Is Penn National Gaming Stock a Buy?

Penn National Gaming's (NASDAQ: PENN) stock has recovered substantially since it cratered at the pandemic's onset. The company owns and manages 41 gaming properties in 19 states. Most of its locations have reopened after shutting down during the pandemic, but the recent surge in coronavirus cases puts its ability to stay open in jeopardy.

Still, with positive news on multiple coronavirus vaccines, it appears that it's only a matter of time before the company will return to operating at full throttle. In the meantime, its foray into online sports betting is taking off extremely well and has investors excited about its potential. Let's take a closer look at the company to determine if this is a good time to buy Penn National Gaming stock.

Penn National Gaming is partnering with Barstool Sports. Image source: Getty Images.

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Source Fool.com