Caesars Entertainment, Inc. (NASDAQ:CZR) Receives Average Recommendation of “Hold” from Brokerages

Posted by Defense World Staff on Jun 8th, 2023

Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) has received a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $66.54.

Several brokerages recently commented on CZR. Deutsche Bank Aktiengesellschaft dropped their target price on Caesars Entertainment from $70.00 to $68.00 in a report on Wednesday, May 3rd. B. Riley raised their target price on Caesars Entertainment from $102.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 21st. Morgan Stanley raised their target price on Caesars Entertainment from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, March 1st. Barclays lifted their price objective on Caesars Entertainment from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, February 22nd. Finally, Susquehanna upgraded Caesars Entertainment from a “negative” rating to a “neutral” rating and boosted their price target for the company from $27.00 to $39.00 in a report on Thursday, May 25th.

Caesars Entertainment Stock Performance

NASDAQ CZR opened at $48.61 on Thursday. The firm has a market capitalization of $10.46 billion, a P/E ratio of -29.28 and a beta of 2.89. Caesars Entertainment has a 1-year low of $31.31 and a 1-year high of $56.75. The company has a debt-to-equity ratio of 7.03, a current ratio of 0.85 and a quick ratio of 0.82. The business’s 50-day simple moving average is $44.40 and its 200-day simple moving average is $47.04.

Insider Activity at Caesars Entertainment

In other news, Director Michael E. Pegram bought 25,000 shares of the stock in a transaction on Friday, May 5th. The shares were purchased at an average price of $45.02 per share, for a total transaction of $1,125,500.00. Following the completion of the purchase, the director now directly owns 121,697 shares of the company’s stock, valued at approximately $5,478,798.94. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.64% of the stock is owned by insiders.

Institutional Trading of Caesars Entertainment

Several large investors have recently made changes to their positions in CZR. Utah Retirement Systems boosted its stake in Caesars Entertainment by 0.6% during the 3rd quarter. Utah Retirement Systems now owns 36,500 shares of the company’s stock valued at $1,178,000 after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System raised its holdings in Caesars Entertainment by 1.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock valued at $578,000 after acquiring an additional 200 shares in the last quarter. Soros Capital Management LLC raised its holdings in Caesars Entertainment by 0.4% in the 4th quarter. Soros Capital Management LLC now owns 47,164 shares of the company’s stock valued at $1,962,000 after acquiring an additional 200 shares in the last quarter. Czech National Bank raised its holdings in Caesars Entertainment by 0.9% in the 4th quarter. Czech National Bank now owns 25,115 shares of the company’s stock valued at $1,045,000 after acquiring an additional 213 shares in the last quarter. Finally, CWM LLC grew its position in Caesars Entertainment by 5.8% during the 4th quarter. CWM LLC now owns 4,017 shares of the company’s stock worth $167,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 93.88% of the company’s stock.

Caesars Entertainment Company Profile

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Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 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 sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno.