Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $57.36.

CZR has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of Caesars Entertainment from $62.00 to $58.00 and set a "buy" rating for the company in a report on Tuesday, April 23rd. Susquehanna cut 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. StockNews.com cut Caesars Entertainment from a "buy" rating to a "hold" rating in a report on Monday, January 1st. JMP Securities reduced their price target on shares of Caesars Entertainment from $65.00 to $62.00 and set a "market outperform" rating on the stock in a research report on Friday, April 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $72.00 to $68.00 and set an "overweight" rating for the company in a research note on Wednesday, February 21st.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR traded down $1.43 during trading on Friday, reaching $36.61. The company had a trading volume of 6,268,493 shares, compared to its average volume of 2,895,278. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. Caesars Entertainment has a twelve month low of $36.34 and a twelve month high of $60.27. The stock has a 50-day moving average price of $41.26 and a two-hundred day moving average price of $43.34. The stock has a market capitalization of $7.92 billion, a PE ratio of 10.09 and a beta of 2.81.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.31). The firm had revenue of $2.83 billion for the quarter, compared to analysts' expectations of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. As a group, sell-side analysts predict that Caesars Entertainment will post 1.02 earnings per share for the current year.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram bought 15,000 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $41.45 per share, with a total value of $621,750.00. Following the completion of the acquisition, the director now owns 4,612 shares of the company's stock, valued at $191,167.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Caesars Entertainment

Several large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. increased its stake in shares of Caesars Entertainment by 26.4% in the third quarter. Federated Hermes Inc. now owns 44,384 shares of the company's stock valued at $2,057,000 after purchasing an additional 9,270 shares during the period. Charles Schwab Investment Management Inc. increased its position in Caesars Entertainment by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company's stock valued at $95,144,000 after acquiring an additional 77,595 shares during the period. GSA Capital Partners LLP bought a new stake in Caesars Entertainment during the 3rd quarter valued at $2,259,000. Strs Ohio boosted its position in Caesars Entertainment by 33.2% during the 4th quarter. Strs Ohio now owns 676,706 shares of the company's stock worth $31,723,000 after acquiring an additional 168,738 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Caesars Entertainment by 1,029.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 255,925 shares of the company's stock worth $11,998,000 after purchasing an additional 233,271 shares in the last quarter. 91.79% of the stock is owned by institutional investors and hedge funds.

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.