Caesars Entertainment’s (CZR) “Neutral” Rating Reiterated at Susquehanna

Caesars Entertainment (NASDAQ:CZR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Susquehanna in a note issued to investors on Friday,Benzinga reports. They presently have a $31.00 price objective on the stock, down from their prior price objective of $34.00. Susquehanna’s target price would indicate a potential upside of 6.99% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Truist Financial raised their price objective on Caesars Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research upgraded Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Citizens Jmp raised their price target on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price target on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group upped their price objective on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a report on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.80.

Caesars Entertainment Stock Down 0.4%

NASDAQ:CZR traded down $0.11 during midday trading on Friday, reaching $28.98. 2,537,836 shares of the stock traded hands, compared to its average volume of 6,182,131. The stock has a market capitalization of $5.90 billion, a PE ratio of -12.23 and a beta of 1.77. Caesars Entertainment has a 12-month low of $17.86 and a 12-month high of $31.58. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. The business has a 50-day moving average of $27.28 and a two-hundred day moving average of $24.49.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.Caesars Entertainment’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.54) earnings per share. On average, equities analysts forecast that Caesars Entertainment will post -0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cyrus Capital Partners L.P. acquired a new stake in Caesars Entertainment during the 1st quarter worth about $37,795,000. Edgestream Partners L.P. acquired a new position in shares of Caesars Entertainment in the first quarter valued at about $2,225,000. Janus Henderson Group PLC increased its holdings in shares of Caesars Entertainment by 5.8% in the first quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock valued at $172,582,000 after purchasing an additional 355,760 shares during the period. Amundi raised its stake in shares of Caesars Entertainment by 205.1% in the first quarter. Amundi now owns 1,587,634 shares of the company’s stock worth $41,961,000 after purchasing an additional 1,067,259 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Caesars Entertainment by 59.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock worth $50,000 after purchasing an additional 702 shares during the period. Hedge funds and other institutional investors own 91.79% of the company’s stock.

More Caesars Entertainment News

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Caesars agreed to be acquired by Fertitta Entertainment for $31 per share in cash, giving investors a clear takeout price and a substantial premium. Reuters: Caesars Entertainment to be bought by Fertitta Entertainment for $17.6 billion
• Positive Sentiment: The all-cash structure reduces deal uncertainty for shareholders and signals that the buyer is willing to assume Caesars’ heavy debt load to close the transaction. WSJ: Caesars to Be Acquired by Fertitta Entertainment in All-Cash Deal
• Neutral Sentiment: Analysts and market commentary suggested the deal could support broader casino industry consolidation, potentially reshaping the competitive landscape for gaming stocks. Proactive Investors: Caesars Entertainment buyout potential catalyst for broader casino consolidation
• Negative Sentiment: Several shareholder law firms have launched investigations into whether Caesars obtained a fair price, highlighting possible legal scrutiny around the transaction. PR Newswire: Shareholder Alert investigation
• Negative Sentiment: Commentary noted Caesars faces ongoing industry challenges, including softer Las Vegas visitation and competition from online gambling, which helps explain why the company was willing to sell. WSJ: With Caesars Deal, Tilman Fertitta Doubles Down on Vegas Comeback

About Caesars Entertainment

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.