Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Sells 29,173 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 29,173 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $29.28, for a total transaction of $854,185.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Caesars Entertainment Stock Performance

CZR opened at $29.47 on Thursday. Caesars Entertainment, Inc. has a 52-week low of $17.86 and a 52-week high of $31.58. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25. The company has a market cap of $6.00 billion, a P/E ratio of -12.43 and a beta of 1.77. The firm’s 50-day moving average price is $27.76 and its 200-day moving average price is $25.08.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the company earned ($0.54) EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that Caesars Entertainment, Inc. will post -0.49 EPS for the current fiscal year.

Caesars Entertainment News Roundup

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Caesars promoted an invite-only CZR Exchange VIP event during the Monaco Grand Prix, which could help brand awareness and premium customer engagement. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
• Neutral Sentiment: Earlier insider buying by director Michael E. Pegram in May shows some prior confidence, but it is outweighed by the more recent sales activity.
• Negative Sentiment: Caesars is facing a shareholder-rights investigation from the Schall Law Firm over possible fiduciary-duty issues, adding a legal overhang for investors. CZR Investors Have the Opportunity to Join Investigation of Caesars Entertainment, Inc. with the Schall Law Firm
• Negative Sentiment: Multiple insider sales, including large disposals by Edmund Quatmann, Jr. and director Michael E. Pegram, may weigh on sentiment because they can signal reduced confidence at current levels. Caesars Entertainment (NASDAQ:CZR) Insider Edmund Quatmann, Jr. Sells 81,566 Shares
• Negative Sentiment: A separate investor-rights notice from another law firm about potential federal securities-law violations adds to the litigation risk surrounding CZR. Are CZR, RMAX, TBRG, SILA Obtaining Fair Deals for their Shareholders?

Institutional Investors Weigh In On Caesars Entertainment

Several hedge funds have recently bought and sold shares of CZR. Hantz Financial Services Inc. boosted its position in Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Caesars Entertainment by 456.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after purchasing an additional 918 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares in the last quarter. CoreCap Advisors LLC boosted its position in Caesars Entertainment by 44.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after purchasing an additional 488 shares in the last quarter. Finally, Stance Capital LLC purchased a new stake in Caesars Entertainment in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CZR shares. Wells Fargo & Company increased their price target on shares of Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Texas Capital downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Citizens Jmp increased their price target on shares of Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.80.

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.