Caesars Entertainment (CZR)

• Market cap: $5.81B
• 1 day: -1.90%
• 5 days: -5.86%
• 1 month: -1.62%
• 3 months: 3.22%
• 6 months: -22.91%
• Year to date: -14.30%
• 1 year: -24.31%
• 5 years: -16.30%
• 10 years: 236.91%
• 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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

48% more repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 132

4.39% more ownership

Funds ownership: 102.9% [Q4 2024] → 107.29% (+4.39%) [Q1 2025]

4% less call options, than puts

Call options by funds: $250M | Put options by funds: $259M

7% less funds holding

Funds holding: 481 [Q4 2024] → 446 (-35) [Q1 2025]

12% less funds holding in top 10

Funds holding in top 10: 26 [Q4 2024] → 23 (-3) [Q1 2025]

22% less capital invested

Capital invested by funds: $7.31B [Q4 2024] → $5.68B (-$1.63B) [Q1 2025]

28% less first-time investments, than exits

New positions opened: 67 | Existing positions closed: 93

Research analyst outlook

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

• Low target: $28 0% upside
• Avg. target: $39 40% upside
• High target: $48 72% upside

9 analyst ratings

• positive: 7 78%
• neutral: 2 22%
• negative: 0 0%

Macquarie Chad Beynon	43% upside $40	Outperform Maintained	30 Jul 2025
Truist Securities Barry Jonas	32% upside $37	Buy Maintained	30 Jul 2025
Barclays Brandt Montour	54% upside $43	Overweight Maintained	30 Jul 2025
JMP Securities Jordan Bender	54% upside $43	Market Outperform Maintained	30 Jul 2025
Stifel Steven Wieczynski	61% upside $45	Buy Maintained	30 Jul 2025