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

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

Other institutional investors also recently bought and sold shares of the company. Bogart Wealth LLC raised its stake in shares of Caesars Entertainment by 1,777.8% in the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company's stock valued at $28,000 after acquiring an additional 800 shares in the last quarter. Quarry LP bought a new position in shares of Caesars Entertainment in the third quarter valued at approximately $68,000. Steward Partners Investment Advisory LLC bought a new position in shares of Caesars Entertainment in the fourth quarter valued at approximately $73,000. Avior Wealth Management LLC boosted its holdings in shares of Caesars Entertainment by 12,577.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company's stock worth $76,000 after buying an additional 2,264 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Caesars Entertainment by 219.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company's stock valued at $114,000 after buying an additional 2,343 shares during the last quarter. 91.79% of the stock is currently owned by institutional investors.

Caesars Entertainment Price Performance

Shares of CZR traded up $0.06 during mid-day trading on Wednesday, reaching $27.60. The company had a trading volume of 3,044,890 shares, compared to its average volume of 4,409,074. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company has a market capitalization of $5.85 billion, a P/E ratio of -16.53 and a beta of 2.97. Caesars Entertainment, Inc. has a twelve month low of $26.42 and a twelve month high of $45.93. The company's 50-day moving average is $33.08 and its 200-day moving average is $36.73.

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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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.81 billion. On average, equities analysts anticipate that Caesars Entertainment, Inc. will post -0.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CZR. Stifel Nicolaus decreased their price target on shares of Caesars Entertainment from $54.00 to $51.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Truist Financial lowered their target price on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Barclays cut their price target on Caesars Entertainment from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on shares of Caesars Entertainment from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Caesars Entertainment from $58.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.