Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) stock has been given a consensus rating of “Moderate Buy” by the nineteen analysts covering the stock, reports MarketBeat Ratings. Two research analysts have rated the stock with a sell rating, two with a hold rating and eight with a buy rating. The average 12-month target price set by analysts covering the stock over the last year is $82.19.
CZR has been the subject of several recent analyst reports. Wells Fargo & Company raised its price target on Caesars Entertainment shares to $72.00 from $64.00 and gave the stock an overweight rating in a research note on Wednesday, November 2nd. Truist Financial lowered its price target on shares of Caesars Entertainment from $72.00 to $70.00 and issued a research note on Tuesday, October 25, with a “buy” rating on the company. Barclays raised its price target on shares of Caesars Entertainment from $56.00 to $65.00 in a research note on Wednesday, August 3rd. Susquehanna lowered its price target on shares of Caesars Entertainment from $32.00 to $27.00 and gave the company a negative rating in a research note on Monday, October 3. Finally, Cowen lowered its price target on shares of Caesars Entertainment to $75.00 in a research note on Thursday, October 20.
Caesars Entertainment shares up 0.4%
CZR stock opened at $49.98 on Friday. The stock has a market cap of $10.72 billion, a P/E of -9.02 and a beta of 2.83. The company has a debt to equity ratio of 6.53, a quick ratio of 0.78 and a current ratio of 0.80. Caesars Entertainment has a yearly low of $31.31 and a yearly high of $97.39. The company has a 50-day moving average price of $41.64 and a 200-day moving average price of $44.41.
Insider Activities at Caesars Entertainment
In other news from Caesars Entertainment, director Michael E. Pegram acquired 25,000 shares of the stock in a transaction that took place on Friday, November 4th. The stock was purchased at an average price of $44.74 per share for a total value of $1,118,500.00. Following the transaction, the director now directly owns 96,697 shares of the Company, valued at $4,326,223.78. The acquisition was disclosed in a filing with the SEC, available at this link. Insiders own 0.50% of the company’s stock.
Institutional inflows and outflows
Several institutional investors and hedge funds have recently bought and sold shares of CZR. The State of Michigan Retirement System increased its stake in Caesars Entertainment by 0.4% in the first quarter. The State of Michigan Retirement System now owns 53,997 shares of the company, valued at $4,177,000, having purchased an additional 197 shares during the period. Utah Retirement Systems increased its stake in Caesars Entertainment by 0.6% in the third quarter. Utah Retirement Systems now owns 36,500 shares of the company, valued at $1,178,000, having purchased an additional 200 shares during this period. CIBC Asset Management Inc increased its stake in Caesars Entertainment by 1.0% during the first quarter. CIBC Asset Management Inc now owns 19,967 shares of the company’s stock valued at $1,545,000 after purchasing an additional 201 shares during the period. Kestra Advisory Services LLC increased its stake in Caesars Entertainment by 7.6% in the first quarter. Kestra Advisory Services LLC now owns 2,899 shares of the Company, valued at $224,000, having purchased an additional 205 shares during the period. Finally, Centaurus Financial Inc. increased its stake in Caesars Entertainment by 19.3% in Q1. Centaurus Financial Inc. now owns 1,412 shares of the company’s stock valued at $109,000 after purchasing an additional 228 shares during the period. Institutional investors own 95.55% of the company’s shares.
Company Profile of Caesars Entertainment
Caesars Entertainment, Inc operates as a gaming and hospitality company in the United States. The company operates casinos with poker, keno, racing and online sports betting; restaurants, bars, nightclubs and lounges; hotels; and entertainment options. It also offers human resources and management services; accessories, souvenirs and decorative items via retail outlets; and online sports betting and iGaming services.
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