Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael E. Pegram Purchases 15,000 Shares

Caesars Entertainment, Inc. (NASDAQ:CZRGet Free Report) Director Michael E. Pegram acquired 15,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $41.45 per share, with a total value of $621,750.00. Following the purchase, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Caesars Entertainment Stock Down 3.1 %

Shares of NASDAQ:CZR opened at $41.84 on Wednesday. The company has a market capitalization of $9.05 billion, a PE ratio of 11.53 and a beta of 2.81. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. Caesars Entertainment, Inc. has a twelve month low of $38.33 and a twelve month high of $60.27. The firm has a 50 day simple moving average of $42.53 and a 200-day simple moving average of $44.13.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a return on equity of 4.48% and a net margin of 6.82%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) EPS. On average, equities analysts predict that Caesars Entertainment, Inc. will post 1.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CZR shares. JMP Securities reissued a “market outperform” rating and issued a $65.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, February 21st. Stifel Nicolaus lowered their price objective on shares of Caesars Entertainment from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. JPMorgan Chase & Co. lowered their price objective 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. Barclays decreased their price target on shares of Caesars Entertainment from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company decreased their price target on shares of Caesars Entertainment from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

Read Our Latest Stock Report on CZR

Institutional Trading of Caesars Entertainment

Institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. increased its holdings in shares of Caesars Entertainment by 26.4% in the 3rd quarter. Federated Hermes Inc. now owns 44,384 shares of the company’s stock valued at $2,057,000 after acquiring an additional 9,270 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Caesars Entertainment by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,052,738 shares of the company’s stock valued at $95,144,000 after acquiring an additional 77,595 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Caesars Entertainment in the 3rd quarter valued at $2,259,000. Assenagon Asset Management S.A. increased its holdings in shares of Caesars Entertainment by 1,029.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 255,925 shares of the company’s stock valued at $11,998,000 after acquiring an additional 233,271 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Caesars Entertainment in the 3rd quarter valued at $3,692,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

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.

Further Reading

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