Stifel Nicolaus Cuts Caesars Entertainment (NASDAQ:CZR) Price Target to $54.00

Caesars Entertainment (NASDAQ:CZR) had its target price lowered by Stifel Nicolaus from $67.00 to $54.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays dropped their price objective on shares of Caesars Entertainment from $65.00 to $63.00 and set an overweight rating on the stock in a research note on Friday, April 19th. Susquehanna cut their price objective on shares of Caesars Entertainment from $49.00 to $44.00 and set a neutral rating for the company in a report on Wednesday, February 21st. JMP Securities lowered their target price on shares of Caesars Entertainment from $65.00 to $62.00 and set a market outperform rating on the stock in a research note on Friday, April 19th. Morgan Stanley lifted their price target on Caesars Entertainment from $44.00 to $45.00 and gave the company an equal weight rating in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Caesars Entertainment from $55.00 to $54.00 and set an overweight rating on the stock in a report on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $53.83.

Caesars Entertainment Trading Up 0.5 %

NASDAQ CZR opened at $35.33 on Wednesday. The company has a fifty day moving average of $40.67 and a 200 day moving average of $43.09. The company has a market capitalization of $7.65 billion, a PE ratio of 10.01 and a beta of 2.83. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.69 and a quick ratio of 0.74. Caesars Entertainment has a 1 year low of $35.09 and a 1 year high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a net margin of 6.68% and a return on equity of 1.27%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS. Research analysts forecast that Caesars Entertainment will post 1.02 earnings per share for the current year.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the completion of the transaction, the director now owns 4,612 shares of the company’s stock, valued at approximately $191,167.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. increased its stake 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 worth $2,057,000 after acquiring an additional 9,270 shares during the last quarter. Choreo LLC raised its stake in Caesars Entertainment by 39.1% during the fourth quarter. Choreo LLC now owns 17,678 shares of the company’s stock worth $829,000 after purchasing an additional 4,970 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in 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 purchasing an additional 77,595 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Caesars Entertainment in the 3rd quarter valued at approximately $2,259,000. Finally, Strs Ohio increased its holdings in shares of Caesars Entertainment by 33.2% during the 4th quarter. Strs Ohio now owns 676,706 shares of the company’s stock worth $31,723,000 after buying an additional 168,738 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

About Caesars Entertainment

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.