Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Rating of “Moderate Buy” from Brokerages

Caesars Entertainment, Inc. (NASDAQ:CZR) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $57.36.

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com downgraded Caesars Entertainment from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Barclays reduced their target price on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft reduced their target price on Caesars Entertainment from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Finally, Truist Financial reduced their target price on Caesars Entertainment from $62.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd.

Caesars Entertainment Stock Down 3.8 %

NASDAQ CZR opened at $36.61 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. The stock’s 50 day moving average is $41.26 and its two-hundred day moving average is $43.38. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 10.09 and a beta of 2.81. Caesars Entertainment has a 1-year low of $36.34 and a 1-year high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. Equities analysts forecast that Caesars Entertainment will post 1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael E. Pegram acquired 15,000 shares of Caesars Entertainment stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the acquisition, the director now owns 4,612 shares in the company, valued at $191,167.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Caesars Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in CZR. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Caesars Entertainment during the 3rd quarter valued at $32,000. Altshuler Shaham Ltd bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at $45,000. Principal Securities Inc. bought a new stake in shares of Caesars Entertainment during the 4th quarter valued at $46,000. Mather Group LLC. bought a new stake in shares of Caesars Entertainment during the 1st quarter valued at $53,000. Finally, TFO Wealth Partners LLC raised its position in shares of Caesars Entertainment by 22,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after acquiring an additional 1,146 shares during the last quarter. Institutional investors own 91.79% of the company’s stock.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 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 retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.