Caesars Entertainment, Inc. (NASDAQ:CZR) Given Average Rating of “Hold” by Analysts

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have received an average rating of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $32.5333.

CZR has been the subject of several research reports. Truist Financial downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $32.00 to $31.00 in a research report on Friday, May 29th. Zacks Research downgraded shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Morgan Stanley raised their price objective on shares of Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Citigroup lifted their price objective on shares of Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Susquehanna raised shares of Caesars Entertainment from a “positive” rating to a “positive” rating in a research report on Friday, May 29th.

Insider Buying and Selling

In other Caesars Entertainment news, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total transaction of $2,393,962.10. Following the completion of the sale, the insider directly owned 18,263 shares of the company’s stock, valued at approximately $536,019.05. The trade was a 81.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Pegram sold 16,897 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $29.46, for a total value of $497,785.62. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 293,463 shares of company stock valued at $8,609,241 over the last three months. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Caesars Entertainment

Several large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Caesars Entertainment by 456.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock worth $26,000 after acquiring an additional 918 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares during the last quarter. CoreCap Advisors LLC grew 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. Hantz Financial Services Inc. grew its position in Caesars Entertainment by 87.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after purchasing an additional 846 shares in the last quarter. Finally, Stance Capital LLC purchased a new stake in Caesars Entertainment in the 3rd quarter valued at about $43,000. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Trading Down 0.1%

Shares of Caesars Entertainment stock traded down $0.03 on Tuesday, hitting $30.11. 194,822 shares of the company’s stock traded hands, compared to its average volume of 6,290,033. The company has a fifty day moving average of $28.76 and a two-hundred day moving average of $25.92. Caesars Entertainment has a one year low of $17.86 and a one year high of $31.58. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of -12.71 and a beta of 1.76. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share 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 during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the firm earned ($0.54) EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Caesars Entertainment will post -0.49 earnings per share for the current year.

Caesars Entertainment Company Profile

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.