Caesars Entertainment (NASDAQ:CZR) Given New $54.00 Price Target at Stifel Nicolaus

Caesars Entertainment (NASDAQ:CZR) had its target price decreased by Stifel Nicolaus from $67.00 to $54.00 in a research note released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms also recently commented on CZR. JMP Securities reduced their price objective on Caesars Entertainment from $65.00 to $62.00 and set a market outperform rating for the company in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft cut their price target on Caesars Entertainment from $62.00 to $59.00 and set a buy rating for the company in a research note on Friday, April 12th. Truist Financial lowered their price objective on shares of Caesars Entertainment from $58.00 to $52.00 and set a buy rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Caesars Entertainment from $55.00 to $54.00 and set an overweight rating for the company in a research report on Tuesday, January 9th. Finally, Morgan Stanley lifted their target price on shares of Caesars Entertainment from $44.00 to $45.00 and gave the company an equal weight rating in a report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Caesars Entertainment currently has a consensus rating of Moderate Buy and an average price target of $54.00.

Caesars Entertainment Price Performance

CZR stock opened at $36.38 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 2.59. The company has a market capitalization of $7.87 billion, a P/E ratio of 10.31 and a beta of 2.83. The business has a 50 day simple moving average of $41.04 and a 200-day simple moving average of $43.25. Caesars Entertainment has a twelve month low of $35.12 and a twelve month high of $60.27.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.31). Caesars Entertainment had a return on equity of 1.26% and a net margin of 6.68%. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the prior year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Caesars Entertainment will post 1.02 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael E. Pegram purchased 15,000 shares of Caesars Entertainment stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of $41.45 per share, for a total transaction of $621,750.00. Following the transaction, the director now owns 4,612 shares in the company, valued at $191,167.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Caesars Entertainment during the 3rd quarter worth approximately $32,000. Altshuler Shaham Ltd purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at $45,000. Principal Securities Inc. acquired a new stake in shares of Caesars Entertainment during the fourth quarter valued at $46,000. Mather Group LLC. purchased a new stake in Caesars Entertainment during the 1st quarter worth about $53,000. Finally, TFO Wealth Partners LLC raised its stake in Caesars Entertainment by 22,920.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,151 shares of the company’s stock valued at $54,000 after purchasing an additional 1,146 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

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.