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Churchill Downs Incorporated Announces New Victory Run Capital Investment at Churchill Downs Racetrack
Globenewswire· 2025-10-22 20:05
$280-$300 Million Investment Will Debut for the 2028 Kentucky Derby Victory Run Rendering of Victory Run from the finish line of the racetrack Victory Run Rendering of exterior entrance to Victory Run Victory Run Rendering of outdoor covered box seats at Victory Run Victory Run Rendering of trackside suites, viewing apron, and covered box seats at Victory Run LOUSVILLE, Ky., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today ...
STRATEGIC GAMING MANAGEMENT ANNOUNCES COMPLETION OF ACQUISITION OF SUNLAND PARK RACETRACK & CASINO FOR $301 MILLION
Prnewswire· 2025-10-15 20:01
Mr. Heinrich noted, "I am really excited to work with Grant and the wonderful team that exists here at Sunland, as well as the surrounding communities in this new role. I am sure we can do remarkable things together and look forward to the next chapter for this storied property." Accessibility StatementSkip Navigation Company announces key hire and management changes. RENO, Nev., Oct. 15, 2025 /PRNewswire/ --Â Strategic Gaming Management, LLC ("SGM") today announced the closing of its acquisition of Sunland ...
PENN Entertainment (PENN) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2025-08-25 14:51
Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] - Each stock receives a rating from A to F, with A indicating the highest potential for outperformance [3] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales to find attractive investment opportunities [3] Growth Score - The Growth Score assesses a company's future prospects by analyzing projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential [4] Momentum Score - The Momentum Score helps investors capitalize on price trends by evaluating recent price changes and earnings estimate revisions to identify favorable buying opportunities [5] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores to identify stocks with the best overall characteristics, serving as a strong indicator alongside the Zacks Rank [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.75% since 1988 [7][10] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for maximizing return potential [9] Company Spotlight: PENN Entertainment - PENN Entertainment, established in 1982, is a prominent owner and manager of gaming and racing facilities, focusing on slot machine entertainment [11] - Currently rated 3 (Hold) by Zacks, PENN has a VGM Score of A and a Momentum Style Score of B, with shares increasing by 1.4% over the past month [12] - Recent upward revisions in earnings estimates for fiscal 2025 have led to a consensus estimate increase of $0.32 to $0.72 per share, with an average earnings surprise of +92.7% [12][13]
Here's Why PENN Entertainment (PENN) is a Strong Momentum Stock
ZACKS· 2025-07-16 14:51
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to complement the Zacks Rank, helping investors identify stocks likely to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated from A to F based on value, growth, and momentum characteristics, with higher scores indicating a better chance of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Value Score - The Value Score identifies attractive and discounted stocks using various financial ratios such as P/E, PEG, and Price/Sales [3] Growth Score - The Growth Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow [4] Momentum Score - The Momentum Score helps investors capitalize on price trends, utilizing factors like one-week price changes and monthly earnings estimate changes [5] VGM Score - The VGM Score combines the three Style Scores to identify companies with the best value, growth potential, and momentum [6] Zacks Rank Integration - The Zacks Rank is a proprietary model based on earnings estimate revisions, with 1 (Strong Buy) stocks achieving an average annual return of +23.62% since 1988, significantly outperforming the S&P 500 [7][8] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] Company Spotlight: PENN Entertainment - PENN Entertainment, established in 1982, is a leading operator of gaming and racing facilities, with a diverse portfolio [11] - Currently rated 3 (Hold) by Zacks, PENN has a VGM Score of A and a Momentum Style Score of A, with shares increasing by 5.3% over the past four weeks [12] - Analysts have revised PENN's earnings estimate upwards, with the Zacks Consensus Estimate rising from $0.65 to $0.69 per share, and the company has an average earnings surprise of +13.5% [12][13]
Here's Why PENN Entertainment (PENN) is a Strong Value Stock
ZACKS· 2025-07-15 14:41
Company Overview - PENN Entertainment, incorporated in Pennsylvania in 1982, is a leading multi-jurisdictional owner and manager of gaming and racing facilities, focusing on slot machine entertainment [12] - The company has a geographically widespread portfolio and operates video gaming terminal operations [12] Zacks Rank and Style Scores - PENN is currently rated 3 (Hold) on the Zacks Rank, indicating a neutral outlook [13] - The company has a VGM Score of B, reflecting a combination of value, growth, and momentum characteristics [13] - PENN's Value Style Score is also B, supported by attractive valuation metrics such as a forward P/E ratio of 25.8, which may appeal to value investors [13] Earnings Estimates and Performance - In the last 60 days, five analysts have revised their earnings estimates for PENN upwards, with the Zacks Consensus Estimate increasing from $0.65 to $0.69 per share for fiscal 2025 [13] - PENN has demonstrated an average earnings surprise of +13.5%, indicating a history of exceeding earnings expectations [13] Investment Consideration - With a solid Zacks Rank and strong Value and VGM Style Scores, PENN is suggested to be on investors' short lists for potential investment opportunities [14]
Why PENN Entertainment (PENN) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-06-25 14:56
Company Overview - PENN Entertainment, incorporated in Pennsylvania in 1982, is a leading multi-jurisdictional owner and manager of gaming and racing facilities, focusing on slot machine entertainment [11] - The company has a geographically widespread portfolio, indicating a strong market presence [11] Zacks Rank and Style Scores - PENN is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, suggesting a solid overall performance [12] - The Momentum Style Score for PENN is B, with shares having increased by 13.7% over the past four weeks, indicating positive momentum [12] - Two analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.42 to $0.14 per share [12] Investment Potential - PENN's average earnings surprise stands at 13.5%, showcasing its ability to exceed earnings expectations [12] - With a strong Zacks Rank and high Momentum and VGM Style Scores, PENN is recommended for investors' consideration [13]
Why PENN Entertainment (PENN) is a Top Value Stock for the Long-Term
ZACKS· 2025-06-24 14:46
Company Overview - PENN Entertainment was incorporated in Pennsylvania in 1982 and became publicly traded in 1994, focusing on gaming and racing facilities with a strong emphasis on slot machine entertainment [11] - The company operates across multiple jurisdictions and has a diverse portfolio of gaming facilities [11] Zacks Rank and Style Scores - PENN is currently rated as 3 (Hold) on the Zacks Rank, indicating a neutral outlook [12] - The company has a VGM Score of A, reflecting strong overall performance across value, growth, and momentum metrics [12] - PENN's Value Style Score is B, supported by attractive valuation metrics such as a forward P/E ratio of 122.81, which may appeal to value investors [12] Earnings Estimates and Performance - In the last 60 days, two analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.42 to $0.14 per share [12] - PENN has demonstrated an average earnings surprise of 13.5%, indicating a history of exceeding earnings expectations [12] Investment Consideration - With a solid Zacks Rank and strong Value and VGM Style Scores, PENN Entertainment is recommended for investors' consideration [13]