Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Buys 2,500 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram purchased 2,500 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $42.80 per share, for a total transaction of $107,000.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company’s stock, valued at approximately $535,000. This trade represents a 25.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Caesars Entertainment Stock Up 0.1%

CZR opened at $29.47 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. Caesars Entertainment, Inc. has a 1-year low of $17.86 and a 1-year high of $31.58. The company has a market capitalization of $6.00 billion, a PE ratio of -12.43 and a beta of 1.77. The firm’s 50 day simple moving average is $27.76 and its two-hundred day simple moving average is $25.08.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the business posted ($0.54) earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

Caesars Entertainment News Roundup

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Caesars promoted an invite-only CZR Exchange VIP event during the Monaco Grand Prix, which could help brand awareness and premium customer engagement. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
• Neutral Sentiment: Earlier insider buying by director Michael E. Pegram in May shows some prior confidence, but it is outweighed by the more recent sales activity.
• Negative Sentiment: Caesars is facing a shareholder-rights investigation from the Schall Law Firm over possible fiduciary-duty issues, adding a legal overhang for investors. CZR Investors Have the Opportunity to Join Investigation of Caesars Entertainment, Inc. with the Schall Law Firm
• Negative Sentiment: Multiple insider sales, including large disposals by Edmund Quatmann, Jr. and director Michael E. Pegram, may weigh on sentiment because they can signal reduced confidence at current levels. Caesars Entertainment (NASDAQ:CZR) Insider Edmund Quatmann, Jr. Sells 81,566 Shares
• Negative Sentiment: A separate investor-rights notice from another law firm about potential federal securities-law violations adds to the litigation risk surrounding CZR. Are CZR, RMAX, TBRG, SILA Obtaining Fair Deals for their Shareholders?

Analysts Set New Price Targets

Several research firms have weighed in on CZR. Truist Financial downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and decreased their price target for the stock from $32.00 to $31.00 in a research report on Friday, May 29th. Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Citigroup increased their price target on shares of Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Jefferies Financial Group increased their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 price objective (down from $35.00) on shares of Caesars Entertainment in a research report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Caesars Entertainment currently has a consensus rating of “Hold” and an average target price of $32.80.

Institutional Trading of Caesars Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. ING Groep NV raised its position in shares of Caesars Entertainment by 80.2% during the 3rd quarter. ING Groep NV now owns 599,854 shares of the company’s stock valued at $16,211,000 after purchasing an additional 266,917 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Caesars Entertainment by 317.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock valued at $76,589,000 after purchasing an additional 2,490,924 shares during the period. Capital World Investors increased its holdings in Caesars Entertainment by 29.8% in the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock valued at $437,622,000 after acquiring an additional 3,716,148 shares during the last quarter. SG Americas Securities LLC increased its holdings in Caesars Entertainment by 61.9% in the 4th quarter. SG Americas Securities LLC now owns 1,097,763 shares of the company’s stock valued at $25,677,000 after acquiring an additional 419,617 shares during the last quarter. Finally, HighVista Strategies LLC bought a new stake in Caesars Entertainment in the 3rd quarter valued at $1,162,000. 91.79% of the stock is currently owned by institutional investors.

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.