Caesars Entertainment (NASDAQ:CZR) Price Target Cut to $54.00 by Analysts at Stifel Nicolaus

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by Stifel Nicolaus from $67.00 to $54.00 in a research report sent to investors on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Truist Financial decreased their target price on shares of Caesars Entertainment from $58.00 to $52.00 and set a buy rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Caesars Entertainment from $62.00 to $59.00 and set a buy rating on the stock in a report on Friday, April 12th. Morgan Stanley boosted their price objective on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an equal weight rating in a research note on Tuesday, April 9th. Susquehanna cut their target price on Caesars Entertainment from $49.00 to $44.00 and set a neutral rating on the stock in a research report on Wednesday, February 21st. Finally, Wells Fargo & Company reduced their target price on Caesars Entertainment from $72.00 to $68.00 and set an overweight rating on the stock in a report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $53.83.

Caesars Entertainment Trading Up 0.5 %

Shares of CZR opened at $35.33 on Wednesday. Caesars Entertainment has a fifty-two week low of $35.09 and a fifty-two week high of $60.27. The company has a market capitalization of $7.65 billion, a PE ratio of 10.01 and a beta of 2.83. The stock has a fifty day moving average of $40.67 and a two-hundred day moving average of $43.09. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.74 and a current ratio of 0.69.

Caesars Entertainment (NASDAQ:CZR) last released its earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts forecast that Caesars Entertainment will post 1.02 EPS for the current year.

Insider Activity at Caesars Entertainment

In other news, Director Michael E. Pegram bought 15,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $41.45 per share, with a total value of $621,750.00. Following the completion of the transaction, the director now owns 4,612 shares in the company, valued at approximately $191,167.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Caesars Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of CZR. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Caesars Entertainment in the third quarter valued at about $32,000. Altshuler Shaham Ltd purchased a new position in shares of Caesars Entertainment during the 4th quarter valued at approximately $45,000. Principal Securities Inc. acquired a new stake in shares of Caesars Entertainment during the fourth quarter worth approximately $46,000. Mather Group LLC. bought a new stake in shares of Caesars Entertainment in the first quarter worth $53,000. Finally, TFO Wealth Partners LLC raised its holdings in Caesars Entertainment by 22,920.0% in the fourth 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 in the last quarter. 91.79% of the stock is owned by hedge funds and other institutional investors.

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.