Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Buys 2,700 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram bought 2,700 shares of Caesars Entertainment stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of $42.27 per share, with a total value of $114,129.00. Following the acquisition, the director directly owned 15,200 shares of the company’s stock, valued at approximately $642,504. The trade was a 21.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $29.47 on Thursday. The business has a 50 day simple moving average of $27.76 and a two-hundred day simple moving average of $25.08. Caesars Entertainment, Inc. has a 12 month low of $17.86 and a 12 month high of $31.58. The stock has a market capitalization of $6.00 billion, a P/E ratio of -12.43 and a beta of 1.77. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the company earned ($0.54) EPS. Caesars Entertainment’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cyrus Capital Partners L.P. purchased a new position in shares of Caesars Entertainment during the first quarter worth $37,795,000. Edgestream Partners L.P. purchased a new position in shares of Caesars Entertainment during the first quarter worth $2,225,000. Janus Henderson Group PLC boosted its position in shares of Caesars Entertainment by 5.8% during the first quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock worth $172,582,000 after buying an additional 355,760 shares during the period. Amundi boosted its position in shares of Caesars Entertainment by 205.1% during the first quarter. Amundi now owns 1,587,634 shares of the company’s stock worth $41,961,000 after buying an additional 1,067,259 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Caesars Entertainment by 59.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock worth $50,000 after buying an additional 702 shares during the period. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CZR. Susquehanna raised Caesars Entertainment from a “positive” rating to a “positive” rating in a report on Friday, May 29th. Stifel Nicolaus cut their price target on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Texas Capital cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Finally, Raymond James Financial lowered Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.80.

Trending Headlines about Caesars Entertainment

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Caesars promoted an invite-only CZR Exchange VIP event during the Monaco Grand Prix, which could help brand awareness and premium customer engagement. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
• Neutral Sentiment: Earlier insider buying by director Michael E. Pegram in May shows some prior confidence, but it is outweighed by the more recent sales activity.
• Negative Sentiment: Caesars is facing a shareholder-rights investigation from the Schall Law Firm over possible fiduciary-duty issues, adding a legal overhang for investors. CZR Investors Have the Opportunity to Join Investigation of Caesars Entertainment, Inc. with the Schall Law Firm
• Negative Sentiment: Multiple insider sales, including large disposals by Edmund Quatmann, Jr. and director Michael E. Pegram, may weigh on sentiment because they can signal reduced confidence at current levels. Caesars Entertainment (NASDAQ:CZR) Insider Edmund Quatmann, Jr. Sells 81,566 Shares
• Negative Sentiment: A separate investor-rights notice from another law firm about potential federal securities-law violations adds to the litigation risk surrounding CZR. Are CZR, RMAX, TBRG, SILA Obtaining Fair Deals for their Shareholders?

Caesars Entertainment Company Profile

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.