Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Has Consensus Price Target of $30.54

Caesars Entertainment, Inc. (NASDAQ:CZR) has received a consensus recommendation of “Reduce” from the eighteen brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $30.54.

A number of equities analysts have recently commented on CZR shares. Weiss Ratings raised shares of Caesars Entertainment from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, October 28th. TD Cowen cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Wednesday, July 29th. Zacks Research downgraded shares of Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, November 2nd. Susquehanna reaffirmed a “neutral” rating on shares of Caesars Entertainment in a report on Monday, October 26th. Finally, Capital One Financial downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd.

Insider Buying and Selling

In related news, CFO Bret Yunker sold 208,134 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $29.62, for a total value of $6,164,929.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Josh Jones sold 59,507 shares of Caesars Entertainment stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $29.72, for a total value of $1,768,548.04. The disclosure for this sale is available in the SEC filing. Insiders sold 322,682 shares of company stock valued at $9,565,403 in the last quarter. 1.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Caesars Entertainment

Large investors have recently made changes to their positions in the stock. Allworth Financial LP acquired a new position in Caesars Entertainment during the second quarter worth $25,000. Versant Capital Management Inc grew its position in shares of Caesars Entertainment by 272.8% in the third quarter. Versant Capital Management Inc now owns 932 shares of the company’s stock valued at $28,000 after purchasing an additional 682 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Caesars Entertainment by 310.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,072 shares of the company’s stock valued at $32,000 after purchasing an additional 811 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $33,000. Finally, Gilpin Wealth Management LLC raised its position in shares of Caesars Entertainment by 3,497.0% during the 3rd quarter. Gilpin Wealth Management LLC now owns 1,187 shares of the company’s stock worth $35,000 after purchasing an additional 1,154 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Caesars Entertainment Stock Down 0.1%

CZR opened at $29.28 on Monday. Caesars Entertainment has a one year low of $17.86 and a one year high of $30.88. The company has a debt-to-equity ratio of 7.15, a quick ratio of 0.80 and a current ratio of 0.82. The stock has a market capitalization of $5.97 billion, a P/E ratio of -11.18 and a beta of 1.90. The business’s 50-day simple moving average is $29.39 and its 200-day simple moving average is $27.83.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, October 27th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.49). The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Caesars Entertainment had a negative return on equity of 9.83% and a negative net margin of 4.55%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.27) EPS. Analysts anticipate that Caesars Entertainment will post -1.28 EPS for the current year.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc. is a gaming and hospitality company that operates casinos, hotels and resorts across the United States. Its properties offer casino gaming, hotel accommodations, restaurants, live entertainment and other leisure amenities. The company also provides online sports betting and iGaming through brands including Caesars Sportsbook and Caesars Palace Online Casino, subject to the regulations in the markets where they operate. The present-day company was formed in 2020, when Eldorado Resorts acquired Caesars Entertainment and adopted the Caesars name.