5 Best Gambling Stocks To Buy Now

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

Number of Hedge Fund Holders: 56

Caesars Entertainment, Inc. (NASDAQ:CZR)  is one of the largest casino-based entertainment companies in the United States. Since starting its operations in 1973, it has grown through the development, expansion, and acquisition of resorts across the U.S. As of December 2021, the company owned, leased, and managed 52 domestic properties in 16 states.

On November 02, 2022, Daniel Politzer, an analyst at Wells Fargo, increased his price target on Caesars Entertainment, Inc. (NASDAQ:CZR) to $72 while keeping an Overweight rating on the company’s stock. The analyst believes that the higher-than-expected Q3 2022 results of the company reflect the strong nature of the operations of the company.

According to Insider’s Monkey database, 56 hedge funds had stakes in the company at the end of the September quarter.

In its Q4 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Caesars Entertainment, Inc. (NASDAQ:CZR) was one of them. Here is what the fund said:

Caesars Entertainment, Inc. (NASDAQ:CZR), 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 sizeable 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 Should You Hold Littelfuse (LFUS) Shares? and 10 Best Auto Stocks To Buy Now.

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