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Watch For Continued Gains In Shares Of Caesars Entertainment Inc.

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Caesars Entertainment Inc. (NASDAQ: CZR) traded at a new 52-week high today of $114.60. Approximately 145,000 shares have changed hands today, as compared to an average 30-day volume of 2.5 million shares.

Caesars Entertainment Inc. has overhead space with shares priced $113.55, or 8.8% below the average consensus analyst price target of $124.52.

Caesars Entertainment includes around 50 domestic gaming properties across Las Vegas (40% of 2021 estimated EBITDAR before corporate and digital expenses) and regional (60%) markets. Additionally, the company hosts international properties, which generate near break-even to slightly positive EBITDAR.

Caesars’ U.S. 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 William Hill, a digital sports betting platform.

In the past 52 weeks, Caesars Entertainment Inc. share prices are bracketed by a low of $43.07 and a high of $114.60 and are now at $113.55, 164% above that low price.

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