Stock Ticker: PENN 🪙 
Price: $15.08
Change: +0.42 (+2.86%)
As of: May 23, 2025, 4:00:00 PM ET

🔥 Insiders at the Table... Again and Again

Executives at Penn Entertainment are doubling down harder than a blackjack addict with a caffeine buzz. Here’s what recent insider buying looks like:

🧑💼 Insider Activity Highlights:

• Jay Snowden (CEO/Pres):
  ➕ 34,000 shares @ $14.70 = $499,766 (May 22)
  ➕ 54,200 shares @ $18.44 = $999,448 (Sept 3, 2024)

• David Handler (Director):
  ➕ 10,000 shares @ $14.83 (May 22)
  ➕ 40,000 shares @ $14.94 (May 29, 2024)
  ➕ 40,000 shares @ $15.61 (May 6, 2024)

• Others (incl. CFO + Directors) also showing bullish buys.

📈 Translation? Management seems to think the odds are finally shifting.

🏦 Institutional Chips Are In

Penn isn't just backed by its own brass. Institutions own 101.2% of the float. That’s right—more shares than actually exist, thanks to options and short lending.

🎓 Top Institutional Holders:

• BlackRock: 17.49M shares

• Vanguard: 16.25M

• HG Vora, DME Capital, Invesco, State Street...
  🎰 When the pros are betting, you pay attention.

🔍 For full Institutional Ownership breakdown, see here.

🧠 The Business: More Than Just Slots & Shots

PENN isn’t your grandma’s smoky casino stock. It’s a 28-jurisdiction entertainment empire with major muscle in:

• 🎲 Retail Casinos – Hollywood Casino®, L’Auberge®

• 📱 Online Sports & iCasino – ESPN BET™, theScore™

• 🧠 Tech Stack – Proprietary digital platform & in-house iCasino studio

• 🎁 Loyalty Program – Over 32 million PENN Play™ members cashing in across digital and physical experiences

With ESPN and theScore in its corner, PENN is blending old-school and digital like a cocktail served in the metaverse.

💥 First Quarter 2025 Earnings Highlights

• Revenue: $1.67B (up YoY)

• Net Income: $111.5M (versus a loss in Q1 '24)

• Adjusted EBITDA: $173.3M

• Record iCasino Gaming Revenue despite sports betting losses

• $35M in Share Buybacks (aiming for $350M in 2025)

• Cash on Hand: $591.6M

• Debt: $2.1B

• Liquidity: $1.5B

• Forward P/E: 35.84 😬 (Not dirt cheap, but not a slot-machine jackpot either)

🃏 Key Insight: Online casino is growing fast, with standalone apps in Pennsylvania, Michigan, New Jersey & Ontario gaining traction.

👉 Want the full picture? Dive into Penn Entertainment’s financials here.

🧮 By the Numbers

⚠️ Risks to Watch Before You Bet It All

1. 🥊 Heavyweight competition from DraftKings, FanDuel, etc.

2. 💸 Consumer-sensitive business—a recession could fold the hand.

3. 🏈 ESPN BET still a wildcard—huge potential, unproven payoff.

4. 📉 Still down 90% from 2021 highs. Could be a bargain—or a mirage.

🧩 But Here’s Why It Could Work

1. 🎰 Focus on Higher-Margin iCasino is driving record results

2. 💼 Disciplined capital allocation with active buybacks

3. 🤝 Institutional and insider buying = strong confidence signal

4. 💵 Debt metrics improving after peaking pre-pandemic

5. 🪙 Contrarian Setup – Losses contained, signs of a turnaround emerging

Interested in another investment idea?
Check our take on UnitedHealth Group.

🧂 Our Take

PENN’s stock has been painful—but insiders and institutions aren’t flinching. With digital growth, buybacks, and a bounce-back in profits, it might just be the turnaround you didn't see coming. But this is still Vegas, baby: bet responsibly. 🎲

📛 Disclaimer:

Not everything is a Penn in the Butt—but don’t bet the farm on a gut feeling. This isn’t investment advice, just some financially-flavored fun. Do your research before anteing up.

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