Caesars Entertainment (NASDAQ:CZR) PT Lowered to $60.00 at JMP Securities

Caesars Entertainment (NASDAQ:CZR - Free Report) had its price objective reduced by JMP Securities from $62.00 to $60.00 in a research report released on Thursday morning, Benzinga reports. They currently have a market outperform rating on the stock.

Other analysts have also recently issued reports about the company. Morgan Stanley boosted their price target on Caesars Entertainment from $44.00 to $45.00 and gave the stock an equal weight rating in a research report on Tuesday, April 9th. Barclays dropped their price target on Caesars Entertainment from $65.00 to $63.00 and set an overweight rating on the stock in a research report on Friday, April 19th. Wells Fargo & Company dropped their price target on Caesars Entertainment from $67.00 to $54.00 and set an overweight rating on the stock in a research report on Wednesday. Truist Financial dropped their price target on Caesars Entertainment from $58.00 to $52.00 and set a buy rating on the stock in a research report on Wednesday. Finally, Susquehanna lowered their price objective 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Caesars Entertainment currently has an average rating of Moderate Buy and a consensus target price of $53.83.

Caesars Entertainment Stock Down 3.4 %

Caesars Entertainment stock traded down $1.24 during trading hours on Thursday, hitting $35.14. 5,516,035 shares of the stock traded hands, compared to its average volume of 3,389,306. The firm's 50-day moving average price is $40.92 and its two-hundred day moving average price is $43.20. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. The company has a market cap of $7.60 billion, a PE ratio of 10.09 and a beta of 2.83. Caesars Entertainment has a one year low of $35.09 and a one year high of $60.27.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data 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). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.26%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm posted ($0.11) earnings per share. The business's revenue was up .1% compared to the same quarter last year. On average, research analysts forecast that Caesars Entertainment will post 1.02 EPS for the current year.

Insider Buying and Selling at Caesars Entertainment

In related news, Director Michael E. Pegram bought 15,000 shares of the firm's 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 purchase, the director now owns 4,612 shares in the company, valued at $191,167.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Caesars Entertainment

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Caesars Entertainment in the 4th quarter worth $102,213,000. AQR Capital Management LLC increased its stake in shares of Caesars Entertainment by 938.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,043,044 shares of the company's stock worth $48,345,000 after purchasing an additional 942,621 shares in the last quarter. Capital World Investors increased its stake in shares of Caesars Entertainment by 9.1% in the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company's stock worth $516,826,000 after purchasing an additional 916,282 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Caesars Entertainment by 481.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 908,030 shares of the company's stock worth $42,087,000 after purchasing an additional 751,938 shares in the last quarter. Finally, Blackstone Inc. purchased a new stake in shares of Caesars Entertainment in the 3rd quarter worth $34,762,000. 91.79% of the stock is currently owned by hedge funds and other 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.