Analysts Set Caesars Entertainment, Inc. (NASDAQ:CZR) Price Target at $55.07

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have earned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $55.07.

CZR has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Caesars Entertainment from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. B. Riley initiated coverage on Caesars Entertainment in a research report on Thursday, May 9th. They issued a “buy” rating and a $70.00 price objective on the stock. Stifel Nicolaus cut their price objective on Caesars Entertainment from $67.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Susquehanna cut their price objective 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, Barclays lowered their target price on Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, April 19th.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $37.42 on Monday. The company has a market cap of $8.10 billion, a P/E ratio of 10.60 and a beta of 2.89. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69. The business’s 50 day moving average price is $36.49 and its 200-day moving average price is $41.31. Caesars Entertainment has a fifty-two week low of $31.74 and a fifty-two week high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.52). The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. Sell-side analysts predict that Caesars Entertainment will post 0.23 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael E. Pegram acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $31.96 per share, for a total transaction of $319,600.00. Following the purchase, the director now directly owns 191,697 shares of the company’s stock, valued at approximately $6,126,636.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Michael E. Pegram acquired 40,000 shares of Caesars Entertainment stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $36.39 per share, for a total transaction of $1,455,600.00. Following the completion of the transaction, the director now owns 181,697 shares in the company, valued at approximately $6,611,953.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Pegram acquired 10,000 shares of Caesars Entertainment stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average price of $31.96 per share, for a total transaction of $319,600.00. Following the transaction, the director now owns 191,697 shares of the company’s stock, valued at approximately $6,126,636.12. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd acquired a new position in Caesars Entertainment during the 4th quarter worth $45,000. Principal Securities Inc. acquired a new position in Caesars Entertainment during the 4th quarter worth $46,000. Mather Group LLC. acquired a new position in Caesars Entertainment during the 1st quarter worth $53,000. TFO Wealth Partners LLC grew its stake in Caesars Entertainment by 22,920.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock worth $54,000 after purchasing an additional 1,146 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Caesars Entertainment during the 4th quarter worth about $93,000. Hedge funds and other 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.