Caesars Entertainment's (CZR) "Neutral" Rating Reiterated at JPMorgan Chase & Co.

Key Points

• JPMorgan reiterated a Neutral rating on Caesars Entertainment and lowered its price target to $31 from $35, implying about 6.6% upside from the prior close.
• Other analysts have been mixed on CZR, with recent target changes and ratings leaving the stock at a broader Hold consensus and an average price target of $33.
• Caesars recently reported Q1 earnings below expectations, posting an adjusted EPS loss of $0.48 versus the expected $0.24 loss, while revenue came in slightly ahead of estimates at $2.87 billion.

Caesars Entertainment (NASDAQ:CZR - Get Free Report)'s stock had its "neutral" rating reaffirmed by JPMorgan Chase & Co. in a note issued to investors on Friday,Benzinga reports. They currently have a $31.00 price target on the stock, down from their prior price target of $35.00. JPMorgan Chase & Co.'s target price suggests a potential upside of 6.60% from the company's previous close.

Several other brokerages also recently weighed in on CZR. Wall Street Zen raised shares of Caesars Entertainment from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. Citigroup upped their price target on shares of Caesars Entertainment from $23.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, April 16th. Wells Fargo & Company increased their price objective on shares of Caesars Entertainment from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 29th. Citizens Jmp boosted their target price on Caesars Entertainment from $34.00 to $35.00 and gave the company a "market outperform" rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus decreased their price target on Caesars Entertainment from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Caesars Entertainment has a consensus rating of "Hold" and an average price target of $33.00.

Caesars Entertainment Price Performance

NASDAQ:CZR opened at $29.08 on Friday. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of -12.27 and a beta of 1.77. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83. The business has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $24.49. Caesars Entertainment has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the firm posted ($0.54) EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that Caesars Entertainment will post -0.5 EPS for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company's stock worth $26,000 after acquiring an additional 510 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company's stock valued at $28,000 after purchasing an additional 672 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Caesars Entertainment by 456.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company's stock valued at $26,000 after purchasing an additional 918 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Caesars Entertainment by 44.6% in the 4th 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 period. Finally, Stance Capital LLC bought a new position in shares of Caesars Entertainment during the third quarter valued at approximately $43,000. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment News Roundup

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

• Positive Sentiment: Caesars agreed to be acquired by Fertitta Entertainment for $31 per share in cash, giving investors a clear takeout price and a substantial premium. Reuters: Caesars Entertainment to be bought by Fertitta Entertainment for $17.6 billion
• Positive Sentiment: The all-cash structure reduces deal uncertainty for shareholders and signals that the buyer is willing to assume Caesars’ heavy debt load to close the transaction. WSJ: Caesars to Be Acquired by Fertitta Entertainment in All-Cash Deal
• Neutral Sentiment: Analysts and market commentary suggested the deal could support broader casino industry consolidation, potentially reshaping the competitive landscape for gaming stocks. Proactive Investors: Caesars Entertainment buyout potential catalyst for broader casino consolidation
• Negative Sentiment: Several shareholder law firms have launched investigations into whether Caesars obtained a fair price, highlighting possible legal scrutiny around the transaction. PR Newswire: Shareholder Alert investigation
• Negative Sentiment: Commentary noted Caesars faces ongoing industry challenges, including softer Las Vegas visitation and competition from online gambling, which helps explain why the company was willing to sell. WSJ: With Caesars Deal, Tilman Fertitta Doubles Down on Vegas Comeback

About Caesars Entertainment

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.

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