In this article, we will discuss the 5 stocks in Bryant Regan’s Lafitte Capital Management portfolio. If you want to read our detailed analysis of Regan’s history, investment philosophy, and hedge fund performance, go directly to the 9 Stocks in Bryant Regan’s Lafitte Capital Management Stock Portfolio.
5. Universal Logistics Holdings, Inc. (NASDAQ:ULH)
Regan’s Stake Value: $10,108,000
Percentage of Bryant Regan’s 13F Portfolio: 6.19%
Number of Hedge Fund Holders: 11
Universal Logistics Holdings, Inc. (NASDAQ:ULH) provides transportation and logistics services. It was founded in 1932 and it stands fifth on the list of Bryant Regan’s Lafitte Capital Management portfolio.
The hedge fund managed by Bryant Regan holds 433,800 shares in Universal Logistics Holdings, Inc. (NASDAQ:ULH) worth $10.11 million.
4. PROG Holdings, Inc. (NYSE:PRG)
Regan’s Stake Value: $20,455,000
Percentage of Bryant Regan’s 13F Portfolio: 12.53%
Number of Hedge Fund Holders: 37
PROG Holdings, Inc. (NYSE:PRG) is a Salt Lake City-based fintech holding firm that offers its consumers competitive payment choices. In June, KeyBanc analyst Bradley Thomas raised the price target on PROG Holdings, Inc. (NYSE:PRG) to $70 from $65 and kept an “Overweight” rating on the shares.
Lafitte Capital Management holds 425,000 shares in PROG Holdings, Inc. (NYSE:PRG), worth over $20.46 million. This represents 12.53% of its portfolio. The latest data reveals that the hedge fund’s stake in PROG Holdings, Inc. (NYSE:PRG) stock increased by 191% in the second quarter.
Diamond Hill Capital, in its first-quarter 2021 investor letter, mentioned PROG Holdings, Inc. (NYSE:PRG). Here is what the fund said:
“Bottom contributors included PROG Holdings, the largest virtual lease-to-own provider in the U.S. Weaker traffic at PROG’s brick-and-mortar partners and supply chain issues impacted availability of furniture and appliances to lease. We anticipate these issues should improve later in 2021. Additionally, an inquiry into lease-to-own providers by California’s relatively new Department of Financial Protection and Innovation may lead to an increased regulatory burden. However, management is executing well on its integration of e-commerce capabilities with existing partners and is looking to expand with third-party platforms. Further, the business model is attractive as it is relatively asset-light and generates strong and consistent free cash flow.”
3. EZCORP, Inc. (NASDAQ:EZPW)
Regan’s Stake Value: $20,844,000
Percentage of Bryant Regan’s 13F Portfolio: 12.77%
Number of Hedge Fund Holders: 18
EZCORP, Inc. (NASDAQ:EZPW) offers pawn loans to its customers in Mexico and Canada.
On September 15, Oppenheimer analyst Brian Nagel maintained an “Outperform” rating on EZCORP, Inc. (NASDAQ:EZPW) stock with a price target of $12.
In its second-quarter 2021 investor letter, Palm Valley Capital Management mentioned EZCORP, Inc. (NASDAQ:EZPW). Here is what the fund has to say about EZCORP in its letter:
“We sold EZCORP (ticker: EZPW) after the share price exceeded our intrinsic value estimates. These company was negatively impacted by the pandemic but is beginning to see light at the end of the tunnel.”
2. Monarch Casino & Resort, Inc. (NASDAQ:MCRI)
Regan’s Stake Value: $48,090,000
Percentage of Bryant Regan’s 13F Portfolio: 29.47%
Number of Hedge Fund Holders: 16
Monarch Casino & Resort, Inc. (NASDAQ:MCRI) owns and manages the tropically styled casino resort in Reno, Nevada, through a wholly-owned subsidiary.
In August, Jefferies analyst David Katz initiated coverage of Monarch Casino & Resort, Inc. (NASDAQ:MCRI), rating it as “Buy.”
The hedge fund managed by Bryant Regan owns 726,757 shares in Monarch Casino & Resort, Inc. (NASDAQ:MCRI), worth over $48.09 million, representing close to 29.47% of its portfolio, making it the biggest stakeholder of the company.
1. Caesars Entertainment, Inc. (NASDAQ:CZR)
Regan’s Stake Value: $56,043,000
Percentage of Bryant Regan’s 13F Portfolio: 34.35%
Number of Hedge Fund Holders: 73
Caesars Entertainment, Inc. (NASDAQ:CZR) is an American hotel and casino entertainment business with over 50 locations in Reno, Nevada. The company was established in 1937 and is placed first on the list of Bryant Regan’s Lafitte Capital Management portfolio.
On September 17, Caesars Entertainment, Inc. (NASDAQ:CZR) announced a multi-year exclusive agreement with the Louisiana State University athletics department, making it the first sportsbook to secure a deal with a Power Five college athletics school.
Lafitte Capital Management holds 540,170 shares in Caesars Entertainment, Inc. (NASDAQ:CZR), worth over $56.04 million.
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