Caesars Entertainment (NASDAQ:CZR) Hits New 52-Week Low at $37.34

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report)'s share price hit a new 52-week low on Thursday . The stock traded as low as $37.34 and last traded at $37.92, with a volume of 577096 shares. The stock had previously closed at $38.48.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CZR. StockNews.com cut Caesars Entertainment from a "buy" rating to a "hold" rating in a report on Monday, January 1st. Morgan Stanley boosted their target price on Caesars Entertainment from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. JMP Securities lowered their target price on Caesars Entertainment from $65.00 to $62.00 and set a "market outperform" rating on the stock in a report on Friday, April 19th. Stifel Nicolaus decreased their price objective on Caesars Entertainment from $70.00 to $67.00 and set a "buy" rating on the stock in a report on Thursday, January 18th. Finally, Susquehanna decreased their price objective on Caesars Entertainment from $49.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.36.

Caesars Entertainment Stock Down 1.1 %

The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 10.35 and a beta of 2.81. The business has a 50 day simple moving average of $41.48 and a 200 day simple moving average of $43.47. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The business had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company 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.

Insider Activity at Caesars Entertainment

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

Hedge Funds Weigh In On Caesars Entertainment

Several large investors have recently bought and sold shares of CZR. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Caesars Entertainment during the third quarter worth about $32,000. Altshuler Shaham Ltd acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth about $45,000. Principal Securities Inc. acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth about $46,000. Mather Group LLC. acquired a new stake in shares of Caesars Entertainment during the first quarter worth about $53,000. Finally, TFO Wealth Partners LLC boosted its stake in shares of Caesars Entertainment by 22,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company's stock worth $54,000 after buying an additional 1,146 shares during the period. Institutional investors and hedge funds 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.