Josh Jones Sells 59,507 Shares of Caesars Entertainment (NASDAQ:CZR) Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) CMO Josh Jones sold 59,507 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $29.72, for a total value of $1,768,548.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Caesars Entertainment Price Performance

Caesars Entertainment stock opened at $29.63 on Wednesday. The business’s fifty day moving average is $29.83 and its two-hundred day moving average is $27.23. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.83 and a current ratio of 0.85. The firm has a market cap of $6.04 billion, a P/E ratio of -13.00 and a beta of 1.77. Caesars Entertainment, Inc. has a 52 week low of $17.86 and a 52 week high of $30.88.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.35). The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.98 billion. Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.39) earnings per share. Equities research analysts forecast that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CZR shares. TD Cowen lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a report on Friday, May 29th. Truist Financial lowered Caesars Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the company from $32.00 to $31.00 in a research report on Friday, May 29th. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Finally, Citizens Jmp boosted their target price on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.71.

Institutional Trading of Caesars Entertainment

A number of institutional investors have recently bought and sold shares of CZR. Pictet Asset Management Holding SA grew its stake in Caesars Entertainment by 1.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 31,307 shares of the company’s stock valued at $827,000 after purchasing an additional 363 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Caesars Entertainment by 1.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 52,133 shares of the company’s stock worth $1,220,000 after purchasing an additional 493 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Caesars Entertainment by 3.5% in the 2nd quarter. Corient Private Wealth LLC now owns 16,155 shares of the company’s stock worth $459,000 after buying an additional 549 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Caesars Entertainment by 1.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,008 shares of the company’s stock worth $959,000 after buying an additional 562 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.