Michael Pegram Sells 24,800 Shares of Caesars Entertainment (NASDAQ:CZR) Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 24,800 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $29.47, for a total value of $730,856.00. Following the completion of the transaction, the director directly owned 16,897 shares of the company’s stock, valued at approximately $497,954.59. The trade was a 59.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Caesars Entertainment Trading Down 0.1%

Shares of CZR opened at $29.49 on Friday. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. The stock has a 50 day simple moving average of $27.88 and a 200-day simple moving average of $25.16. The stock has a market cap of $6.01 billion, a PE ratio of -12.44 and a beta of 1.77.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CZR. Jefferies Financial Group increased their target price on Caesars Entertainment from $24.00 to $26.00 and gave the stock a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research upgraded Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Citigroup increased their price target on Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Stifel Nicolaus decreased their price target on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Five 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.80.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in CZR. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Caesars Entertainment by 246,899,900.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock valued at $115,500,000 after buying an additional 4,937,998 shares during the period. Morgan Stanley increased its stake in shares of Caesars Entertainment by 121.0% in the 4th quarter. Morgan Stanley now owns 7,141,899 shares of the company’s stock valued at $167,049,000 after buying an additional 3,910,430 shares during the period. Capital World Investors increased its stake in shares of Caesars Entertainment by 29.8% in the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after buying an additional 3,716,148 shares during the period. Norges Bank acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at $76,050,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at $65,492,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Caesars Entertainment

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

• Positive Sentiment: Caesars highlighted promotional and brand-building activity, including an exclusive CZR Exchange VIP event tied to the Monaco Grand Prix, which may support customer engagement and awareness. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
• Neutral Sentiment: Shareholders approved directors, executive compensation, and the auditor at the annual meeting, which removes some governance uncertainty but is not a major operating catalyst.
• Negative Sentiment: Multiple law firms are investigating Caesars Entertainment over the fairness of its proposed sale to Fertitta Entertainment, creating a legal and deal-related overhang for CZR. Shareholder Alert: Ademi LLP investigates whether Caesars Entertainment, Inc. is obtaining a Fair Price for Public Shareholders
• Negative Sentiment: Recent insider selling by executives and directors, including large share disposals by Edmund Quatmann Jr. and Michael E. Pegram, may be pressuring sentiment because it can signal reduced confidence at current levels.
• Negative Sentiment: Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and no fresh bullish catalyst to offset the litigation and insider-sale concerns.

About Caesars Entertainment

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.