Brokerages Set Caesars Entertainment, Inc. (NASDAQ:CZR) PT at $34.61

Caesars Entertainment, Inc. (NASDAQ:CZR) has received an average rating of “Moderate Buy” from the twenty analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $34.6111.

CZR has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on Caesars Entertainment from $43.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. The Goldman Sachs Group lowered Caesars Entertainment from a “buy” rating to a “neutral” rating and dropped their target price for the company from $25.00 to $24.00 in a research report on Monday, December 15th. Truist Financial reduced their price target on shares of Caesars Entertainment from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Wall Street Zen cut shares of Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Macquarie Infrastructure cut their price objective on shares of Caesars Entertainment from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th.

Caesars Entertainment Stock Down 4.4%

NASDAQ:CZR opened at $19.84 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 6.23. Caesars Entertainment has a twelve month low of $18.25 and a twelve month high of $40.00. The company has a market cap of $4.05 billion, a PE ratio of -17.25, a P/E/G ratio of 5.63 and a beta of 2.03. The company’s 50 day moving average is $23.20 and its two-hundred day moving average is $23.70.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Caesars Entertainment in the second quarter valued at approximately $592,000. Principal Financial Group Inc. raised its stake in Caesars Entertainment by 56.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,700,389 shares of the company’s stock valued at $45,953,000 after purchasing an additional 612,837 shares during the last quarter. LDR Capital Management LLC purchased a new position in Caesars Entertainment in the 3rd quarter valued at $1,172,000. Villere ST Denis J & Co. LLC boosted its stake in Caesars Entertainment by 31.6% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 1,038,870 shares of the company’s stock worth $28,075,000 after purchasing an additional 249,603 shares during the last quarter. Finally, Blackhawk Capital Partners LLC purchased a new stake in shares of Caesars Entertainment during the third quarter worth $1,412,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.

The company traces its lineage to the founding of Harrah’s by William F.