Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael E. Pegram Purchases 40,000 Shares

Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) Director Michael E. Pegram purchased 40,000 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the transaction, the director now directly owns 181,697 shares of the company's stock, valued at $6,611,953.83. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Caesars Entertainment Trading Up 0.8 %

CZR stock traded up $0.30 on Tuesday, reaching $36.35. The company's stock had a trading volume of 3,783,559 shares, compared to its average volume of 3,394,046. The business has a fifty day simple moving average of $40.46 and a two-hundred day simple moving average of $43.01. Caesars Entertainment, Inc. has a 12-month low of $35.09 and a 12-month high of $60.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69. The firm has a market cap of $7.87 billion, a PE ratio of 10.30 and a beta of 2.83.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 1.27% and a net margin of 6.68%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the company earned ($0.11) earnings per share. Caesars Entertainment's quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that Caesars Entertainment, Inc. will post 0.23 EPS for the current year.

Analyst Ratings Changes

CZR has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 9th. Wells Fargo & Company reduced their target price on shares of Caesars Entertainment from $67.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, May 1st. Barclays lowered their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Friday, April 19th. JMP Securities reduced their price objective on Caesars Entertainment from $62.00 to $60.00 and set a "market outperform" rating on the stock in a research note on Thursday, May 2nd. Finally, Truist Financial lowered their target price on Caesars Entertainment from $58.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Caesars Entertainment presently has an average rating of "Moderate Buy" and a consensus target price of $53.83.

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. boosted its holdings in Caesars Entertainment by 26.4% in the third quarter. Federated Hermes Inc. now owns 44,384 shares of the company's stock worth $2,057,000 after acquiring an additional 9,270 shares in the last quarter. Choreo LLC lifted its position in Caesars Entertainment by 39.1% in the 4th quarter. Choreo LLC now owns 17,678 shares of the company's stock valued at $829,000 after acquiring an additional 4,970 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Caesars Entertainment by 3.9% during 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 purchasing an additional 77,595 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Caesars Entertainment in the 3rd quarter worth $2,259,000. Finally, Strs Ohio raised its stake in shares of Caesars Entertainment by 33.2% in the fourth quarter. Strs Ohio now owns 676,706 shares of the company's stock worth $31,723,000 after purchasing an additional 168,738 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

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.