Caesars Entertainment
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
76% more call options, than puts
Call options by funds: $554M | Put options by funds: $315M
12% more funds holding in top 10
Funds holding in top 10: 25 [Q2] → 28 (+3) [Q3]
1% more funds holding
Funds holding: 488 [Q2] → 493 (+5) [Q3]
6% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 81
0% less capital invested
Capital invested by funds: $9.15B [Q2] → $9.13B (-$17.3M) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 179
5.29% less ownership
Funds ownership: 106.38% [Q2] → 101.09% (-5.29%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$42
28%
upside
Avg. target
$53
62%
upside
High target
$58
77%
upside
7 analyst ratings
6 positive
86%
1 neutral
14%
0 negative
0%
Barclays Brandt Montour 52% 1-year accuracy 44 / 85 met price target | 68%upside $55 | Overweight Maintained | 13 Dec 2024 |
JMP Securities Jordan Bender 37% 1-year accuracy 22 / 59 met price target | 74%upside $57 | Market Outperform Maintained | 25 Nov 2024 |
Macquarie Chad Beynon 60% 1-year accuracy 24 / 40 met price target | 52%upside $50 | Outperform Maintained | 30 Oct 2024 |
JP Morgan Joseph Greff 31% 1-year accuracy 9 / 29 met price target | 77%upside $58 | Overweight Maintained | 30 Oct 2024 |
Wells Fargo Daniel Politzer 60% 1-year accuracy 32 / 53 met price target | 61%upside $53 | Overweight Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 7 articles about CZR published over the past 30 days
Neutral
Business Wire
2 days ago
Gordon Ramsay Burger at Flamingo Las Vegas Now Accepting Reservations
LAS VEGAS--(BUSINESS WIRE)--Flamingo Las Vegas is ready to fire up the grills as Gordon Ramsay Burger at Flamingo Las Vegas is now accepting reservations through OpenTable. The arrival of Gordon Ramsay Burger at Flamingo Las Vegas follows the success of the world-famous chef and TV personality's first Gordon Ramsay Burger, which opened at Planet Hollywood Resort & Casino in December 2012. It is the celebrated chef's seventh restaurant at Caesars Entertainment's Las Vegas Resorts and the fif.
Neutral
Business Wire
3 days ago
Caesars Entertainment Celebrates Grand Opening of Caesars Virginia
DANVILLE, Va.--(BUSINESS WIRE)--Caesars Entertainment celebrated the grand opening of its highly anticipated destination Caesars Virginia earlier today. The luxury resort opened its doors for the first time following a ceremony led by Caesars Entertainment CEO Tom Reeg, Caesars Entertainment President & COO Anthony Carano, Caesars Entertainment Regional President Barron Fuller, Caesars Virginia General Manager Chris Albrecht and Eastern Band of Cherokee Indians Chief Michell Hicks. Danville.
Positive
Seeking Alpha
5 days ago
Tax Loss Selling Season: Four Oversold Stocks
Tax loss selling has created opportunities in overly discounted stocks like Dave & Buster's, Rexford Industrial Real Estate, Portillo's, and Caesar's Entertainment. Dave & Buster's shares have plummeted due to weak comps and increased leverage, but insider buying and potential EBITDA growth present a compelling valuation. Rexford Industrial Real Estate offers attractive returns due to high-quality assets and strong negotiating positions, despite recent rent declines.
Neutral
Business Wire
1 week ago
Caesars Entertainment, Inc. Closes Sale of the LINQ Promenade
LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)--Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (“TPG”) and the Investment Management Platform of Acadia Realty Trust (“Acadia”) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of our Term Loan B due 2030 with the proceeds from the transaction. Latham.
Neutral
Business Wire
2 weeks ago
Lisa Vanderpump Throws an Epic Grand Opening Party For Pinky's by Vanderpump at Flamingo Las Vegas
LAS VEGAS--(BUSINESS WIRE)--Guests were tickled pink at last night's grand opening event for Lisa Vanderpump's newest restaurant and cocktail bar, Pinky's by Vanderpump, at Flamingo Las Vegas. Friends of Vanderpump joined the party to celebrate, including actors Jesse Bradford and Andrea Watrouse, reality television stars Tom Schwartz and Peter Madrigal, and the cast from Vanderpump's latest show, “Vanderpump Villa.” Pinky's by Vanderpump (coined after Vanderpump's nickname, “Pinky”) features p.
Neutral
Seeking Alpha
3 weeks ago
Caesars: 2 Obstacles Stand Between It And A $51 Price Target
Caesars Entertainment needs a recapitalization program, blending refinancing and potential property sell-offs, to address its $11.7 billion long-term debt. JPMorgan's latest analyst focus list shows a 58% upside in the price target for CZR, highlighting its strong asset base. CZR's 65 million-member rewards database provides stability against debt concerns, maintaining its position as a leader in the sector.
Neutral
Business Wire
4 weeks ago
Dominique Ansel Marché Debuts at Paris Las Vegas Dec. 6
LAS VEGAS--(BUSINESS WIRE)--A freshly baked dining concept awaits at Paris Las Vegas. In partnership with Caesars Entertainment, Chef Dominique Ansel – James Beard Award-winning pastry chef and the creator of the Cronut® – will open his second venue on the Las Vegas Strip, Dominique Ansel Marché at Paris Las Vegas, on Friday, Dec. 6 at noon. As a “thank you” to those looking to take the first bites of Chef Dominique's signature creations, the first 50 guests will receive a commemorative gift in.
Neutral
Business Wire
1 month ago
Caesars Virginia Opens Dec. 12, 2024
DANVILLE, Va.--(BUSINESS WIRE)-- #caesars--Caesars Virginia is excited to announce its highly anticipated opening date will be Thursday, Dec. 12, 2024. The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date. Caesars Virginia is a 587,000 square foot casino resort with more than 90,000 square feet of gaming space, including nearly 1,500 of the newest, most exciting slots, 79 live-action table games, 48 electronic table gam.
Negative
Schaeffers Research
1 month ago
Casino Stock Crumbles on Surprise Q3 Loss
Shares of casino stock Caesars Entertainment Inc (NASDAQ:CZR) are down 9.2% at $41.13 at last glance, after the company reported third-quarter losses of 4 cents per share, compared to the profits of 12 cents per share anticipated by analysts.
Neutral
Zacks Investment Research
1 month ago
Caesars Entertainment Reports Q3 Loss, Misses Revenue Estimates
CZR's third-quarter 2024 results reflect soft contributions from four of its five reportable segments, with benefits realized from the Caesars Digital segment.
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