Key Points
- Director Michael Pegram sold 16,897 shares of Caesars Entertainment at an average price of $29.46, totaling about $497,786. The transaction was disclosed in an SEC filing.
- The stock has recently traded near its 52-week high, opening at $29.49 versus a 52-week range of $17.86 to $31.58. Caesars also has a high debt load, with a debt-to-equity ratio of 3.25.
- Analysts remain cautious overall, with a consensus “Hold” rating and an average price target of $32.80. Recent insider selling, along with investigations into the proposed sale to Fertitta Entertainment, is weighing on sentiment.
Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) Director Michael Pegram sold 16,897 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $29.46, for a total transaction of $497,785.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Caesars Entertainment Price Performance
Shares of NASDAQ:CZR opened at $29.49 on Friday. The company has a 50-day simple moving average of $27.88 and a 200-day simple moving average of $25.16. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of -12.44 and a beta of 1.77.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.24). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The business had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.85 billion. During the same period in the previous year, the company posted ($0.54) earnings per share. Caesars Entertainment's quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.
Analyst Upgrades and Downgrades
CZR has been the subject of several analyst reports. Jefferies Financial Group increased their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the stock a "hold" rating in a report on Monday, April 6th. Citizens Jmp increased their price target on shares of Caesars Entertainment from $34.00 to $35.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 29th. Citigroup upped their target price on shares of Caesars Entertainment from $23.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, April 16th. Texas Capital lowered shares of Caesars Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 1st. Finally, Wells Fargo & Company upped their target price on shares of Caesars Entertainment from $26.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $32.80.
Read Our Latest Analysis on CZR
Institutional Trading of Caesars Entertainment
Several large investors have recently modified their holdings of the business. Pictet Asset Management Holding SA grew its position in shares of Caesars Entertainment by 1.2% in the first quarter. Pictet Asset Management Holding SA now owns 31,307 shares of the company's stock valued at $827,000 after purchasing an additional 363 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of Caesars Entertainment by 44.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company's stock valued at $37,000 after purchasing an additional 488 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Caesars Entertainment by 1.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 52,133 shares of the company's stock valued at $1,220,000 after purchasing an additional 493 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company's stock valued at $26,000 after purchasing an additional 510 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Caesars Entertainment by 3.5% in the second quarter. Corient Private Wealth LLC now owns 16,155 shares of the company's stock valued at $459,000 after purchasing an additional 549 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.
More Caesars Entertainment News
Here are the key news stories impacting Caesars Entertainment this week:
- Positive Sentiment: Caesars highlighted promotional and brand-building activity, including an exclusive CZR Exchange VIP event tied to the Monaco Grand Prix, which may support customer engagement and awareness. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
- Neutral Sentiment: Shareholders approved directors, executive compensation, and the auditor at the annual meeting, which removes some governance uncertainty but is not a major operating catalyst.
- Negative Sentiment: Multiple law firms are investigating Caesars Entertainment over the fairness of its proposed sale to Fertitta Entertainment, creating a legal and deal-related overhang for CZR. Shareholder Alert: Ademi LLP investigates whether Caesars Entertainment, Inc. is obtaining a Fair Price for Public Shareholders
- Negative Sentiment: Recent insider selling by executives and directors, including large share disposals by Edmund Quatmann Jr. and Michael E. Pegram, may be pressuring sentiment because it can signal reduced confidence at current levels.
- Negative Sentiment: Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and no fresh bullish catalyst to offset the litigation and insider-sale concerns.
Caesars Entertainment Company Profile
(
Get Free Report)
Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.
The company traces its lineage to the founding of Harrah's by William F.
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