Caesars Entertainment (NASDAQ:CZR) Given New $63.00 Price Target at Barclays

Caesars Entertainment (NASDAQ:CZR) had its price objective cut by Barclays from $65.00 to $63.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an overweight rating on the stock.

CZR has been the topic of several other reports. JPMorgan Chase & Co. cut their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an overweight rating on the stock in a report on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft reduced their price target on Caesars Entertainment from $62.00 to $59.00 and set a buy rating on the stock in a research report on Friday, April 12th. Susquehanna cut their target price on Caesars Entertainment from $49.00 to $44.00 and set a neutral rating on the stock in a research note on Wednesday, February 21st. JMP Securities reduced their target price on Caesars Entertainment from $65.00 to $62.00 and set a market outperform rating on the stock in a report on Friday. Finally, Stifel Nicolaus lowered their price target on Caesars Entertainment from $70.00 to $67.00 and set a buy rating for the company in a research note on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $57.73.

Caesars Entertainment Stock Performance

Shares of NASDAQ:CZR opened at $38.42 on Friday. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market cap of $8.31 billion, a PE ratio of 10.58 and a beta of 2.81. Caesars Entertainment has a twelve month low of $37.71 and a twelve month high of $60.27. The business has a fifty day moving average of $41.63 and a 200-day moving average of $43.55.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate 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 for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share. On average, equities research analysts predict that Caesars Entertainment will post 1.07 EPS for the current fiscal year.

Insider Transactions at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram acquired 15,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the purchase, the director now directly owns 4,612 shares in the company, valued at approximately $191,167.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Caesars Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. increased its position in shares of Caesars Entertainment by 10.6% during the 3rd quarter. Assetmark Inc. now owns 2,713 shares of the company’s stock worth $126,000 after purchasing an additional 261 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Caesars Entertainment by 0.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 34,824 shares of the company’s stock worth $1,625,000 after acquiring an additional 285 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Caesars Entertainment by 4.0% in the third quarter. First Trust Direct Indexing L.P. now owns 7,631 shares of the company’s stock valued at $354,000 after acquiring an additional 295 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of Caesars Entertainment by 13.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,192 shares of the company’s stock valued at $148,000 after acquiring an additional 376 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Caesars Entertainment by 8.7% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 5,000 shares of the company’s stock worth $234,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

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.