Key Points
- Caesars Entertainment CFO Bret Yunker sold 208,134 shares at an average price of $29.62, totaling approximately $6.16 million; the transaction was disclosed in an SEC filing.
- Caesars reported quarterly revenue of $2.99 billion, slightly above estimates, but posted an adjusted loss of $0.30 per share versus analysts’ expected $0.05 profit.
- Analyst sentiment is largely neutral: 15 analysts rate the stock Hold, compared with two Buy and two Sell ratings, with an average price target of $30.71.
Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) CFO Bret Yunker sold 208,134 shares of Caesars Entertainment stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $29.62, for a total value of $6,164,929.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Caesars Entertainment Price Performance
Caesars Entertainment stock opened at $29.76 on Friday. The company has a market cap of $6.06 billion, a P/E ratio of -13.05 and a beta of 1.77. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $30.88. The business has a fifty day moving average of $29.84 and a two-hundred day moving average of $27.37. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.83 and a current ratio of 0.85.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the company earned ($0.39) earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts predict that Caesars Entertainment, Inc. will post -0.9 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in Caesars Entertainment during the 2nd quarter worth $25,000. Sunbelt Securities Inc. increased its position in shares of Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company's stock worth $28,000 after acquiring an additional 672 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Caesars Entertainment by 456.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company's stock worth $26,000 after acquiring an additional 918 shares in the last quarter. Ancora Advisors LLC purchased a new position in Caesars Entertainment in the second quarter valued at about $53,000. Finally, Hantz Financial Services Inc. grew its stake in Caesars Entertainment by 87.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company's stock valued at $42,000 after purchasing an additional 846 shares in the last quarter. 91.79% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have weighed in on CZR shares. Barclays reissued an "equal weight" rating and set a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research report on Thursday, July 9th. Raymond James Financial downgraded shares of Caesars Entertainment from a "strong-buy" rating to a "market perform" rating in a research note on Friday, May 29th. Capital One Financial cut shares of Caesars Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Stifel Nicolaus downgraded shares of Caesars Entertainment from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Monday, June 15th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Caesars Entertainment in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $30.71.
Check Out Our Latest Research Report on Caesars Entertainment
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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