Boyd Gaming Makes Acquisition Approach To Penn Entertainment
$BYD
$DKNG
$PENN
Hotels/Resorts
Consumer Discretionary
Services-Misc. Amusement & Recreation
Consumer Discretionary
- Reuters Citing Sources
- Reuters Citing Sources
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 11/13/2024 | $22.00 | Neutral | BofA Securities | |
| 10/18/2024 | $54.00 → $62.00 | Outperform | Mizuho | |
| 10/7/2024 | $48.00 → $50.00 | Positive | Susquehanna | |
| 9/10/2024 | $35.00 | Underperform → Neutral | Exane BNP Paribas | |
| 9/4/2024 | $56.00 → $58.00 | Buy | UBS | |
| 9/4/2024 | $47.00 → $48.00 | Positive | Susquehanna | |
| 9/4/2024 | $66.00 → $74.00 | Equal-Weight → Overweight | Morgan Stanley | |
| 7/1/2024 | $60.00 → $58.00 | Outperform | Oppenheimer |
144 - DraftKings Inc. (0001883685) (Subject)
144 - DraftKings Inc. (0001883685) (Subject)
8-K - PENN Entertainment, Inc. (0000921738) (Filer)
4 - BOYD GAMING CORP (0000906553) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
4 - PENN Entertainment, Inc. (0000921738) (Issuer)
BofA Securities resumed coverage of PENN Entertainment with a rating of Neutral and set a new price target of $22.00
Mizuho reiterated coverage of DraftKings with a rating of Outperform and set a new price target of $62.00 from $54.00 previously
Susquehanna reiterated coverage of DraftKings with a rating of Positive and set a new price target of $50.00 from $48.00 previously
SC 13G - BOYD GAMING CORP (0000906553) (Subject)
SC 13G/A - PENN Entertainment, Inc. (0000921738) (Subject)
SC 13D/A - PENN Entertainment, Inc. (0000921738) (Subject)
BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2024 Highlights For the three months ended September 30, 2024, DraftKings reported revenue of $1,095 million, an increase of $306 million, or 39%, compared to $790 million during the same period in 2023. The increase in the Company's third quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cu
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In
Fans can now track live, upcoming, and settled bets via the ESPN app and ESPN.com PENN Entertainment and ESPN announced today that account linking between ESPN BET and ESPN is now available for customers, creating an even more deeply integrated media and betting experience. By linking accounts, fans now have the ability to seamlessly track upcoming, live and settled bets within the ESPN app and on ESPN.com. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101932838/en/(Graphic: Business Wire) With this product enhancement, ESPN BET will soon bring fans more personalized bets and timely promotions based on their favorite sports,
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori
PGA Tour golfer Scottie Scheffler is soon to compete in his first Olympic games and hopes to get a win to complement his strong 2024 season. What Happened: Scheffler has been dominant in the 2024 PGA Tour season, winning six tournaments, including the Players Championship and the Masters. In 16 events, Scheffler made 16 cuts and 14 top-10 finishes. Along with his six wins, Scheffler also has two runner-up finishes. Scheffler is one of four golfers representing the U.S. at the 2024 Summer Olympics. Along with Scheffler, Xander Schauffele, Wyndham Clark and Collin Morikawa will compete as members of Team USA. The four golfers currently rank first, second, fifth and sixth in the PGA
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BABA CALL TRADE BULLISH 08/02/24 $79.00 $27.0K 2.4K 1.7K SBUX CALL TRADE B
BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2024 Highlights For the three months ended September 30, 2024, DraftKings reported revenue of $1,095 million, an increase of $306 million, or 39%, compared to $790 million during the same period in 2023. The increase in the Company's third quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cu
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In
WYOMISSING, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended September 30, 2024. Financial Highlights Three Months Ended September 30,(in millions, except per share data) 2024 2023Total Revenue $385.3 $359.6Income from Operations $271.4 $268.3Net Income $190.1 $189.3FFO (1) (4) $250.6 $254.4AFFO (2) (4) $268.2 $251.2Adjusted EBITDA (3) (4) $346.4 $327.1Net income, per diluted common share and OP units (4) $0.67 $0.70FFO, per diluted common share and OP units (4) $0.89 $0.94AFFO, per diluted common share and OP units (4) $0.95 $0.92 ________________
PENN Entertainment is expanding its partnership with Ticketmaster to enhance PENN Play™, its industry-leading customer loyalty offering. Members can now connect their PENN Play Member Rewards and Ticketmaster accounts to use PENN Cash for tickets to concerts, sporting events and shows, providing a new convenient payment option. PENN Entertainment Inc. ("PENN") (NASDAQ:PENN) today announced that it has expanded its partnership with Ticketmaster to offer exciting new benefits for its more than 30 million loyalty members. Starting today, PENN Play members can redeem rewards for tickets to live events through Ticketmaster. Additionally, PENN will have on-site activations at five amphithe
Boyd Gaming Corporation (NYSE:BYD) today announced the appointment of Michael A. Hartmeier to its Board of Directors. Hartmeier is the former group head of lodging, gaming and leisure investment banking for Barclays, and previously served as group head for hospitality and gaming for both Lehman Brothers and Credit Suisse First Boston. During his 25-year career in investment banking, Hartmeier completed more than $125 billion in financing and advisory assignments, including work for numerous gaming companies. Hartmeier is currently a member of the Board of Directors for DiamondRock Hospitality Company, a self-advised real estate investment trust with a portfolio of premium hotels and res
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S