Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) Director Michael E. Pegram bought 40,000 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $36.39 per share, with a total value of $1,455,600.00. Following the completion of the purchase, the director now directly owns 181,697 shares of the company's stock, valued at approximately $6,611,953.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Caesars Entertainment Trading Up 0.8 %
Shares of Caesars Entertainment stock opened at $36.35 on Wednesday. The firm has a 50-day moving average of $40.46 and a 200-day moving average of $43.01. The stock has a market cap of $7.87 billion, a PE ratio of 10.30 and a beta of 2.83. Caesars Entertainment, Inc. has a 52-week low of $35.09 and a 52-week high of $60.27. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.67 and a current ratio of 0.69.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results 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). The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The company's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) EPS. As a group, sell-side analysts forecast that Caesars Entertainment, Inc. will post 0.23 EPS for the current year.
Institutional Investors Weigh In On Caesars Entertainment
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Institutional investors have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Caesars Entertainment in the third quarter valued at about $32,000. Altshuler Shaham Ltd bought a new stake in Caesars Entertainment during the fourth quarter worth about $45,000. Principal Securities Inc. bought a new stake in Caesars Entertainment during the fourth quarter worth about $46,000. Mather Group LLC. bought a new stake in Caesars Entertainment during the first quarter worth about $53,000. Finally, TFO Wealth Partners LLC lifted its position in Caesars Entertainment by 22,920.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company's stock worth $54,000 after purchasing an additional 1,146 shares during the period. Institutional investors own 91.79% of the company's stock.
Wall Street Analyst Weigh In
CZR has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Caesars Entertainment from $62.00 to $59.00 and set a "buy" rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. decreased their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Tuesday, January 9th. Truist Financial cut their price target on Caesars Entertainment from $58.00 to $52.00 and set a "buy" rating for the company in a report on Wednesday, May 1st. Finally, Barclays cut their price target on Caesars Entertainment from $65.00 to $63.00 and set an "overweight" rating for the company in a report on Friday, April 19th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Caesars Entertainment presently has an average rating of "Moderate Buy" and a consensus price target of $53.83.
View Our Latest Stock Report on CZR
About Caesars Entertainment
(
Get Free Report)
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.
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