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

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.5333.

A number of brokerages have recently commented on CZR. Citizens Jmp boosted their price objective on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research report on Friday, May 29th. Citigroup boosted their price objective on Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Finally, Morgan Stanley boosted their target price on Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th.

Insider Activity at Caesars Entertainment

In related news, Director Michael E. Pegram sold 16,897 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $29.46, for a total transaction of $497,785.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total value of $2,393,962.10. Following the sale, the insider owned 18,263 shares of the company’s stock, valued at approximately $536,019.05. The trade was a 81.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 293,463 shares of company stock valued at $8,609,241. 1.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its stake in Caesars Entertainment by 110.6% during the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in 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 purchasing an additional 918 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Caesars Entertainment by 44.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after purchasing an additional 488 shares during the last quarter. Finally, Stance Capital LLC purchased a new stake in Caesars Entertainment in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $29.31 on Friday. Caesars Entertainment has a one year low of $17.86 and a one year high of $31.58. The company has a market cap of $5.97 billion, a PE ratio of -12.37 and a beta of 1.77. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. The business has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $25.29.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data 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 return on equity of 7.88% and a negative net margin of 4.19%.The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the firm posted ($0.54) earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Caesars Entertainment will post -0.49 EPS for the current fiscal 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.