PENN Entertainment, Inc.
PENN · Hotels & Motels · 133.8M shares · +7%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $64M (gross $150M, SBC $86M)
Reference price $15.09 · est. market cap ~$2.0B — last insider purchase, 2026-03-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D49Highly leveraged gaming/digital operator posting negative returns after the ESPN deal unwind, with weak liquidity.
Strengths
- Diversified retail casino base with $687M cash and PENN Play loyalty/cross-sell ecosystem
- New land-based property openings (Joliet, M Resort) funded largely by GLPI
Risks
- Negative ROE (-46%, 25th pct) and ROA (-5.9%, 15th pct); current ratio 0.79
- Heavy debt + triple-net lease burden (D/E 1.55) and digital strategy reset after ESPN/ESPN BET termination
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-46.0%
Return on assets
-5.9%
ROIC
-11.4%
Revenue growth (QoQ)
-1.4%
Debt / equity
1.6×
Current ratio
0.8×
EBITDA
-$227M
Tangible book value
-$1.4B
Cash & investments
$687M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-10 | Snowden Jay A | Grant | 93K | — |
| 2026-03-10 | Snowden Jay A | Tax withheld | 108K | $14.70 |
| 2026-03-09 | ACE HEATHER S | Grant | 17K | — |
| 2026-03-09 | Schiavolin Fabio | Grant | 17K | — |
| 2026-03-09 | FOX JEFFREY H | Grant | 17K | — |
| 2026-03-02 | SCACCETTI JANE | Buy | 8.0K | $15.09 |
| 2026-02-26 | Rogers Christopher Byron | Tax withheld | 7.1K | $12.54 |
| 2026-02-26 | Hendrix Felicia | Grant | 25K | — |
| 2026-02-26 | Rogers Christopher Byron | Grant | 14K | — |
| 2026-02-26 | Hendrix Felicia | Tax withheld | 17K | $12.54 |
| 2026-01-05 | Hendrix Felicia | Grant | 62K | — |
| 2026-01-05 | Hartnett Johnny | Grant | 17K | — |
| 2026-01-05 | Rogers Christopher Byron | Grant | 55K | — |
| 2026-01-05 | HANDLER DAVID A | Grant | 25K | — |
| 2026-01-05 | SCACCETTI JANE | Grant | 17K | — |
| 2026-01-05 | DHANDA ANUJ | Grant | 17K | — |
| 2026-01-05 | Black Gupta Vimla | Grant | 17K | — |
| 2026-01-05 | Kaplowitz Marla | Grant | 17K | — |
| 2026-01-05 | Snowden Jay A | Grant | 187K | — |
| 2026-01-05 | Ruisanchez Carlos | Grant | 17K | — |
| 2026-01-03 | Rogers Christopher Byron | Tax withheld | 4.6K | $14.85 |
| 2026-01-03 | George Todd | Tax withheld | 6.9K | $14.85 |
| 2026-01-03 | Hendrix Felicia | Tax withheld | 7.0K | $14.85 |
| 2026-01-03 | DHANDA ANUJ | Option exercise | 13K | — |
| 2026-01-03 | DHANDA ANUJ | Disposition | 13K | $14.85 |
| 2026-01-03 | Black Gupta Vimla | Option exercise | 13K | — |
| 2026-01-03 | Black Gupta Vimla | Disposition | 13K | $14.85 |
| 2026-01-03 | Kaplowitz Marla | Option exercise | 13K | — |
| 2026-01-03 | Kaplowitz Marla | Disposition | 13K | $14.85 |
| 2026-01-03 | Snowden Jay A | Tax withheld | 41K | $14.85 |
| 2025-11-21 | Hendrix Felicia | Buy | 7.3K | $13.79 |
| 2025-11-17 | HANDLER DAVID A | Buy | 20K | $14.25 |
| 2025-11-14 | Black Gupta Vimla | Sell | 8.0K | $14.51 |
| 2025-11-07 | Snowden Jay A | Buy | 35K | $14.32 |
| 2025-08-08 | HANDLER DAVID A | Buy | 20K | $16.96 |
| 2025-08-08 | Ruisanchez Carlos | Grant | 15K | — |
| 2025-05-22 | HANDLER DAVID A | Buy | 10K | $14.83 |
| 2025-05-22 | Snowden Jay A | Buy | 34K | $14.70 |
| 2025-05-12 | Rogers Christopher Byron | Buy | 3.7K | $16.00 |
| 2025-03-12 | Snowden Jay A | Grant | 32K | — |
| 2025-03-12 | Snowden Jay A | Tax withheld | 83K | $16.93 |
| 2025-02-25 | Hendrix Felicia | Tax withheld | 9.6K | $21.07 |
| 2025-02-25 | Rogers Christopher Byron | Grant | 4.7K | — |
| 2025-02-25 | Rogers Christopher Byron | Tax withheld | 4.7K | $21.07 |
| 2025-02-25 | Hendrix Felicia | Grant | 5.0K | — |
| 2025-02-25 | George Todd | Grant | 5.5K | — |
| 2025-02-25 | George Todd | Tax withheld | 5.8K | $21.07 |
| 2025-01-03 | SHATTUCK KOHN BARBARA | Option exercise | 9.6K | — |
| 2025-01-03 | SHATTUCK KOHN BARBARA | Disposition | 9.6K | $19.24 |
| 2025-01-03 | Rogers Christopher Byron | Grant | 43K | — |
| 2025-01-03 | HANDLER DAVID A | Grant | 19K | — |
| 2025-01-03 | Hendrix Felicia | Grant | 48K | — |
| 2025-01-03 | NAPLES RONALD J | Option exercise | 9.6K | — |
| 2025-01-03 | NAPLES RONALD J | Disposition | 9.6K | $19.24 |
| 2025-01-03 | SCACCETTI JANE | Grant | 13K | — |
| 2025-01-03 | George Todd | Grant | 67K | — |
| 2025-01-03 | Snowden Jay A | Grant | 247K | — |
| 2025-01-03 | Reibstein Saul | Option exercise | 9.6K | — |
| 2025-01-03 | Reibstein Saul | Disposition | 9.6K | $19.24 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (2)
- ESPN
- Gaming and Leisure Properties, Inc.
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Shareholder vote | filing ↗ |
| 2026-05-28 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-04-23 | ResultsExhibits | filing ↗ |
| 2026-04-16 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-03-16 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-26 | ResultsExhibits | filing ↗ |
| 2026-02-23 | Material agreementExec/director changeReg FDExhibits | filing ↗ |
| 2026-01-09 | Exec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-16 | 0001140361-26-025759 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0001104659-26-067476 ↗ |
| 10-Q | 2026-04-29 | 2026-03-31 | 0000921738-26-000015 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0000921738-26-000011 ↗ |
| 8-K | 2026-04-16 | 2026-04-16 | 0001104659-26-044358 ↗ |
| 8-K | 2026-03-16 | 2026-03-16 | 0001104659-26-028502 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0000921738-26-000008 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0000921738-26-000006 ↗ |
| 8-K | 2026-02-23 | 2026-02-22 | 0001104659-26-018332 ↗ |
| 8-K | 2026-01-09 | 2026-01-05 | 0001140361-26-000833 ↗ |
| 8-K | 2025-12-10 | 2025-12-09 | 0001104659-25-119994 ↗ |
| 8-K | 2025-11-26 | 2025-11-26 | 0001104659-25-116231 ↗ |