Caesars Entertainment (NASDAQ:CZR) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Caesars Entertainment (NASDAQ:CZR) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $47.00 target price on the stock.

A number of other brokerages have also commented on CZR. Truist Financial cut their price target on Caesars Entertainment from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Macquarie cut their price target on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. JMP Securities restated a “market outperform” rating and issued a $45.00 price target on shares of Caesars Entertainment in a report on Wednesday, April 30th. Morgan Stanley cut their price target on Caesars Entertainment from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Wells Fargo & Company cut their price target on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Caesars Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Caesars Entertainment Stock Performance

CZR stock opened at $28.60 on Monday. The business’s 50-day moving average price is $27.63 and its two-hundred day moving average price is $30.43. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 5.84. The firm has a market cap of $5.95 billion, a PE ratio of -26.24, a P/E/G ratio of 1.91 and a beta of 2.31. Caesars Entertainment has a 1-year low of $21.40 and a 1-year high of $45.93.

Caesars Entertainment (NASDAQ:CZR) last posted its earnings results on Tuesday, April 29th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.35). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Caesars Entertainment had a negative return on equity of 2.60% and a negative net margin of 2.08%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.73) earnings per share. As a group, research analysts forecast that Caesars Entertainment will post -0.77 earnings per share for the current year.

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. increased its position in Caesars Entertainment by 64.4% during the first quarter. Mather Group LLC. now owns 1,034 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the last quarter. FIL Ltd acquired a new position in Caesars Entertainment during the fourth quarter worth approximately $28,000. Allworth Financial LP increased its position in Caesars Entertainment by 97.8% during the first quarter. Allworth Financial LP now owns 1,339 shares of the company’s stock worth $36,000 after buying an additional 662 shares during the last quarter. Bogart Wealth LLC increased its position in Caesars Entertainment by 82.8% during the first quarter. Bogart Wealth LLC now owns 1,545 shares of the company’s stock worth $39,000 after buying an additional 700 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Caesars Entertainment during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

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.