14,520 Shares in Caesars Entertainment, Inc. (NASDAQ:CZR) Bought by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC has acquired 14,520 shares of Caesars Entertainment, Inc. valued at approximately $363,000 during the first quarter.
• Multiple institutional investors have significantly increased their holdings in Caesars, with DAVENPORT & Co LLC raising its stake by over 1,051% in the same period.
• Wall Street analysts have varied ratings on Caesars' stock, with Goldman Sachs setting a "buy" rating and a target price of **$36.00**, while others have adjusted prices downwards, indicating a mixed outlook.

Fiduciary Family Office LLC bought a new stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,520 shares of the company's stock, valued at approximately $363,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Caesars Entertainment by 0.8% during the first quarter. Vanguard Group Inc. now owns 23,548,822 shares of the company's stock valued at $588,721,000 after buying an additional 183,963 shares during the last quarter. Capital Research Global Investors grew its stake in Caesars Entertainment by 14.8% in the fourth 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 in the last quarter. Cohen & Steers Inc. grew its stake in Caesars Entertainment by 14.8% in the fourth 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 in the last quarter. Invesco Ltd. grew its stake in Caesars Entertainment by 28.0% in the fourth 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 in the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in Caesars Entertainment by 41.1% in the fourth 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 in the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Stock Down 0.2%

Shares of CZR traded down $0.04 during midday trading on Monday, hitting $24.00. 6,020,107 shares of the company's stock traded hands, compared to its average volume of 6,396,339. Caesars Entertainment, Inc. has a 1 year low of $21.40 and a 1 year high of $45.93. The firm's fifty day moving average is $28.04 and its 200-day moving average is $29.12. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of -26.09 and a beta of 2.40.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on CZR shares. JMP Securities dropped their price objective on Caesars Entertainment from $45.00 to $43.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 30th. Barclays dropped their price objective on Caesars Entertainment from $45.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Cfra reissued a "hold" rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research note on Friday, July 11th. Truist Financial dropped their price objective on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on Caesars Entertainment in a research note on Monday, July 7th. They issued a "buy" rating and a $36.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Caesars Entertainment currently has an average rating of "Moderate Buy" and a consensus target price of $42.47.

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.