Chesley Taft & Associates LLC Increases Stock Position in Caesars Entertainment, Inc. (NASDAQ:CZR)

Chesley Taft & Associates LLC grew its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) by 82.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,355 shares of the company's stock after buying an additional 18,263 shares during the period. Chesley Taft & Associates LLC's holdings in Caesars Entertainment were worth $1,009,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Caesars Entertainment by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,364,859 shares of the company's stock worth $780,854,000 after purchasing an additional 100,263 shares during the period. Capital Research Global Investors boosted its position in Caesars Entertainment by 14.8% during the 4th quarter. Capital Research Global Investors now owns 19,811,919 shares of the company's stock worth $662,088,000 after purchasing an additional 2,555,876 shares during the period. Cohen & Steers Inc. boosted its position in Caesars Entertainment by 14.8% during the 4th quarter. Cohen & Steers Inc. now owns 14,581,882 shares of the company's stock worth $487,265,000 after purchasing an additional 1,882,728 shares during the period. Invesco Ltd. boosted its position in Caesars Entertainment by 28.0% during the 4th quarter. Invesco Ltd. now owns 5,553,375 shares of the company's stock worth $185,594,000 after purchasing an additional 1,213,426 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its position in Caesars Entertainment by 41.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,658,694 shares of the company's stock worth $122,274,000 after purchasing an additional 1,065,506 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.

Caesars Entertainment Stock Performance

Shares of Caesars Entertainment stock opened at $25.63 on Friday. The firm has a market cap of $5.33 billion, a PE ratio of -15.35 and a beta of 2.51. The firm's 50-day simple moving average is $26.94 and its 200-day simple moving average is $31.47. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.82 and a current ratio of 0.84. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.35). The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Caesars Entertainment had a negative net margin of 3.20% and a negative return on equity of 4.44%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.73) EPS. Equities analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CZR. Macquarie decreased their price target on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $51.00 to $47.00 in a research report on Thursday, April 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $45.00 price target on shares of Caesars Entertainment in a research report on Wednesday, April 30th. Truist Financial cut their price objective on shares of Caesars Entertainment from $48.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Susquehanna boosted their price objective on shares of Caesars Entertainment from $23.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $43.77.

Caesars Entertainment 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.

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