Rep. Jefferson Shreve Buys Caesars Entertainment, Inc. (NASDAQ:CZR) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of Caesars Entertainment, Inc. NASDAQ: CZR. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Caesars Entertainment stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Caesars Entertainment Stock Up 3.1 %

Shares of Caesars Entertainment stock traded up $0.77 during trading hours on Friday, hitting $25.52. The company had a trading volume of 3,721,128 shares, compared to its average volume of 4,816,045. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. Caesars Entertainment, Inc. has a twelve month low of $21.40 and a twelve month high of $45.93. The company has a market cap of $5.41 billion, a P/E ratio of -15.28 and a beta of 2.67. The company's 50-day moving average is $29.30 and its two-hundred day moving average is $34.87.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.20. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Analysts anticipate that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Macquarie cut their target price on shares of Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Barclays lowered their target price on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. JMP Securities cut their price target on Caesars Entertainment from $53.00 to $45.00 and set a "market outperform" rating for the company in a research note on Thursday. Capital One Financial raised shares of Caesars Entertainment from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $51.00 to $47.00 in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Caesars Entertainment has an average rating of "Moderate Buy" and a consensus target price of $47.14.

Institutional Investors Weigh In On Caesars Entertainment

A number of institutional investors have recently added to or reduced their stakes in CZR. FIL Ltd purchased a new stake in shares of Caesars Entertainment during the 4th quarter worth about $28,000. Bogart Wealth LLC lifted its stake in shares of Caesars Entertainment by 1,777.8% during the fourth quarter. Bogart Wealth LLC now owns 845 shares of the company's stock worth $28,000 after purchasing an additional 800 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of Caesars Entertainment in the fourth quarter worth about $44,000. Canada Pension Plan Investment Board raised its holdings in shares of Caesars Entertainment by 100.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the company's stock valued at $53,000 after buying an additional 800 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Caesars Entertainment in the 4th quarter worth approximately $71,000. Hedge funds and other institutional investors own 91.79% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.