Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael E. Pegram Purchases 15,000 Shares

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael E. Pegram purchased 15,000 shares of Caesars Entertainment stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $41.90 per share, with a total value of $628,500.00. Following the acquisition, the director now owns 136,697 shares in the company, valued at approximately $5,727,604.30. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Caesars Entertainment Stock Down 2.9 %

NASDAQ:CZR opened at $42.05 on Tuesday. The company has a market cap of $9.07 billion, a PE ratio of 12.86 and a beta of 2.91. Caesars Entertainment, Inc. has a twelve month low of $38.33 and a twelve month high of $60.27. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 2.58. The company’s 50 day moving average is $45.65 and its two-hundred day moving average is $48.45.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.07. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. Caesars Entertainment had a net margin of 6.16% and a return on equity of 5.94%. Caesars Entertainment’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Analysts anticipate that Caesars Entertainment, Inc. will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CZR shares. Morgan Stanley reduced their price target on shares of Caesars Entertainment from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday. TheStreet upgraded shares of Caesars Entertainment from a “d” rating to a “c-” rating in a report on Friday, August 4th. StockNews.com lowered shares of Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Barclays reduced their price target on shares of Caesars Entertainment from $75.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Finally, Capital One Financial began coverage on shares of Caesars Entertainment in a research report on Thursday, October 12th. They issued an “equal weight” rating and a $51.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.64.

Institutional Trading of Caesars Entertainment

Large investors have recently bought and sold shares of the stock. Aspire Private Capital LLC grew its position in Caesars Entertainment by 172.8% during the 4th quarter. Aspire Private Capital LLC now owns 401 shares of the company’s stock worth $16,681,600,000 after purchasing an additional 254 shares during the last quarter. PSI Advisors LLC purchased a new stake in shares of Caesars Entertainment in the 2nd quarter valued at $35,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Caesars Entertainment in the 3rd quarter valued at $32,000. Garda Capital Partners LP purchased a new stake in shares of Caesars Entertainment in the 1st quarter valued at $37,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Caesars Entertainment in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 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 sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.