Caesars Entertainment (CZR)

• Market cap: $5.66B
• 1 day: -3.32%
• 5 days: 1.01%
• 1 month: 8.24%
• 3 months: -25.31%
• 6 months: -34.90%
• Year to date: -16.97%
• 1 year: -24.46%
• 5 years: 26.21%
• 10 years: 283.83%
• Sector: Consumer Discretionary
• Industry: Resorts & Casinos

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

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

• Low target: $28 3% upside
• Avg. target: $43 60% upside
• High target: $53 96% upside

11 analyst ratings

• positive: 9 82%
• neutral: 2 18%
• negative: 0 0%

Stifel Steven Wieczynski 44% 1-year accuracy 16 / 36 met price target	55% upside $42	Buy Maintained	30 Apr 2025
Susquehanna Joseph Stauff 41% 1-year accuracy 15 / 37 met price target	3% upside $28	Neutral Maintained	30 Apr 2025
Barclays Brandt Montour 41% 1-year accuracy 36 / 88 met price target	66% upside $45	Overweight Maintained	30 Apr 2025
JMP Securities Jordan Bender 18% 1-year accuracy 10 / 56 met price target	66% upside $45	Market Outperform Reiterated	30 Apr 2025
Truist Securities Barry Jonas 34% 1-year accuracy 13 / 38 met price target	48% upside $40	Buy Maintained	23 Apr 2025