Breaking News
LAST CHANCE for Cyber Monday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Caesars (CZR) Stock Up 32% in 6 Months: Will the Rally Last?

By Zacks Investment ResearchStock MarketsSep 28, 2021 11:10PM ET
Caesars (CZR) Stock Up 32% in 6 Months: Will the Rally Last?
By Zacks Investment Research   |  Sep 28, 2021 11:10PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Shares of Caesars (NASDAQ:CZR) Entertainment, Inc. CZR have surged 32.5% in the past six months, compared with the industry’s growth of 2.9%. The company is benefiting from partnerships and solid performance of the regional destination properties. Improvement in occupancy levels is encouraging as well. However, coronavirus-related woes persist. Let’s delve deeper.

Growth Drivers

Caesars Entertainment continues to focus on partnerships to drive growth. Recently, it announced the expansion of its collaboration with Nobu Hospitality, with two new Nobu Hotels and restaurants at Harrah's New Orleans and Caesars Atlantic City; a Nobu restaurant at Paris Las Vegas; and a refresh of the first Nobu Hotel at Caesars Palace, Las Vegas.

Earlier, the company expanded its partnership with the Arizona Diamondbacks and Caesars Superdome. It is committed toward expanding its relationships with leagues and professional sports teams.

On Aug 12, 2021, the company announced a collaboration with an American football team — Houston Texans — which has made Caesars Entertainment its official casino partner. Fiesta (NASDAQ:FRGI) Bowl Organization is the most recent addition to Caesars Entertainment’s list of growing sports relationships. It emphasizes on sports betting expansion. To this end, the company formed a new Caesars Digital segment comprising sports betting, iGaming and poker.

During second-quarter 2021, occupancy in Las Vegas reached 89%, with weekend occupancy reaching 99%. In the previous quarter, the occupancy in Las Vegas was 63%, while weekend occupancy reached 85%. The upside was primarily driven by pent up demand and solid booking trends. Going forward, the company remains optimistic with respect to booking trends as it is witnessing increasing bookings for group and convention room nights for the second half of 2021.

The company continues to witness encouraging trends for its regional destination properties. In the second quarter, the company reported encouraging revenues, adjusted EBITDA and margin performance. During the quarter, net revenues in the segment amounted to $1,490 million compared with $114 million reported in the year-ago quarter.

Zacks Investment Research
Zacks Investment Research
Image Source: Zacks Investment Research


The coronavirus pandemic has negatively impacted the company’s business, financial condition and results of operations for the three months ended Jun 30, 2021. The company witnessed restrictions across a number of states including Nevada. The impact of COVID-19 on its business remains uncertain. Risks pertaining to a delay in wide distribution of a vaccine or a lack of public acceptance of a vaccine could lead people to continue self-isolation and non-participation in the economy. Due to the uncertainty of the crisis, the company suspended its share repurchase program until further notice.

Caesars Entertainment carries a Zacks Rank #3 (Hold).

Top Leisure Picks

Bluegreen Vacations (NYSE:BXG) Holding Corporation BVH has a projected 2021 earnings growth rate of 172% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

SeaWorld (NYSE:SEAS) Entertainment, Inc. SEAS sports a Zacks Rank #1. Its bottom line has outperformed the Zacks Consensus Estimate in the trailing three quarters.

RCI Hospitality Holdings, Inc. RICK has a Zacks Rank #1 and a projected long-term earnings growth rate of 12%.

Zacks' Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Caesars Entertainment, Inc. (CZR): Free Stock Analysis Report

RCI Hospitality Holdings, Inc. (RICK): Free Stock Analysis Report

SeaWorld Entertainment, Inc. (SEAS): Free Stock Analysis Report

Bluegreen Vacations Holding Corporation (BVH): Free Stock Analysis Report

To read this article on click here.
Caesars (CZR) Stock Up 32% in 6 Months: Will the Rally Last?

Related Articles

Caesars (CZR) Stock Up 32% in 6 Months: Will the Rally Last?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email