Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) CMO Josh Jones sold 59,507 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $29.72, for a total transaction of $1,768,548.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Caesars Entertainment Stock Performance
NASDAQ CZR opened at $29.66 on Tuesday. The company has a 50-day simple moving average of $29.82 and a two-hundred day simple moving average of $27.17. Caesars Entertainment, Inc. has a 12-month low of $17.86 and a 12-month high of $30.88. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of -13.01 and a beta of 1.77. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.70.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.35). Caesars Entertainment had a negative return on equity of 7.64% and a negative net margin of 3.99%.The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the prior year, the firm posted ($0.39) EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Caesars Entertainment, Inc. will post -0.9 EPS for the current year.
Analyst Upgrades and Downgrades
CZR has been the subject of several recent research reports. Stifel Nicolaus downgraded Caesars Entertainment from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research report on Monday, June 15th. Raymond James Financial cut shares of Caesars Entertainment from a "strong-buy" rating to a "market perform" rating in a report on Friday, May 29th. Texas Capital downgraded shares of Caesars Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 1st. Barclays reiterated an "equal weight" rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Thursday, July 9th. Finally, Truist Financial lowered shares of Caesars Entertainment from a "buy" rating to a "hold" rating and cut their price target for the stock from $32.00 to $31.00 in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.71.
Get Our Latest Research Report on Caesars Entertainment
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Caesars Entertainment by 47.7% during the first quarter. AQR Capital Management LLC now owns 39,297 shares of the company's stock valued at $953,000 after buying an additional 12,698 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Caesars Entertainment by 8.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,830 shares of the company's stock worth $496,000 after acquiring an additional 1,623 shares during the period. Goldman Sachs Group Inc. lifted its stake in Caesars Entertainment by 106.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,599,273 shares of the company's stock worth $39,982,000 after acquiring an additional 826,356 shares during the period. Woodline Partners LP boosted its holdings in Caesars Entertainment by 40.7% in the first quarter. Woodline Partners LP now owns 17,952 shares of the company's stock valued at $449,000 after acquiring an additional 5,192 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Caesars Entertainment by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 506,585 shares of the company's stock valued at $12,665,000 after acquiring an additional 3,198 shares in the last quarter. Institutional investors own 91.79% of the company's stock.
About Caesars Entertainment
(
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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