Caesars Entertainment, Inc. (NASDAQ:CZR - Get Free Report) was down 4.8% on Friday . The company traded as low as $26.82 and last traded at $26.89. Approximately 1,253,961 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 4,361,691 shares. The stock had previously closed at $28.25.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on CZR. Wells Fargo & Company lowered their price target on Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, January 3rd. Truist Financial reduced their price objective on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Macquarie dropped their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, Raymond James cut their target price on shares of Caesars Entertainment from $55.00 to $49.00 and set a "strong-buy" rating for the company in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.00.
Check Out Our Latest Stock Report on Caesars Entertainment
Caesars Entertainment Stock Performance
The stock has a 50-day moving average of $33.20 and a 200 day moving average of $36.80. The stock has a market cap of $5.84 billion, a PE ratio of -16.49 and a beta of 2.97. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 2.84.
Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.20. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Equities analysts predict that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.
Institutional Trading of Caesars Entertainment
Several hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC raised its position in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after buying an additional 800 shares during the period. FIL Ltd acquired a new stake in Caesars Entertainment during the fourth quarter worth $28,000. Resona Asset Management Co. Ltd. purchased a new stake in Caesars Entertainment in the fourth quarter valued at $44,000. Canada Pension Plan Investment Board raised its position in Caesars Entertainment by 100.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after purchasing an additional 800 shares during the period. Finally, Quarry LP acquired a new position in shares of Caesars Entertainment in the 3rd quarter valued at $68,000. Hedge funds and other institutional investors own 91.79% of the company's stock.
About Caesars Entertainment
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Get Free Report)
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.
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