Analysts Set Caesars Entertainment, Inc. (NASDAQ:CZR) Price Target at $57.36

Shares of Caesars Entertainment, Inc. (NASDAQ:CZR) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $57.36.

CZR has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. Barclays reduced their target price on shares of Caesars Entertainment from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Stifel Nicolaus reduced their target price on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. JMP Securities cut their price objective on shares of Caesars Entertainment from $65.00 to $62.00 and set a “market outperform” rating on the stock in a report on Friday, April 19th. Finally, Susquehanna cut their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st.

Insider Buying and Selling at Caesars Entertainment

In other news, Director Michael E. Pegram acquired 15,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the transaction, the director now directly owns 4,612 shares of the company’s stock, valued at $191,167.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Caesars Entertainment

Several large investors have recently bought and sold shares of the company. Yousif Capital Management LLC grew its position in shares of Caesars Entertainment by 6.4% during the first quarter. Yousif Capital Management LLC now owns 20,127 shares of the company’s stock worth $880,000 after buying an additional 1,217 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Caesars Entertainment by 9.3% during the first quarter. New York State Teachers Retirement System now owns 242,462 shares of the company’s stock worth $10,605,000 after buying an additional 20,704 shares in the last quarter. Villere ST Denis J & Co. LLC grew its position in shares of Caesars Entertainment by 9.6% during the first quarter. Villere ST Denis J & Co. LLC now owns 795,936 shares of the company’s stock worth $34,814,000 after buying an additional 69,390 shares in the last quarter. Osborne Partners Capital Management LLC grew its position in shares of Caesars Entertainment by 9.9% during the first quarter. Osborne Partners Capital Management LLC now owns 253,024 shares of the company’s stock worth $11,067,000 after buying an additional 22,740 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Caesars Entertainment by 13.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 83,996 shares of the company’s stock worth $3,674,000 after buying an additional 9,900 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Price Performance

Shares of NASDAQ CZR opened at $35.82 on Friday. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 9.87 and a beta of 2.81. Caesars Entertainment has a 52 week low of $35.76 and a 52 week high of $60.27. The company’s 50-day moving average price is $41.16 and its 200 day moving average price is $43.29. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a net margin of 6.82% and a return on equity of 4.48%. Caesars Entertainment’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. As a group, research analysts forecast that Caesars Entertainment will post 1.02 earnings per share for the current fiscal year.

Caesars Entertainment Company Profile

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.