5 Best Casino Stocks to Invest In

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

Number of Hedge Fund Holders: 76 

Caesars Entertainment, Inc. (NASDAQ: CZR) tops our list of the best casino stocks to invest in. It is an American casino, gaming, and hotel company, based in Nevada. The company has over 50 casinos worldwide and offers the largest loyalty program in the industry. It also offers unique shopping, entertainment, dining, and accommodation experience to the customers. 

In Q1 2021, Caesars Entertainment, Inc. (NASDAQ: CZR) reported a net income of $548 million, up 33.7% from $410 million during the same period last year. The company generated $1.7 billion in revenue, compared with $473 million in the prior-year quarter. The Las Vegas casinos and restaurants accounted for $497 of the total revenue. The CZR stock has delivered a 130.9% return to shareholders in the past year. Recently, many investment banks raised their price target on CZR stock, including JP Morgan, KeyBanc, Deutsche Bank, etc. JP Morgan raised its price target on CZR to $129, with an ‘Overweight’ rating. 

At the end of Q1 2021, 76 hedge funds tracked by Insider Monkey have positions in Caesars Entertainment, Inc. (NASDAQ: CZR), up from 71 in the previous quarter. The total value of these stakes is $1.5 billion. 

You can also take a peek at 10 Best Sports Betting Stocks to Buy Now and 10 Best Las Vegas Stocks to Buy Now.

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