Caesars Entertainment (NASDAQ:CZR) Director Purchases $18,690.00 in Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Bonnie Biumi acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were acquired at an average cost of $18.69 per share, with a total value of $18,690.00. Following the completion of the transaction, the director directly owned 32,780 shares in the company, valued at approximately $612,658.20. The trade was a 3.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Caesars Entertainment Stock Down 0.4%

Shares of CZR opened at $19.93 on Thursday. The company’s 50-day moving average price is $24.24 and its 200 day moving average price is $26.51. Caesars Entertainment, Inc. has a 12-month low of $18.25 and a 12-month high of $41.76. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 6.23. The firm has a market cap of $4.07 billion, a P/E ratio of -17.33 and a beta of 2.32.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, October 28th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16). Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Caesars Entertainment’s revenue was down .2% on a year-over-year basis. On average, sell-side analysts forecast that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CZR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Caesars Entertainment in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Caesars Entertainment from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Citigroup reaffirmed a “market outperform” rating on shares of Caesars Entertainment in a research report on Wednesday, October 29th. Morgan Stanley reduced their price target on shares of Caesars Entertainment from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, Citizens Jmp dropped their price objective on shares of Caesars Entertainment from $40.00 to $37.00 and set a “market outperform” rating for the company in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.82.

Institutional Investors Weigh In On Caesars Entertainment

A number of hedge funds have recently bought and sold shares of CZR. JFS Wealth Advisors LLC grew its holdings in Caesars Entertainment by 508.5% during the 2nd quarter. JFS Wealth Advisors LLC now owns 864 shares of the company’s stock worth $25,000 after acquiring an additional 722 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Caesars Entertainment by 110.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Caesars Entertainment during the third quarter worth $28,000. UMB Bank n.a. grew its stake in shares of Caesars Entertainment by 52.0% during the second quarter. UMB Bank n.a. now owns 1,049 shares of the company’s stock worth $30,000 after purchasing an additional 359 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Caesars Entertainment by 168.5% in the second quarter. Farther Finance Advisors LLC now owns 1,133 shares of the company’s stock valued at $32,000 after buying an additional 711 shares during the last quarter. 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.