment, Inc. has seen an increase in investor interest recently, with Janney Montgomery Scott LLC decreasing its position by 10.6% in the first quarter. Despite this, the stock price rose on the same day, indicating that the market is viewing the company positively. Analysts have attributed this to the success of PENN Entertainment’s recent entertainment offerings, which have been well-received by audiences.
Additionally, the company’s strong financials and expanding presence in the entertainment industry have also been cited as factors for the increased investor interest. Going forward, PENN Entertainment looks to be a good investment opportunity for investors looking to capitalize on the entertainment industry.
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