David Portnoy acquired Barstool Sports, Inc. from PENN Entertainment, Inc. for $1. (2024)

Market Closed - Nasdaq Other stock markets 04:00:00 2024-06-07 pm EDT			5-day change	1st Jan Change
17.16 ^USD	-0.69%		-1.94%	-34.05%

May. 31	Penn Entertainment's Shareholder Donerail Group Proposes Casino Assets Sale; Shares Rise	MT
May. 31	Susquehanna Adjusts Price Target on Penn Entertainment to $26 From $27, Maintains Positive Rating	MT

February 21, 2024

David Portnoy acquired Barstool Sports, Inc. from PENN Entertainment, Inc. (NasdaqGS:PENN) for $1 on August 8, 2023. Pursuant to the stock exchange agreement David Portnoy will pay $1. PENN Entertainment, Inc. (NasdaqGS:PENN) Board of Directors approved the sale of Barstool to David Portnoy.

David Portnoy completed the acquisition of Barstool Sports, Inc. from PENN Entertainment, Inc. (NasdaqGS:PENN) on August 8, 2023.

Latest news about PENN Entertainment, Inc.

Penn Entertainment's Shareholder Donerail Group Proposes Casino Assets Sale; Shares Rise	May. 31	MT
Susquehanna Adjusts Price Target on Penn Entertainment to $26 From $27, Maintains Positive Rating	May. 31	MT
Raymond James Initiates Penn Entertainment With Outperform Rating, $20 Price Target	May. 21	MT
Penn Entertainment Poised for 'Higher for Longer' Losses, BofA Says in Downgrade	May. 13	MT
BofA Securities Downgrades Penn Entertainment to Neutral From Buy, Cuts Price Target to $17.50 From $28	May. 13	MT
BofA Securities Downgrades Penn Entertainment to Neutral From Buy, Cuts Price Target to $17.50 From $28	May. 13	MT
Penn Entertainment Insider Bought Shares Worth $624,236, According to a Recent SEC Filing	May. 08	MT
Macquarie Cuts Penn Entertainment's Price Target to $28 From $33, Outperform Rating Maintained	May. 03	MT
Deutsche Bank Adjusts Penn Entertainment Price Target to $18 From $23, Maintains Hold Rating	May. 03	MT
Penn Entertainment Shares Slide After Weaker-Than-Projected Quarterly Results	May. 02	MT
Penn Entertainment Shares Fall More Than 8% After Swinging to Q1 Loss as Revenue Falls	May. 02	MT
Transcript : PENN Entertainment, Inc., Q1 2024 Earnings Call, May 02, 2024	May. 02
Earnings Flash (PENN) PENN ENTERTAINMENT Reports Q1 Revenue $1.61B, vs. Street Est of $1.63B	May. 02	MT
PENN Entertainment, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 02	CI
Canaccord Genuity Adjusts Penn Entertainment Price Target to $28 From $32, Maintains Buy Rating	Apr. 29	MT
Truist Upgrades Penn Entertainment to Buy From Hold, Keeps Price Target at $23, Says Expectations Are Too Low	Apr. 23	MT
PENN Entertainment, Inc. Announces Directorate Changes	Apr. 22	CI
Disney's Aaron LaBerge to step down, join Penn Entertainment as CTO	Apr. 22	RE
Penn Entertainment Names New Chief Technology Officer	Apr. 22	MT
Penn Entertainment Taps Disney Executive as New Chief Technology Officer	Apr. 22	MT
PENN Entertainment Names Disney's Aaron LaBerge as Tech Chief	Apr. 22	DJ
PENN Entertainment, Inc. Names Aaron Laberge Chief Technology Officer	Apr. 22	CI
Disney Technology Executive Aaron Laberge To Leave Company - CNBC	Apr. 22	RE
Barclays Trims Penn Entertainment Price Target to $26 From $27, Maintains Overweight Rating	Apr. 19	MT
Benchmark Starts Penn Entertainment With Hold Rating	Apr. 16	MT

Chart PENN Entertainment, Inc.

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Company Profile

PENN Entertainment, Inc. is a provider of integrated entertainment, sports content and casino gaming experiences. The Company operates over 43 properties in 20 states, online sports betting in 18 jurisdictions and iCasino in five jurisdictions, under a portfolio of brands, including Hollywood Casino, LâAuberge, ESPN BET, and theScore Bet Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment include Ameristar East Chicago, Hollywood Casino Columbus, Hollywood Casino at Greektown, and Hollywood Casino at PENN National Race Course. The South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and LâAuberge Baton Rouge. The West segment include Ameristar Black Hawk, M Resort, and Zia Park Casino. The Midwest segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. Its Interactive segment includes online sports betting, iCasino and online social gaming operations.

Sector

Calendar

2024-07-31 - Q2 2024 Earnings Release (Projected)

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Analysis / Opinion

Penn Entertainment / ESPN: Behind the scenes of the deal August 08, 2023 at 05:54 pm EDT

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Ratings for PENN Entertainment, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

17.28USD

Average target price

21.82USD

Spread / Average Target

+26.25%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

	1st Jan change	Capi.
PENN ENTERTAINMENT, INC.	-34.05%	2.58B
FLUTTER ENTERTAINMENT PLC	+6.24%	33.95B
GALAXY ENTERTAINMENT GROUP LIMITED	-8.57%	22.63B
EVOLUTION AB	-6.01%	22.48B
ARISTOCRAT LEISURE LIMITED	+15.58%	19.52B
SANDS CHINA LTD	-18.69%	19.27B
DRAFTKINGS INC.	+4.65%	18.17B
CHURCHILL DOWNS INCORPORATED	-0.33%	9.85B
CAESARS ENTERTAINMENT, INC.	-23.08%	7.94B
THE LOTTERY CORPORATION LIMITED	+6.82%	7.65B

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News PENN Entertainment, Inc.
David Portnoy acquired Barstool Sports, Inc. from PENN Entertainment, Inc. for $1.

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