UP!
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Type
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Public |
|---|---|
| Traded as |
|
| Industry | Casinos and Horse Racing |
| Founded | 1972 (1972) |
| Headquarters | Wyomissing, Pennsylvania, United States |
|
Key people
|
Timothy J. Wilmot (President and CEO) Jay Snowden ( COO) William (BJ) Fair (Executive Vice President, Chief Financial Officer and Treasurer) |
| Revenue | $2,742.25 million (2011) |
|
Operating income
|
$499.58 million (2011) |
|
Net income
|
$242.35 million (2011) |
| Total assets | $4.606 billion (2011) |
| Total equity | $1.971 billion (2011) |
|
Number of employees
|
16,740 |
| Website | pngaming |
Penn National Gaming, Inc. is an operator of casinos and racetracks, based in Wyomissing, Pennsylvania. As of 2012, it owns and operates 26 facilities in 18 states, and manages one casino in Canada.
The company traces its roots to Penn National Race Course, which opened in 1972 in the Harrisburg suburb of Grantville, Pennsylvania.
The company was incorporated as PNRC Corp. in 1982, and changed its name to Penn National Gaming, Inc. in 1994.
In 2003, Penn National bought Hollywood Casino Corp. for $328 million plus $360 million in assumed debt, gaining casinos in Aurora, Illinois; Tunica, Mississippi; and Shreveport, Louisiana.
In 2005, Penn National acquired Argosy Gaming Company for $2.2 billion making it at the time the third largest publicly held gaming company in the country (behind MGM Mirage and Harrah's Entertainment).
In November 2006 Penn National Gaming failed in an attempt to acquire Harrah's Entertainment. The deal to purchase Harrah's fell through, and Harrah's was eventually taken over by two private equity firms.
In 2007 it acquired the Zia Park racino in Hobbs, New Mexico for $200 million.
An attempt in 2007 to take company private with a $6.1 billion buyout fell through with prospective buyers, New York-based Fortress Investment Group and Centerbridge Partners.
In November 2012, Penn National announced a plan to spin off 17 of its 29 properties in a new real estate investment trust (REIT), in an effort to reduce taxes and cost of capital, and overcome license ownership restrictions. The REIT would also pursue sale-and-leaseback transactions with other casino operators. The spin-off was completed on November 1, 2013, creating Gaming and Leisure Properties, Inc.
In February 2013, Penn National agreed to sell the Bullwhackers Casino in Black Hawk to an investor group led by casino developer John Zimpel.
In April 2015, the company agreed to purchase the Tropicana Las Vegas for $360 million.
In August 2016, the company agreed to purchase Rocket Games for $60 million.
In May 2017, Penn National acquired the operating assets of Bally's Casino Tunica and Resorts Casino Tunica for a total of $44 million, and leased the two casinos from GLPI, which had simultaneously purchased their real estate assets.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-11-02 | Future report Set alerts | |
| Q2 2022 | 2022-08-04 | 0.15 | 0.15 |
| Q1 2022 | 2022-05-05 | 0.28 | 0.28 |
| Q4 2021 | 2022-02-03 | 0.26 | 0.26 |
| Q3 2021 | 2021-11-04 | 0.52 | 0.52 |
| Q2 2021 | 2021-08-05 | 1.17 | 1.17 |
| Q1 2021 | 2021-05-06 | 0.55 | 0.55 |
| Q4 2020 | 2021-02-04 | 0.07 | 0.07 |
| Q3 2020 | 2020-10-29 | 0.00 | 0.00 |
| Q2 2020 | 2020-08-06 | -1.69 | -1.69 |
| 2016-06-30 | Upgrade | Macquarie | Neutral to Outperform | $20.00 |
| 2016-06-26 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-06-26 | Reiterated Rating | Deutsche Bank AG | Buy | |
| 2016-06-01 | Upgrade | Morgan Stanley | Underweight to Equal Weight | $15.00 to $16.00 |
| 2016-05-26 | Reiterated Rating | Goldman Sachs | Buy | $18.00 |
| 2016-05-26 | Reiterated Rating | Goldman Sachs Group Inc. | Buy | $18.00 |
| 2016-04-29 | Reiterated Rating | Morgan Stanley | Sell | $15.00 |
| 2016-04-28 | Downgrade | Deutsche Bank | Hold | |
| 2016-04-14 | Reiterated Rating | Deutsche Bank | Buy | $22.00 |
| 2016-03-31 | Reiterated Rating | JPMorgan Chase & Co. | Buy | |
| 2016-03-29 | Boost Price Target | JPMorgan Chase & Co. | $21.00 to $22.00 | |
| 2016-03-17 | Reiterated Rating | Deutsche Bank | Buy | $22.00 |
| 2016-02-10 | Reiterated Rating | Morgan Stanley | Underweight | |
| 2016-02-08 | Reiterated Rating | Janney Montgomery Scott | Buy | $21.50 to $19.50 |
| 2016-02-05 | Lower Price Target | Nomura | Neutral | $19.00 to $17.00 |
| 2016-02-05 | Lower Price Target | Telsey Advisory Group | Outperform | $27.00 to $25.00 |
| 2016-02-05 | Lower Price Target | Stifel Nicolaus | Buy | $23.00 to $20.00 |
| 2016-02-05 | Lower Price Target | Nomura Holdings Inc. | Neutral | $19.00 to $17.00 |
| 2016-02-04 | Reiterated Rating | Deutsche Bank | Buy | $25.00 |
| 2016-01-19 | Upgrade | Telsey Advisory Group | Market Perform to Outperform | $27.00 |
| 2016-01-12 | Downgrade | Bank of America | Buy to Neutral | $17.00 |
| 2016-01-12 | Downgrade | Bank of America Corp. | Buy to Neutral | $17.00 |
| 2015-12-30 | Reiterated Rating | Deutsche Bank | Buy | $25.00 |
| 2015-10-26 | Reiterated Rating | Janney Montgomery Scott | Buy | $23.00 to $21.50 |
| 2015-10-23 | Boost Price Target | Nomura | Neutral | $18.00 to $19.00 |
| 2015-08-17 | Reiterated Rating | Wells Fargo & Co. | Outperform | |
| 2015-08-17 | Reiterated Rating | Wells Fargo | Outperform | |
| 2015-07-22 | Reiterated Rating | Susquehanna | Buy | |
| 2015-07-21 | Boost Price Target | Susquehanna | Positive | $20.00 to $23.00 |
| 2015-07-14 | Reiterated Rating | Deutsche Bank | Buy | $25.00 to $22.00 |
| 2015-07-06 | Initiated Coverage | Bank of America | Buy | |
| 2015-07-06 | Reiterated Rating | Janney Montgomery Scott | Buy | $19.00 |
| 2015-07-06 | Boost Price Target | Barclays | Overweight | $19.00 to $21.00 |
| 2015-07-06 | Boost Price Target | Barclays PLC | Overweight | $19.00 to $21.00 |
| 2015-06-29 | Reiterated Rating | Janney Montgomery Scott | Buy | $19.00 |
| 2015-05-23 | Reiterated Rating | Deutsche Bank | Buy | $20.00 to $22.00 |
| 2015-05-20 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $19.00 to $20.00 |
| 2015-05-18 | Upgrade | Goldman Sachs | Neutral to Buy | $16.00 to $21.00 |
| 2015-05-12 | Reiterated Rating | Deutsche Bank | Buy | $20.00 to $22.00 |
| 2015-05-04 | Reiterated Rating | Janney Montgomery Scott | Buy | $19.00 |
| 2015-04-27 | Boost Price Target | Susquehanna | Positive | $19.00 to $20.00 |
| 2015-04-17 | Upgrade | JPMorgan Chase & Co. | Neutral to Overweight | $16.00 to $18.00 |
| 2015-03-12 | Initiated Coverage | Union Gaming Research | Hold | $18.00 |
| 2015-03-05 | Set Price Target | Credit Suisse | Buy | $17.00 to $19.00 |
| 2015-03-05 | Set Price Target | Credit Suisse Group AG | Buy | $17.00 to $19.00 |
| 2015-03-02 | Reiterated Rating | Morgan Stanley | Sell | |
| 2015-02-23 | Upgrade | Bank of America | Neutral to Buy | $17.00 to $20.00 |
| 2015-01-30 | Boost Price Target | Barclays | Overweight | $15.00 to $19.00 |
| 2015-01-30 | Boost Price Target | Stifel Nicolaus | Buy | $15.00 to $19.00 |
| 2015-01-29 | Boost Price Target | FBR & Co. | Outperform | $17.00 to $18.00 |
| 2015-01-29 | Boost Price Target | FBR & Co | Outperform | $17.00 to $18.00 |
| 2015-01-26 | Set Price Target | Janney Montgomery Scott | Buy | $18.00 |
| 2015-01-21 | Boost Price Target | Deutsche Bank | Buy | $17.00 to $20.00 |
| 2015-01-20 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $13.00 to $16.00 |
| 2015-01-13 | Boost Price Target | FBR & Co. | Outperform | $14.50 to $17.00 |
| 2014-11-11 | Reiterated Rating | Deutsche Bank | Buy | $15.00 to $17.00 |
| 2014-11-04 | Upgrade | Bank of America | Underperform to Neutral | $10.00 to $15.00 |
| 2014-10-24 | Lower Price Target | Imperial Capital | Outperform | $20.00 to $17.00 |
| 2014-10-24 | Reiterated Rating | Credit Suisse | Outperform | $14.00 to $15.00 |
| 2014-10-24 | Reiterated Rating | Stifel Nicolaus | Buy | $14.00 to $15.00 |
| 2014-08-08 | Lower Price Target | Susquehanna | Positive | $16.00 to $13.00 |
| 2014-07-25 | Reiterated Rating | Barclays | Overweight | $14.00 to $15.00 |
| 2014-07-25 | Lower Price Target | Telsey Advisory Group | Not Rated | $13.00 to $12.00 |
| 2014-07-24 | Reiterated Rating | Evercore ISI | Outperform | |
| 2014-05-08 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $12.00 to $10.00 |
| 2014-04-28 | Reiterated Rating | Bank of America | Underperform | $11.00 |
| 2014-04-25 | Reiterated Rating | Deutsche Bank | Buy | $15.00 |
| 2014-04-15 | Reiterated Rating | Deutsche Bank | Buy | $18.00 |
| 2014-04-09 | Upgrade | Barclays | Equal Weight to Overweight | $13.00 to $15.00 |
| 2014-03-26 | Upgrade | FBR & Co. | Market Perform to Outperform | $13.00 to $15.00 |
| 2014-03-03 | Lower Price Target | Morgan Stanley | Underperform | $12.00 to $10.00 |
| 2014-02-10 | Lower Price Target | Morgan Stanley | Equal Weight | $13.00 to $12.00 |
| 2014-02-07 | Lower Price Target | Credit Suisse | $16.00 to $14.00 | |
| 2014-02-06 | Lower Price Target | Brean Capital | Buy | $17.00 to $15.00 |
| 2014-02-05 | Lower Price Target | Barclays | Equal Weight | $15.00 to $13.00 |
| 2014-01-28 | Downgrade | Bank of America | Buy to Underperform | $17.00 to $10.00 |
| 2014-01-24 | Lower Price Target | Deutsche Bank | Buy | $19.00 to $17.00 |
| 2014-01-15 | Lower Price Target | JPMorgan Chase & Co. | $15.00 to $13.00 | |
| 2014-01-13 | Downgrade | Ned Davis Research | Buy to Neutral | |
| 2013-12-30 | Downgrade | Ned Davis Research | Buy to Neutral | |
| 2013-12-16 | Upgrade | Ned Davis Research | Neutral to Buy | |
| 2013-11-18 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
| 2013-11-18 | Upgrade | Wells Fargo | Market Perform to Outperform | |
| 2013-11-14 | Initiated Coverage | DA Davidson | Overweight to Neutral | |
| 2013-11-14 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $64.00 to $15.00 |
| 2013-11-13 | Initiated Coverage | FBR & Co. | Market Perform | $14.25 |
| 2013-11-11 | Downgrade | Barclays | Overweight to Equal Weight | $55.00 to $15.00 |
| 2013-11-11 | Lower Price Target | Brean Capital | $59.00 to $17.00 | |
| 2013-11-06 | Downgrade | RBC Capital | Outperform to Sector Perform | $49.00 to $15.00 |
| 2013-11-04 | Initiated Coverage | Telsey Advisory Group | Not Rated | $14.00 |
| 2013-11-04 | Lower Price Target | Susquehanna | $65.00 to $16.00 | |
| 2013-11-04 | Reiterated Rating | Deutsche Bank | Buy | $64.00 to $19.00 |
| 2013-10-23 | Downgrade | Credit Suisse | Focus List to Outperform | |
| 2013-10-18 | Lower Price Target | Imperial Capital | Outperform | $58.00 to $20.00 |
| 2013-10-16 | Boost Price Target | RBC Capital | Outperform | $57.00 to $59.00 |
| 2013-10-16 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $59.00 to $64.00 |
| 2013-10-16 | Boost Price Target | Deutsche Bank | $60.00 to $64.00 | |
| 2013-10-14 | Upgrade | Susquehanna | Neutral to Positive | $52.00 to $67.00 |
| 2013-10-11 | Boost Price Target | Wells Fargo & Co. | Hold | $65.00 |
| 2013-10-11 | Boost Price Target | Wells Fargo | Hold | $65.00 |
| 2013-04-19 | Reiterated | Stifel | Buy | $58 to $64 |
| 2012-11-20 | Reiterated | RBC Capital Mkts | Outperform | $50 to $56 |
| 2012-11-16 | Upgrade | Imperial Capital | In-line to Outperform | $47 to $60 |
| 2012-11-08 | Resumed | Deutsche Bank | Buy | $48 |
| 2012-07-23 | Downgrade | KeyBanc Capital Mkts | Buy to Hold |
| 2016-06-30 | Upgrade | Macquarie | Neutral to Outperform | $20.00 |
| 2016-06-26 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-06-26 | Reiterated Rating | Deutsche Bank AG | Buy | |
| 2016-06-01 | Upgrade | Morgan Stanley | Underweight to Equal Weight | $15.00 to $16.00 |
| 2016-05-26 | Reiterated Rating | Goldman Sachs | Buy | $18.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In PENN 284 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| FMR LLC | 21.06M |
| BlackRock Inc. | 15.47M |
| Vanguard Group, Inc | 14.47M |
| BAMCO INC /NY/ | 8.57M |
| HG Vora Capital Management, LLC | 7.50M |
| Invesco Ltd. | 6.33M |
| STATE STREET CORP | 4.19M |
| BANK OF AMERICA CORP /DE/ | 3.08M |
| CITADEL ADVISORS LLC | 2.54M |
| TIAA CREF INVESTMENT MANAGEMENT LLC | 2.51M |
| RENAISSANCE TECHNOLOGIES LLC | 2.35M |
| GEODE CAPITAL MANAGEMENT, LLC | 2.26M |
| BlackRock Fund Advisors | 2.25M |
| EARNEST PARTNERS LLC | 2.17M |
| BlackRock Institutional Trust Company, N.A. | 2.05M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| PENN NATIONAL GAMING INC | 113.20% (89020704) | GLPI / PENN / |
| WILMOTT TIMOTHY J President & COO | 0.65% (512867) | PENN / |
| CARLINO PETER M Chairman & CEO | 0.38% (297816) | GLPI / PENN / |
| CLIFFORD WILLIAM J Chief Financial Officer | 0.18% (142311) | GLPI / PENN / SNOW / |
| JACQUEMIN JOHN M | 0.17% (133595) | PENN / |
| HANDLER DAVID A | 0.15% (120000) | GLPI / PENN / |
| Snyder Steven T. SR VP-Corp Development | 0.14% (108528) | GLPI / PENN / |
| CRAMER HAROLD | 0.10% (82195) | PENN / |
| Snowden Jay A SR VP of Regional Operations | 0.08% (62007) | PENN / |
| Finamore John Sr VP -Regional Operations | 0.07% (53368) | PENN / |
| SAVITCH JORDAN B Sr. Vice President/General Cou | 0.06% (48292) | PENN / |
| Burke Thomas Sr VP-Regional Operations | 0.06% (47254) | PENN / |
| Reibstein Saul | 0.06% (44536) | PENN / VPG / |
| SHATTUCK KOHN BARBARA | 0.05% (39164) | PENN / |
| IPPOLITO ROBERT S Vice President, Secretary/Trea | 0.05% (38344) | PENN / |
| Sottosanti Carl Sr. Vice President/Gen Counsel | 0.05% (35836) | PENN / |
| Fair William J Sr. VP & Chief Dev Officer | 0.03% (22210) | PENN / |
| SCACCETTI JANE | 0.02% (12475) | MYE / PBY / PENN / |
| LEVY ROBERT P | 0.01% (5300) | PENN / |
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