Truist Financial Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $29.00

Caesars Entertainment (NASDAQ:CZR) had its target price cut by Truist Financial from $30.00 to $29.00 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of Caesars Entertainment in a report on Wednesday, January 21st. Wall Street Zen downgraded Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Wells Fargo & Company began coverage on Caesars Entertainment in a report on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price objective on the stock. Stifel Nicolaus cut their price objective on Caesars Entertainment from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.35.

Caesars Entertainment Trading Down 3.0%

NASDAQ:CZR opened at $21.23 on Wednesday. Caesars Entertainment has a 1 year low of $17.86 and a 1 year high of $38.08. The stock has a market cap of $4.32 billion, a P/E ratio of -8.74, a P/E/G ratio of 225.17 and a beta of 2.03. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.76 and a current ratio of 0.80. The stock has a 50-day simple moving average of $22.67 and a 200-day simple moving average of $23.36.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($1.05). Caesars Entertainment had a negative return on equity of 7.97% and a negative net margin of 4.37%.The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CZR. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Caesars Entertainment by 246,899,900.0% during 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 purchasing an additional 4,937,998 shares during the period. Morgan Stanley raised its position in Caesars Entertainment by 121.0% during the fourth 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 raised its position in Caesars Entertainment by 29.8% during the third 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 purchased a new stake in Caesars Entertainment in the 4th quarter worth about $76,050,000. Finally, MUFG Securities EMEA plc acquired a new stake in Caesars Entertainment during the 4th quarter worth about $65,492,000. 91.79% of the stock is owned by institutional investors and hedge funds.

Caesars Entertainment News Roundup

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

• Positive Sentiment: Six analysts reiterated/firmed up bullish ratings, which helped spark a recent rally and shows some investors and sell‑side firms still see upside. MSN: Caesars climbs as analysts firm up bullish ratings
• Positive Sentiment: Traders purchased a large volume of call options, signaling speculative bullish positioning that can amplify upside on positive catalysts or squeeze. American Banking News: Traders purchase large volume of call options
• Positive Sentiment: Recent media coverage highlighted a sharp intraday surge, keeping CZR on investors’ radar and increasing trading interest/volume. Yahoo Finance video: Caesars stock surges
• Neutral Sentiment: A Yahoo piece flagged potential near‑term weakness in Las Vegas unit performance but suggested analysts still see longer‑term upside — a mixed signal that implies near‑term revenue/headwind risks but not a permanent downgrade to the story. Yahoo: Near-term Las Vegas weakness but long-term upside
• Neutral Sentiment: Short‑interest posts in the data feed show 0 shares and NaN changes for mid‑February — this appears to be a data reporting issue rather than meaningful new shorting activity, so it should not be treated as a material signal until corrected.
• Negative Sentiment: Several major broker teams trimmed expectations or cut price targets (Truist cut its target to $29; Barclays lowered its target to $35; Stifel and JPMorgan also reduced expectations). Those moves increase selling pressure and weigh on sentiment. Truist lowers PT to $29 Barclays lowers PT to $35 Stifel lowers expectations JPMorgan lowers expectations
• Negative Sentiment: An institutional manager (Vision One Management) trimmed its stake by about 300,000 shares in Q4, a meaningful sale that can add downward pressure and signal reduced conviction from some shareholders. Fool: Fund slashes stake by 300,000 shares
• Negative Sentiment: Most recent quarterly results (Feb. 17) missed consensus on EPS and showed negative margins — a fundamental disappointment that remains a primary reason analysts and investors are cautious. (Earnings release and estimates are the likely anchor behind the downgrades noted above.)

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.