Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $53.00 by Analysts at Wells Fargo & Company

Caesars Entertainment (NASDAQ:CZR) had its price objective cut by Wells Fargo & Company from $54.00 to $53.00 in a report issued on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on CZR. Barclays lowered their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an overweight rating for the company in a research note on Friday, April 19th. Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $65.00 to $62.00 and set a buy rating on the stock in a research report on Thursday, July 11th. Raymond James initiated coverage on shares of Caesars Entertainment in a research report on Tuesday, May 21st. They issued a strong-buy rating and a $55.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Caesars Entertainment from $62.00 to $59.00 and set a buy rating on the stock in a research report on Friday, April 12th. Finally, TD Cowen decreased their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set a buy rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Caesars Entertainment has an average rating of Moderate Buy and an average price target of $54.33.

Caesars Entertainment Stock Performance

Caesars Entertainment stock opened at $36.86 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.65. The company has a market capitalization of $7.98 billion, a PE ratio of 10.44 and a beta of 2.98. The firm has a fifty day simple moving average of $36.70 and a two-hundred day simple moving average of $40.11. Caesars Entertainment has a twelve month low of $31.74 and a twelve month high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.52). The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. Research analysts expect that Caesars Entertainment will post -0.13 EPS for the current year.

Insider Activity at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram acquired 40,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the completion of the acquisition, the director now owns 181,697 shares in the company, valued at $6,611,953.83. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Caesars Entertainment news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $32.52, for a total value of $325,200.00. Following the sale, the director now owns 350 shares in the company, valued at $11,382. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael E. Pegram acquired 40,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the acquisition, the director now owns 181,697 shares of the company’s stock, valued at approximately $6,611,953.83. The disclosure for this purchase can be found here. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Caesars Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in shares of Caesars Entertainment by 525.3% in the second quarter. Blue Trust Inc. now owns 594 shares of the company’s stock worth $26,000 after buying an additional 499 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Caesars Entertainment in the fourth quarter worth approximately $45,000. Principal Securities Inc. bought a new position in shares of Caesars Entertainment in the fourth quarter worth approximately $46,000. Mather Group LLC. bought a new position in shares of Caesars Entertainment in the first quarter worth approximately $53,000. Finally, TFO Wealth Partners LLC lifted its stake in shares of Caesars Entertainment by 22,920.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after buying an additional 1,146 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.