Caesars Entertainment (NASDAQ:CZR – Get Free Report) had its target price lowered by Deutsche Bank Aktiengesellschaft from $36.00 to $35.00 in a report issued on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 57.52% from the company’s previous close.
A number of other brokerages also recently commented on CZR. Truist Financial lowered their target price on Caesars Entertainment from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday. The Goldman Sachs Group downgraded shares of Caesars Entertainment from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $24.00 in a research report on Monday, December 15th. Wells Fargo & Company initiated coverage on shares of Caesars Entertainment in a report on Tuesday, November 18th. They set an “equal weight” rating and a $21.00 price target on the stock. Susquehanna upgraded shares of Caesars Entertainment from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $25.00 to $31.00 in a report on Thursday, January 8th. Finally, Wall Street Zen lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.12.
Check Out Our Latest Report on Caesars Entertainment
Caesars Entertainment Stock Performance
Caesars Entertainment (NASDAQ:CZR – Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($1.05). Caesars Entertainment had a negative net margin of 2.12% and a negative return on equity of 5.76%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Caesars Entertainment’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect that Caesars Entertainment will post -0.77 EPS for the current fiscal year.
Institutional Investors Weigh In On Caesars Entertainment
Hedge funds have recently made changes to their positions in the stock. Gotham Asset Management LLC raised its holdings in Caesars Entertainment by 10.6% in the 4th quarter. Gotham Asset Management LLC now owns 615,350 shares of the company’s stock valued at $14,393,000 after acquiring an additional 59,194 shares in the last quarter. Cinctive Capital Management LP bought a new position in Caesars Entertainment in the fourth quarter worth $1,005,000. Arini Captial Management Ltd acquired a new stake in Caesars Entertainment during the fourth quarter worth $25,489,000. 683 Capital Management LLC increased its holdings in Caesars Entertainment by 28.4% in the 4th quarter. 683 Capital Management LLC now owns 244,000 shares of the company’s stock valued at $5,707,000 after buying an additional 54,000 shares during the period. Finally, Guggenheim Capital LLC increased its stake in Caesars Entertainment by 85.2% in the fourth quarter. Guggenheim Capital LLC now owns 26,046 shares of the company’s stock valued at $609,000 after acquiring an additional 11,986 shares during the period. Institutional investors own 91.79% of the company’s stock.
Trending Headlines about Caesars Entertainment
Here are the key news stories impacting Caesars Entertainment this week:
- Positive Sentiment: Caesars’ digital segment delivered a record quarter, driving investor optimism that high-margin digital growth can offset softness in some land-based markets. Article Title
- Positive Sentiment: Top-line beat and revenue growth: GAAP net revenue of ~$2.9B (up ~4.2% YoY) came in roughly at/above estimates, which supports the view of stable demand across the portfolio. Article Title
- Neutral Sentiment: Management presented the quarterly results and slide deck and reiterated a steady near‑term outlook, giving some confidence to investors despite the earnings miss. Slide Deck
- Positive Sentiment: Unusual call-option activity was observed around the print, indicating short-term bullish bet/speculation by some traders. (Market/options trading note)
- Negative Sentiment: Big EPS miss: reported GAAP EPS of -$1.23 vs. consensus roughly -$0.18, driven by a swing to a net loss and lower operating profit — that is pressuring fundamentals and valuation. Earnings Call Transcript
- Negative Sentiment: Net loss and margin compression: Caesars swung to a GAAP net loss (~$250M) and operating profit fell materially year‑over‑year, partly because last year included sizeable asset-sale gains, highlighting earnings volatility. Press Release
- Negative Sentiment: Technical/market risk: some outlets flagged the stock hitting a new 52‑week low after the print, and Caesars still carries high leverage—factors that increase downside sensitivity if momentum fades. Article Title
About Caesars Entertainment
Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.
The company traces its lineage to the founding of Harrah’s by William F.
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