Caesars Entertainment (CZR)

• Market cap: $7.51B
• 1 day: -6.41%
• 5 days: -10.28%
• 1 month: 3.24%
• 3 months: -5.91%
• 6 months: -2.81%
• Year to date: 8.44%
• 1 year: -16.34%
• 5 years: -48.12%
• 10 years: 685.33%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

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 Q4 regulatory filings by fund managers ($100M+ AUM)

23% more call options, than puts

Call options by funds: $424M | Put options by funds: $345M

0.42% more ownership

Funds ownership: 101.87% [Q3] → 102.29% (+0.42%) [Q4]

2% less first-time investments, than exits

New positions opened: 83 | Existing positions closed: 85

9% less repeat investments, than reductions

Existing positions increased: 158 | Existing positions reduced: 174

5% less funds holding

Funds holding: 494 [Q3] → 471 (-23) [Q4]

7% less funds holding in top 10

Funds holding in top 10: 28 [Q3] → 26 (-2) [Q4]

21% less capital invested

Capital invested by funds: $9.2B [Q3] → $7.26B (-$1.94B) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $43 22% upside
• Avg. target: $52 46% upside
• High target: $57 61% upside

8 analyst ratings

• positive: 8 100%
• neutral: 0 0%
• negative: 0 0%

TD Cowen Lance Vitanza 69% 1-year accuracy 18 / 26 met price target	36% upside $48	Buy Maintained	4 Feb 2025
Stifel Steven Wieczynski 70% 1-year accuracy 21 / 30 met price target	44% upside $51	Buy Maintained	23 Jan 2025
JMP Securities Aaron Hecht 61% 1-year accuracy 33 / 54 met price target	50% upside $53	Market Outperform Maintained	16 Jan 2025
Truist Securities Barry Jonas 71% 1-year accuracy 25 / 35 met price target	36% upside $48	Buy Maintained	14 Jan 2025
JP Morgan Joseph Greff 42% 1-year accuracy 11 / 26 met price target	61% upside $57	Overweight Maintained	3 Jan 2025