Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $58.00 at Truist Financial

Caesars Entertainment (NASDAQ:CZR - Free Report) had its price target reduced by Truist Financial from $62.00 to $58.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their target price on shares of Caesars Entertainment from $72.00 to $68.00 and set an overweight rating on the stock in a report on Wednesday, February 21st. StockNews.com cut shares of Caesars Entertainment from a buy rating to a hold rating in a report on Monday, January 1st. JPMorgan Chase & Co. lowered their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an overweight rating on the stock in a report on Tuesday, January 9th. Morgan Stanley increased their price target on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an equal weight rating in a report on Tuesday, April 9th. Finally, Barclays lowered their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an overweight rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $57.36.

Caesars Entertainment Trading Up 1.8 %

CZR stock traded up $0.70 during trading on Tuesday, hitting $39.12. The company had a trading volume of 1,975,395 shares, compared to its average volume of 3,158,576. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 2.59. The firm has a 50-day moving average price of $41.56 and a 200-day moving average price of $43.51. Caesars Entertainment has a 12 month low of $37.71 and a 12 month high of $60.27. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 10.78 and a beta of 2.81.

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 (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the firm earned ($0.11) EPS. Caesars Entertainment's quarterly revenue was up .1% on a year-over-year basis. As a group, analysts predict that Caesars Entertainment will post 1.07 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael E. Pegram purchased 15,000 shares of Caesars Entertainment stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the acquisition, the director now owns 4,612 shares of the company's stock, valued at approximately $191,167.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CZR. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Caesars Entertainment during the third quarter worth about $32,000. Altshuler Shaham Ltd bought a new stake in Caesars Entertainment in the fourth quarter worth about $45,000. Principal Securities Inc. bought a new stake in Caesars Entertainment in the fourth quarter worth about $46,000. Mather Group LLC. bought a new stake in Caesars Entertainment in the first quarter worth about $53,000. Finally, TFO Wealth Partners LLC raised its position in Caesars Entertainment by 22,920.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company's stock worth $54,000 after acquiring an additional 1,146 shares during the period. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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.