Caesars EntertainmentCZR
Market Cap: $7.98B
About: Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
Employees: 51,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
52% more call options, than puts
Call options by funds: $354M | Put options by funds: $233M
28% more repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 159
7.84% more ownership
Funds ownership: 97.41% [Q1] → 105.25% (+7.84%) [Q2]
4% more funds holding in top 10
Funds holding in top 10: 24 [Q1] → 25 (+1) [Q2]
2% less capital invested
Capital invested by funds: $9.21B [Q1] → $9.05B (-$160M) [Q2]
5% less funds holding
Funds holding: 513 [Q1] → 485 (-28) [Q2]
29% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 98
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Morgan Stanley Stephen Grambling 50% 1-year accuracy 10 / 20 met price target | 8%upside $40 | Equal-Weight Maintained | 4 Sept 2024 |
JMP Securities Jordan Bender 55% 1-year accuracy 27 / 49 met price target | 60%upside $59 | Market Outperform Maintained | 22 Aug 2024 |
Susquehanna Joseph Stauff 46% 1-year accuracy 13 / 28 met price target | 11%downside $33 | Negative Maintained | 31 Jul 2024 |
Wells Fargo Daniel Politzer 39% 1-year accuracy 16 / 41 met price target | 52%upside $56 | Overweight Maintained | 31 Jul 2024 |
Stifel Steven Wieczynski 47% 1-year accuracy 16 / 34 met price target | 52%upside $56 | Buy Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 5 articles about CZR published over the past 30 days