Caesars Entertainment (NASDAQ:CZR) Sets New 1-Year Low at $37.87

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $37.87 and last traded at $37.98, with a volume of 235246 shares changing hands. The stock had previously closed at $38.52.

Analysts Set New Price Targets

Several research firms have issued reports on CZR. Susquehanna dropped their target price on Caesars Entertainment from $49.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 21st. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, February 21st. Stifel Nicolaus reduced their price objective on Caesars Entertainment from $70.00 to $67.00 and set a "buy" rating on the stock in a research note on Thursday, January 18th. Barclays reduced their price objective on Caesars Entertainment from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, January 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.18.

Caesars Entertainment Stock Down 1.4 %

The company has a market cap of $8.22 billion, a P/E ratio of 10.46 and a beta of 2.81. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74. The company's 50-day moving average is $41.88 and its two-hundred day moving average is $43.66.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. Caesars Entertainment's revenue was up .1% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. As a group, equities analysts predict that Caesars Entertainment, Inc. will post 1.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael E. Pegram bought 15,000 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $41.45 per share, with a total value of $621,750.00. Following the transaction, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Caesars Entertainment

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Caesars Entertainment by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,559,890 shares of the company's stock valued at $1,104,488,000 after buying an additional 148,034 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Caesars Entertainment by 3.9% during the 1st quarter. BlackRock Inc. now owns 18,038,618 shares of the company's stock valued at $880,465,000 after purchasing an additional 676,512 shares during the last quarter. Capital World Investors boosted its holdings in shares of Caesars Entertainment by 9.1% during the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company's stock valued at $516,826,000 after purchasing an additional 916,282 shares during the last quarter. Point Break Capital Management LLC boosted its holdings in shares of Caesars Entertainment by 10.3% during the 1st quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company's stock valued at $821,396,000 after purchasing an additional 987,230 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Caesars Entertainment by 4.4% during the 2nd quarter. State Street Corp now owns 7,883,415 shares of the company's stock valued at $401,818,000 after purchasing an additional 329,604 shares during the last quarter. Institutional investors own 91.79% of the company's stock.

Caesars Entertainment Company 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.