Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Has Consensus Target Price of $30.71

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned a consensus recommendation of “Hold” from the nineteen research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.71.

A number of research analysts recently commented on CZR shares. Barclays reaffirmed an “equal weight” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research report on Thursday, July 9th. TD Cowen downgraded Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Wednesday, July 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Caesars Entertainment in a research report on Thursday, August 13th. Capital One Financial lowered Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd.

Insider Buying and Selling at Caesars Entertainment

In related news, CFO Bret Yunker sold 208,134 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $29.62, for a total value of $6,164,929.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Josh Jones sold 59,507 shares of the firm’s 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 322,682 shares of company stock worth $9,565,403. 1.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in Caesars Entertainment by 128.9% during the 3rd quarter. IFP Advisors Inc now owns 2,946 shares of the company’s stock worth $87,000 after acquiring an additional 1,659 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Caesars Entertainment by 26,309.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 113,823 shares of the company’s stock valued at $3,375,000 after acquiring an additional 113,392 shares in the last quarter. Mather Group LLC. raised its stake in shares of Caesars Entertainment by 21,881.2% in the third quarter. Mather Group LLC. now owns 3,517 shares of the company’s stock worth $104,000 after acquiring an additional 3,501 shares during the last quarter. Gilpin Wealth Management LLC raised its stake in shares of Caesars Entertainment by 3,497.0% in the third quarter. Gilpin Wealth Management LLC now owns 1,187 shares of the company’s stock worth $35,000 after acquiring an additional 1,154 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Caesars Entertainment by 104.9% during the third quarter. GAMMA Investing LLC now owns 17,249 shares of the company’s stock worth $511,000 after purchasing an additional 8,832 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Caesars Entertainment Stock Up 0.8%

Shares of Caesars Entertainment stock opened at $29.04 on Thursday. Caesars Entertainment has a 12-month low of $17.86 and a 12-month high of $30.88. The stock’s fifty day moving average is $29.60 and its 200-day moving average is $29.05. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70. The firm has a market capitalization of $5.92 billion, a PE ratio of -12.74 and a beta of 1.85.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.35). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.39) EPS. Equities analysts anticipate that Caesars Entertainment will post -0.90 earnings per share for the current year.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc is a gaming, hospitality and entertainment company that operates casino resorts and related businesses primarily in the United States. Its properties offer casino gaming, hotel accommodations, restaurants, bars, entertainment venues, meeting and convention facilities, and other leisure amenities.

The company operates well-known destinations in Las Vegas, including Caesars Palace, Paris Las Vegas, Planet Hollywood Resort & Casino, and The Cromwell, as well as regional casinos and resorts across several U.S.