Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael E. Pegram Sells 5,000 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael E. Pegram sold 5,000 shares of the firm’s stock in a transaction on Friday, September 17th. The shares were sold at an average price of $110.48, for a total transaction of $552,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of CZR stock opened at $105.04 on Wednesday. The stock’s 50-day simple moving average is $95.55 and its 200-day simple moving average is $97.64. The firm has a market capitalization of $22.42 billion, a price-to-earnings ratio of -10.84 and a beta of 3.20. Caesars Entertainment, Inc. has a fifty-two week low of $43.07 and a fifty-two week high of $113.46. The company has a debt-to-equity ratio of 5.08, a quick ratio of 1.15 and a current ratio of 1.16.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, August 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.74. Caesars Entertainment had a negative return on equity of 38.37% and a negative net margin of 25.91%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. As a group, equities analysts forecast that Caesars Entertainment, Inc. will post -1.69 earnings per share for the current year.

A number of research firms recently weighed in on CZR. Zacks Investment Research raised shares of Caesars Entertainment from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Wednesday, July 21st. Stifel Nicolaus lifted their price objective on shares of Caesars Entertainment from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 4th. JPMorgan Chase & Co. lifted their price objective on shares of Caesars Entertainment from $120.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, June 10th. Cowen lifted their target price on Caesars Entertainment from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, September 10th. Finally, Wells Fargo & Company started coverage on Caesars Entertainment in a research report on Tuesday, September 14th. They set an “overweight” rating and a $137.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Caesars Entertainment currently has an average rating of “Buy” and an average price target of $114.75.

Large investors have recently made changes to their positions in the business. Redpoint Investment Management Pty Ltd acquired a new position in Caesars Entertainment in the second quarter valued at approximately $403,000. Envestnet Asset Management Inc. raised its stake in Caesars Entertainment by 8.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 51,136 shares of the company’s stock valued at $4,472,000 after purchasing an additional 3,768 shares during the last quarter. Norinchukin Bank The acquired a new position in Caesars Entertainment in the 1st quarter valued at $1,515,000. Massachusetts Financial Services Co. MA raised its stake in Caesars Entertainment by 22.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,238,241 shares of the company’s stock valued at $108,285,000 after purchasing an additional 228,727 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. acquired a new position in Caesars Entertainment in the 2nd quarter valued at $1,038,000. 92.41% of the stock is owned by institutional investors.

Caesars Entertainment Company Profile

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