Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Sells 16,897 Shares

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 16,897 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $29.46, for a total value of $497,785.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Caesars Entertainment Stock Performance

Shares of CZR stock traded down $0.02 on Friday, reaching $29.49. The stock had a trading volume of 3,687,213 shares, compared to its average volume of 6,519,059. Caesars Entertainment, Inc. has a 1 year low of $17.86 and a 1 year high of $31.58. The stock has a market cap of $6.01 billion, a P/E ratio of -12.44 and a beta of 1.77. 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 company has a 50 day simple moving average of $27.82 and a 200 day simple moving average of $25.13.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The business had revenue of $2.87 billion for 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%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.54) EPS. Equities research analysts expect that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CZR. Morgan Stanley increased their target price on shares of Caesars Entertainment from $32.00 to $34.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a report on Monday, June 1st. Citigroup raised their price objective on Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Citizens Jmp boosted their target price on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Caesars Entertainment presently has a consensus rating of “Hold” and an average target price of $32.80.

Trending Headlines about Caesars Entertainment

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

• Positive Sentiment: Caesars highlighted promotional and brand-building activity, including an exclusive CZR Exchange VIP event tied to the Monaco Grand Prix, which may support customer engagement and awareness. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
• Neutral Sentiment: Shareholders approved directors, executive compensation, and the auditor at the annual meeting, which removes some governance uncertainty but is not a major operating catalyst.
• Negative Sentiment: Multiple law firms are investigating Caesars Entertainment over the fairness of its proposed sale to Fertitta Entertainment, creating a legal and deal-related overhang for CZR. Shareholder Alert: Ademi LLP investigates whether Caesars Entertainment, Inc. is obtaining a Fair Price for Public Shareholders
• Negative Sentiment: Recent insider selling by executives and directors, including large share disposals by Edmund Quatmann Jr. and Michael E. Pegram, may be pressuring sentiment because it can signal reduced confidence at current levels.
• Negative Sentiment: Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and no fresh bullish catalyst to offset the litigation and insider-sale concerns.

Institutional Trading of Caesars Entertainment

A number of large investors have recently made changes to their positions in the business. Cyrus Capital Partners L.P. purchased a new stake in shares of Caesars Entertainment during the 1st quarter valued at about $37,795,000. Edgestream Partners L.P. bought a new position in shares of Caesars Entertainment in the 1st quarter valued at about $2,225,000. Janus Henderson Group PLC increased its stake in Caesars Entertainment by 5.8% during the first quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock worth $172,582,000 after acquiring an additional 355,760 shares during the last quarter. Amundi raised its position in Caesars Entertainment by 205.1% during the first quarter. Amundi now owns 1,587,634 shares of the company’s stock valued at $41,961,000 after purchasing an additional 1,067,259 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Caesars Entertainment by 59.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock valued at $50,000 after purchasing an additional 702 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Company Profile

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.