PENN Entertainment, Inc.
boothcheck covers PENN Entertainment, Inc. (PENN) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• Penn Entertainment is a regional casino operator with a digital arm bolted on, gaming about 77% of the mix, that spent the last two years and a write-down learning that branded online sports betting is brutally hard to scale. • The defining number is the loss: the company reported a net loss of about $491 million for 2025 per its 10-K, and the digital pivot away from the ESPN brand toward online casino is the bet on whether that loss reverses. • Watch the interactive segment's path to breakeve
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357 institutional managers reported holding PENN in 13F filings for the quarter ended 2026-03-31. 63 opened new positions that quarter. Held by BlackRock, Vanguard Group, Invesco, among others. On the short side, 15.9M shares were sold short as of the 2026-06-15 count, about 12% of shares outstanding (4.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PENN has cut its share count 14.5% over the past five years, spending $1.11B on repurchases. It pays no dividend. Cash returned over the past three years: $354.40M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PENN over the trailing three years: 2023: 4 buys totaling $804k; 2024: 7 buys totaling $2.92M; 2025: 7 buys totaling $1.93M; 2026: 1 buy totaling $121k. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PENN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | +1.2% | -18.8% |
| 2023-11-03 | +15.9% | +8.1% |
| 2024-02-23 | -17.3% | -1.2% |
| 2024-05-03 | -8.0% | +29.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PENN's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-06-18 (items 5.07); 2026-05-28 (items 1.01, 2.03, 9.01); 2026-04-23 (items 2.02, 9.01); 2026-04-16 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.