Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Caesars Entertainment, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $42.33.
• The company reported quarterly revenue of $2.91 billion but missed earnings per share estimates, posting ($0.39) EPS compared to the expected $0.07.
• Institutional investors have significantly increased their holdings in Caesars Entertainment, with ownership now at 91.79% of the company's stock.

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eighteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $42.3333.

Several brokerages have issued reports on CZR. Zacks Research raised shares of Caesars Entertainment from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Citigroup reaffirmed a "market outperform" rating on shares of Caesars Entertainment in a report on Friday, July 18th. JMP Securities reduced their price target on shares of Caesars Entertainment from $43.00 to $41.00 and set a "market outperform" rating on the stock in a report on Tuesday, September 16th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Caesars Entertainment in a report on Saturday, September 27th. Finally, Truist Financial reduced their price target on shares of Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th.

Caesars Entertainment Stock Up 1.4%

CZR stock opened at $27.27 on Friday. The company has a market cap of $5.67 billion, a P/E ratio of -29.64 and a beta of 2.38. Caesars Entertainment has a 52 week low of $21.40 and a 52 week high of $45.93. The company's 50-day moving average price is $26.04 and its 200 day moving average price is $27.11. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.85 billion. During the same period in the prior year, the firm posted ($0.56) EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts expect that Caesars Entertainment will post -0.77 earnings per share for the current fiscal year.

Institutional Trading of Caesars Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the business. JFS Wealth Advisors LLC raised its position in shares of Caesars Entertainment by 508.5% in the second quarter. JFS Wealth Advisors LLC now owns 864 shares of the company's stock valued at $25,000 after buying an additional 722 shares during the last quarter. Mather Group LLC. raised its position in shares of Caesars Entertainment by 64.4% in the first quarter. Mather Group LLC. now owns 1,034 shares of the company's stock valued at $26,000 after buying an additional 405 shares during the last quarter. UMB Bank n.a. raised its position in shares of Caesars Entertainment by 52.0% in the second quarter. UMB Bank n.a. now owns 1,049 shares of the company's stock valued at $30,000 after buying an additional 359 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company's stock valued at $32,000 after buying an additional 711 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Caesars Entertainment by 69.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the company's stock valued at $33,000 after buying an additional 478 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock.

About Caesars Entertainment

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.

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