Investment Analysts’ Recent Ratings Updates for Caesars Entertainment (CZR)

A number of research firms have changed their ratings and price targets for Caesars Entertainment (NASDAQ: CZR):

• 4/23/2024 – Caesars Entertainment had its price target lowered by analysts at Truist Financial Co. from $62.00 to $58.00. They now have a “buy” rating on the stock.
• 4/19/2024 – Caesars Entertainment had its price target lowered by analysts at Barclays PLC from $65.00 to $63.00. They now have an “overweight” rating on the stock.
• 4/19/2024 – Caesars Entertainment had its price target lowered by analysts at JMP Securities from $65.00 to $62.00. They now have a “market outperform” rating on the stock.
• 4/12/2024 – Caesars Entertainment had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $62.00 to $59.00. They now have a “buy” rating on the stock.
• 4/9/2024 – Caesars Entertainment had its price target raised by analysts at Morgan Stanley from $44.00 to $45.00. They now have an “equal weight” rating on the stock.

Caesars Entertainment Stock Down 4.7 %

NASDAQ CZR traded down $1.75 during trading hours on Tuesday, hitting $35.82. The company had a trading volume of 7,131,589 shares, compared to its average volume of 3,262,511. The firm’s 50 day moving average is $41.16 and its 200 day moving average is $43.29. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 9.87 and a beta of 2.81. Caesars Entertainment, Inc. has a fifty-two week low of $35.76 and a fifty-two week high of $60.27. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.74.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. The firm 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 business posted ($0.11) earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Caesars Entertainment, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Activity

In other Caesars Entertainment news, Director Michael E. Pegram purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, with a total value of $621,750.00. Following the completion of the acquisition, the director now directly owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Caesars Entertainment in the 4th quarter valued at about $102,213,000. AQR Capital Management LLC boosted its position in Caesars Entertainment by 938.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,043,044 shares of the company’s stock worth $48,345,000 after acquiring an additional 942,621 shares during the last quarter. Capital World Investors grew its stake in shares of Caesars Entertainment by 9.1% during the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock worth $516,826,000 after acquiring an additional 916,282 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Caesars Entertainment by 481.7% in the third quarter. Qube Research & Technologies Ltd now owns 908,030 shares of the company’s stock valued at $42,087,000 after purchasing an additional 751,938 shares during the last quarter. Finally, Blackstone Inc. acquired a new position in Caesars Entertainment during the third quarter worth $34,762,000. 91.79% of the stock is owned by institutional investors.

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.