Susquehanna Reiterates Negative Rating for Caesars Entertainment (NASDAQ:CZR)

Susquehanna reissued their negative rating on shares of Caesars Entertainment (NASDAQ:CZR) in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a $33.00 price objective on the stock.

CZR has been the subject of a number of other reports. Wells Fargo & Company upped their price target on Caesars Entertainment from $53.00 to $56.00 and gave the company an overweight rating in a research report on Wednesday. Stifel Nicolaus raised their target price on Caesars Entertainment from $54.00 to $56.00 and gave the stock a buy rating in a research note on Wednesday. JMP Securities lowered their price target on shares of Caesars Entertainment from $60.00 to $58.00 and set a market outperform rating on the stock in a research report on Wednesday, July 17th. B. Riley began coverage on shares of Caesars Entertainment in a research report on Thursday, May 9th. They set a buy rating and a $70.00 price objective for the company. Finally, TD Cowen decreased their target price on shares of Caesars Entertainment from $53.00 to $50.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $54.14.

Caesars Entertainment Stock Down 4.6 %

NASDAQ CZR opened at $35.66 on Wednesday. The business has a fifty day moving average price of $36.91 and a 200 day moving average price of $39.44. The company has a debt-to-equity ratio of 5.56, a quick ratio of 0.67 and a current ratio of 0.70. The company has a market cap of $7.71 billion, a P/E ratio of 10.10 and a beta of 2.99. Caesars Entertainment has a one year low of $31.74 and a one year high of $58.29.

Caesars Entertainment (NASDAQ:CZR) last issued its earnings results on Tuesday, July 30th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.68). Caesars Entertainment had a negative net margin of 2.44% and a negative return on equity of 2.57%. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the company earned $0.82 earnings per share. Caesars Entertainment’s quarterly revenue was down 1.7% on a year-over-year basis. Research analysts anticipate that Caesars Entertainment will post 0.12 EPS for the current fiscal year.

Insider Activity at Caesars Entertainment

In other news, Director Frank J. Fahrenkopf, Jr. sold 10,000 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $32.52, for a total transaction of $325,200.00. Following the sale, the director now owns 350 shares of the company’s stock, valued at $11,382. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Caesars Entertainment

Several hedge funds have recently modified their holdings of CZR. National Bank of Canada FI grew its stake in Caesars Entertainment by 22.8% during the 2nd quarter. National Bank of Canada FI now owns 58,492 shares of the company’s stock worth $2,208,000 after purchasing an additional 10,874 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Caesars Entertainment by 6.0% in the 2nd quarter. TD Asset Management Inc now owns 703,086 shares of the company’s stock valued at $27,941,000 after buying an additional 39,609 shares during the period. Fiduciary Family Office LLC grew its position in shares of Caesars Entertainment by 24.1% during the second quarter. Fiduciary Family Office LLC now owns 24,791 shares of the company’s stock worth $985,000 after buying an additional 4,817 shares in the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Caesars Entertainment during the second quarter worth approximately $2,945,000. Finally, Natixis Advisors LLC raised its holdings in Caesars Entertainment by 26.8% in the second quarter. Natixis Advisors LLC now owns 18,535 shares of the company’s stock valued at $737,000 after acquiring an additional 3,921 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

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.