Caesars EntertainmentCZR
About: Caesars Entertainment includes about 50 domestic gaming properties across the Las Vegas (49% of 2024 EBITDAR before corporate expenses) and regional (46%) markets. Additionally, the company hosts managed properties and digital assets that produced marginal EBITDA in 2024. 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: 50,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
23% more call options, than puts
Call options by funds: $424M | Put options by funds: $345M
1.54% more ownership
Funds ownership: 101.04% [Q3] → 102.58% (+1.54%) [Q4]
2% less first-time investments, than exits
New positions opened: 86 | Existing positions closed: 88
6% less repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 174
2% less funds holding
Funds holding: 493 [Q3] → 481 (-12) [Q4]
7% less funds holding in top 10
Funds holding in top 10: 28 [Q3] → 26 (-2) [Q4]
20% less capital invested
Capital invested by funds: $9.13B [Q3] → $7.28B (-$1.84B) [Q4]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
JMP Securities Jordan Bender 18% 1-year accuracy 10 / 56 met price target | 80%upside $45 | Market Outperform Maintained | 17 Apr 2025 |
Morgan Stanley Stephen Grambling 41% 1-year accuracy 11 / 27 met price target | 16%upside $29 | Equal-Weight Maintained | 16 Apr 2025 |
Susquehanna Joseph Stauff 22% 1-year accuracy 7 / 32 met price target | 8%downside $23 | Neutral Maintained | 14 Apr 2025 |
Raymond James RJ Milligan 33% 1-year accuracy 8 / 24 met price target | 96%upside $49 | Strong Buy Maintained | 19 Mar 2025 |
Citizens Capital Markets Jordan Bender 18% 1-year accuracy 10 / 56 met price target | 112%upside $53 | Market Outperform Reiterated | 26 Feb 2025 |
Financial journalist opinion
Based on 7 articles about CZR published over the past 30 days
