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Bryant Regan’s Lafitte Capital Stock Portfolio: Caesars (CZR), Monarch Casino (MCRI), and More

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In this article, we discuss the 9 stocks in Bryant Regan's Lafitte Capital Management portfolio based on Q2 holdings of the fund. If you want to skip our detailed analysis of the fund's history, investment philosophy, and hedge fund performance, go directly to the 5 Stocks in Bryant Regan's Lafitte Capital Management Portfolio.

Bryant Jude Regan is the founder of Lafitte Capital Management, and he has been a member of Lafitte Capital Management since March 2005. Bryant Regan graduated from Louisiana State University with a bachelor's degree. Texas-based Lafitte Capital Management focuses on small-cap businesses in the manufacturing, electronic technology, transportation, and consumer services industries. The hedge fund’s 13F public equity portfolio is worth $163.13 million as of the second quarter of 2021.

Some of the top investments in the portfolio of Lafitte Capital Management at the end of the second quarter of 2021 were Caesars Entertainment, Inc. (NASDAQ:CZR), Red Rock Resorts, Inc. (NASDAQ:RRR), and ChampionX Corporation (NASDAQ:CHX), among others.

In Caesars Entertainment, Inc. (NASDAQ:CZR), Bryant Regan's Lafitte Capital Management owns 540,170 shares. On September 14, Wells Fargo analyst Daniel Politzer maintained an “Overweight” rating on Caesars Entertainment, Inc. (NASDAQ:CZR) stock with a price target of $137.

Bryant Regan's Lafitte Capital Management also has a stake in Red Rock Resorts, Inc. (NASDAQ:RRR). The hedge fund owns 50,000 shares of the company, worth $2.13 million. On September 14, Wells Fargo analyst Daniel Politzer kept an “Overweight” rating on Red Rock Resorts, Inc. (NASDAQ:RRR) stock with a price target of $62.

Bryant Regan also owns 100,633 shares in ChampionX Corporation (NASDAQ:CHX), worth $2.58 million. On September 17, Goldman Sachs analyst Neil Mehta maintained a "Sell" rating on ChampionX Corporation (NASDAQ:CHX) stock with a price target of $22.

Photo by Kvnga on Unsplash

Why should we care about Regan's stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Here is a list of 9 stocks in Bryant Regan's Lafitte Capital Management portfolio in 2021. We used Regan's 13F portfolio for Q2 2021 for this analysis.

Bryant Regan's Lafitte Capital Stock Portfolio: Caesars, Monarch Casino, and More

9. Tivity Health, Inc. (NASDAQ:TVTY)

Regan's Stake Value: $1,316,000

Percentage of Bryant Regan's 13F Portfolio: 0.8%

Number of Hedge Fund Holders: 22

Tivity Health, Inc. (NASDAQ:TVTY) primarily serves elders and older individuals in the United States with health-related products. It was established in 1981 and is ranked ninth on the list of stocks in Bryant Regan's Lafitte Capital Management portfolio. Shares of Tivity Health, Inc. (NASDAQ:TVTY) surged 52.94% in the last 12 months.

In August, Cantor Fitzgerald analyst Steven Halper lowered his price target on Tivity Health, Inc. (NASDAQ:TVTY) to $33 from $36 and maintained an “Overweight” rating on the shares post second-quarter results. However, in a research note to investors, Halper says he still expects to see a strong comeback by Tivity Health, Inc. (NASDAQ:TVTY) in the future.

The hedge fund chaired by Bryant Regan added Tivity Health, Inc. (NASDAQ:TVTY) to its portfolio in the second quarter by buying 50,000 shares.

8. Audacy, Inc. (NYSE:AUD)

Regan's Stake Value: $1,567,000

Percentage of Bryant Regan's 13F Portfolio: 0.96%

Number of Hedge Fund Holders: 17

Audacy, Inc. (NYSE:AUD) is a multi-platform audio content and entertainment firm, in the radio broadcasting industry. It was incorporated in 1968 and stands eighth on the list of stocks in Bryant Regan's Lafitte Capital Management portfolio.

The stock is a new arrival on Bryant Regan's Lafitte Capital Management portfolio, as his hedge fund bought about 363,500 shares of Audacy, Inc. (NYSE:AUD), worth $1.57 million. The company occupies 0.96% of Lafitte Capital Management's total portfolio.

Caesars Entertainment, Inc. (NASDAQ:CZR), Red Rock Resorts, Inc. (NASDAQ:RRR) and ChampionX Corporation (NASDAQ:CHX) are some of the best stocks on the portfolio of Bryant Regan's Lafitte Capital Management, along with Audacy, Inc. (NYSE:AUD).

7. Red Rock Resorts, Inc. (NASDAQ:RRR)

Regan's Stake Value: $2,125,000

Percentage of Bryant Regan's 13F Portfolio: 1.3%

Number of Hedge Fund Holders: 26

Red Rock Resorts, Inc. (NASDAQ:RRR) operates in the casino, gambling, and entertainment industries in the United States. It was founded in 1976 and is ranked seventh on the list of stocks in Bryant Regan's Lafitte Capital Management portfolio. Red Rock Resorts, Inc.’s (NASDAQ:RRR) stock has gained a whopping 203.49% over the last 12 months.

The hedge fund managed by Bryant Regan holds 50,000 shares in Red Rock Resorts, Inc. (NASDAQ:RRR), worth $2.13 million. In the second quarter of 2021, 26 hedge funds in Insider Monkey's database of 873 funds held stakes in Red Rock Resorts, Inc. (NASDAQ:RRR) compared to 28 funds in the quarter earlier.

In its second-quarter 2021 investor letter, Diamond Hill Capital mentioned Red Rock Resorts, Inc. (NASDAQ:RRR). Here is what the fund said:

“On an individual holdings’ basis, top contributors to return included Red Rock Resorts, a casino operator controlling over half the Las Vegas locals market. Red Rock is benefiting from pent-up demand, but it also executed well through the pandemic— controlling costs by selectively reopening facilities, improving its balance sheet and delivering record margins.”

6. ChampionX Corporation (NASDAQ:CHX)

Regan's Stake Value: $2,581,000

Percentage of Bryant Regan's 13F Portfolio: 1.58%

Number of Hedge Fund Holders: 30

ChampionX Corporation (NASDAQ:CHX) provides chemical solutions and technical equipment and technology to oil and gas companies worldwide.

The hedge fund chaired by Bryant Regan holds 100,633 shares in ChampionX Corporation (NASDAQ:CHX) worth over $2.58 million. In addition, the hedge fund has decreased its stake in the firm by 78% in the second quarter of 2021. ChampionX Corporation (NASDAQ:CHX) is also getting the attention of the smart money, as 30 hedge funds tracked by Insider Monkey reported owning stakes in the company in the second quarter, up from 28 funds a quarter earlier. Gates Capital Management is the most significant shareholder of ChampionX Corporation (NASDAQ:CHX) with 4.74 million shares, worth $121.60 million.

Click to continue reading and see Bryant Regan's Lafitte Capital's Top 5 Stock Picks.

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Disclosure: None. Bryant Regan's Lafitte Capital Stock Portfolio: Caesars, Monarch Casino, and More is originally published on Insider Monkey.