5 Good Stocks to Buy Right Now

3. Penn National Gaming, Inc. (NASDAQ: PENN)

Number of Hedge Fund Holders: 40

Penn National Gaming, Inc. (NASDAQ: PENN) is a gaming company based in Pennsylvania that ranks 3rd on the list of 15 good stocks to buy right now. The company owns and operates casinos, gaming, and racing facilities across the US. Penn National Gaming, Inc. (NASDAQ: PENN) also manages online sports betting apps and online casinos.

On August 6, Penn National Gaming, Inc. (NASDAQ: PENN) announced its $2 billion acquisition of Canadian digital sports media firm Score Media and Gaming Inc. (NASDAQ: SCR), which is set to complete in the first quarter of 2022. Following the announcement of the acquisition and strong second-quarter results, Stifel analyst Steven Wieczynski maintained a Buy rating on Penn National Gaming, Inc. (NASDAQ: PENN) with a price target of $108 per share.

The company has a market cap of $11 billion. In the second quarter of 2021, Penn National Gaming, Inc. (NASDAQ: PENN) reported an EPS of $1.17, beating estimates by $0.21. The company’s second-quarter revenue came in at $1.55 billion, up from $305.5 million in the same period in 2020, and beat revenue estimates by $45.35 million.