Truffle Hound Capital LLC Makes New Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

Truffle Hound Capital LLC acquired a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 70,000 shares of the company's stock, valued at approximately $2,339,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its stake in shares of Caesars Entertainment by 1,777.8% in the fourth 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. Quarry LP bought a new position in shares of Caesars Entertainment during the third quarter valued at $68,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Caesars Entertainment during the fourth quarter worth $73,000. Avior Wealth Management LLC grew its stake in shares of Caesars Entertainment by 12,577.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock worth $76,000 after purchasing an additional 2,264 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Caesars Entertainment by 219.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company's stock valued at $114,000 after purchasing an additional 2,343 shares during the period. Institutional investors and hedge funds own 91.79% of the company's stock.

Caesars Entertainment Stock Down 0.5 %

Shares of NASDAQ CZR traded down $0.14 during mid-day trading on Tuesday, reaching $27.99. 971,243 shares of the company's stock traded hands, compared to its average volume of 4,414,759. 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 1-year low of $26.42 and a 1-year high of $45.93. The stock has a market cap of $5.93 billion, a P/E ratio of -16.76 and a beta of 2.97. The business has a 50-day simple moving average of $33.31 and a 200 day simple moving average of $36.86.

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Caesars Entertainment (NASDAQ:CZR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.20. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. On average, analysts expect that Caesars Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CZR has been the topic of a number of analyst reports. Macquarie reduced their price target on Caesars Entertainment from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. JMP Securities reduced their target price on Caesars Entertainment from $57.00 to $53.00 and set a "market outperform" rating on the stock in a report on Thursday, January 16th. Barclays lowered their price target on shares of Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus reduced their price objective on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, Truist Financial lowered their target price on shares of Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $50.00.

About Caesars Entertainment

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.