Caesars Entertainment (NASDAQ:CZR) Price Target Lowered to $54.00 at Stifel Nicolaus

Caesars Entertainment (NASDAQ:CZR) had its price target trimmed by Stifel Nicolaus from $67.00 to $54.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on CZR. Morgan Stanley upped their target price on Caesars Entertainment from $44.00 to $45.00 and gave the company an equal weight rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Caesars Entertainment from $62.00 to $59.00 and set a buy rating on the stock in a research note on Friday, April 12th. Barclays cut their price target on shares of Caesars Entertainment from $65.00 to $63.00 and set an overweight rating for the company in a report on Friday, April 19th. Wells Fargo & Company decreased their price objective on shares of Caesars Entertainment from $72.00 to $68.00 and set an overweight rating on the stock in a research note on Wednesday, February 21st. Finally, Truist Financial reduced their target price on Caesars Entertainment from $58.00 to $52.00 and set a buy rating on the stock in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Caesars Entertainment has a consensus rating of Moderate Buy and a consensus price target of $53.83.

Caesars Entertainment Stock Up 0.5 %

CZR opened at $35.33 on Wednesday. The stock has a fifty day moving average of $40.67 and a 200-day moving average of $43.08. The company has a market capitalization of $7.65 billion, a P/E ratio of 10.01 and a beta of 2.83. Caesars Entertainment has a fifty-two week low of $35.09 and a fifty-two week high of $60.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.74 and a current ratio of 0.69.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts expect that Caesars Entertainment will post 0.36 EPS for the current year.

Insider Buying and Selling

In other Caesars Entertainment news, Director Michael E. Pegram purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $41.45 per share, with a total value of $621,750.00. Following the completion of the purchase, the director now owns 4,612 shares of the company’s stock, valued at $191,167.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Caesars Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CZR. Norges Bank bought a new stake in shares of Caesars Entertainment in the 4th quarter valued at $102,213,000. AQR Capital Management LLC grew its holdings in Caesars Entertainment by 938.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,043,044 shares of the company’s stock worth $48,345,000 after acquiring an additional 942,621 shares during the period. Capital World Investors grew its holdings in Caesars Entertainment by 9.1% during the 4th quarter. Capital World Investors now owns 11,024,448 shares of the company’s stock worth $516,826,000 after acquiring an additional 916,282 shares during the period. Qube Research & Technologies Ltd raised its position in shares of Caesars Entertainment by 481.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 908,030 shares of the company’s stock worth $42,087,000 after acquiring an additional 751,938 shares in the last quarter. Finally, Blackstone Inc. acquired a new position in shares of Caesars Entertainment in the 3rd quarter valued at about $34,762,000. 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.