Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Rating of “Hold” from Analysts

Caesars Entertainment, Inc. (NASDAQ:CZR) has been given a consensus recommendation of “Hold” by the nineteen research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $30.7143.

A number of brokerages recently commented on CZR. Wells Fargo & Company upped their target price on Caesars Entertainment from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Monday, June 15th. Zacks Research lowered shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, August 17th. Susquehanna upgraded shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st.

Insider Transactions at Caesars Entertainment

In other news, CFO Bret Yunker sold 208,134 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.62, for a total value of $6,164,929.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Blackhurst Janis L. Jones sold 33,899 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $29.63, for a total value of $1,004,427.37. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 540,003 shares of company stock valued at $15,941,145. Corporate insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CZR. Allworth Financial LP acquired a new stake in shares of Caesars Entertainment in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Caesars Entertainment by 456.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after buying an additional 918 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after acquiring an additional 672 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Caesars Entertainment by 87.1% in the fourth quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after acquiring an additional 846 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Caesars Entertainment by 59.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock worth $50,000 after acquiring an additional 702 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Down 0.1%

CZR stock opened at $29.67 on Wednesday. Caesars Entertainment has a twelve month low of $17.86 and a twelve month high of $30.88. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70. The company has a market cap of $6.05 billion, a PE ratio of -13.01 and a beta of 1.75. The business’s 50-day simple moving average is $29.89 and its 200 day simple moving average is $27.86.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.35). Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the company earned ($0.39) EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, research analysts anticipate that Caesars Entertainment will post -0.9 earnings per share for the current year.

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.