5 Best Buy-The-Dip Consumer Stocks to Consider

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1. Caesars Entertainment, Inc. (NASDAQ:CZR)

Number of Hedge Fund Holders: 73

YTD Share Price Decline as of July 1: 58.78%

Caesars Entertainment, Inc. (NASDAQ:CZR) is based in Reno, Nevada, operating as a gaming and hospitality company in the United States. The stock has suffered a year to date decline of about 59%. On June 28, B. Riley analyst David Bain maintained a Buy recommendation on Caesars Entertainment, Inc. (NASDAQ:CZR) but lowered the price target on the shares to $128 from $149. The analyst slashed gaming stock price targets to “better encapsulate macro risks/market conditions”. However, the resultant valuations “still leave significant share price upside”, the analyst told investors. Amid past economic softness, many gaming stocks were oversold, added the analyst.

According to Insider Monkey’s Q1 data, 73 hedge funds were bullish on Caesars Entertainment, Inc. (NASDAQ:CZR), up from 72 funds in the earlier quarter. 

Here is what Carillon Eagle Mid Cap Growth Fund has to say about Caesars Entertainment, Inc. (NASDAQ:CZR) in its Q4 2021 investor letter:

“Caesars Entertainment, a diversified casino-entertainment and resort company, underperformed in the period as its quarterly earnings update was viewed as disappointing by investors. The firm highlighted a number of one-time headwinds that ultimately weighed on margins, as well as some negative impacts brought on by the surge in COVID cases. Despite this, we believe that the sizable overall margin improvements Caesars has realized coming out of the pandemic will ultimately prove sustainable in the long run.”

You can also take a look at 10 Mid-Cap Stocks Hedge Funds Are Talking About and 10 Best Roth IRA Stocks To Buy in 2022

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