BidaskClub lowered shares of Caesars Entertainment (NASDAQ:CZR) from a hold rating to a sell rating in a report released on Tuesday.

CZR has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Caesars Entertainment from a sell rating to a hold rating in a report on Monday, September 24th. ValuEngine upgraded shares of Caesars Entertainment from a sell rating to a hold rating in a report on Monday, July 16th. Bank of America decreased their price objective on shares of Caesars Entertainment from $14.00 to $13.00 and set a buy rating for the company in a report on Thursday, August 2nd. Credit Suisse Group assumed coverage on shares of Caesars Entertainment in a research report on Tuesday, September 11th. They set an outperform rating and a $13.00 target price on the stock. Finally, Jefferies Financial Group set a $11.00 target price on shares of Caesars Entertainment and gave the company a hold rating in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Caesars Entertainment has a consensus rating of Hold and an average price target of $13.44.

Shares of CZR opened at $9.03 on Tuesday. Caesars Entertainment has a 1-year low of $8.55 and a 1-year high of $14.50. The stock has a market cap of $7.11 billion, a P/E ratio of -2.68 and a beta of 0.52. The company has a debt-to-equity ratio of 5.52, a current ratio of 1.98 and a quick ratio of 1.96.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Caesars Entertainment had a net margin of 21.90% and a negative return on equity of 4.71%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the business posted ($9.62) EPS. The firm’s revenue for the quarter was up 110.2% on a year-over-year basis. Research analysts forecast that Caesars Entertainment will post -0.04 EPS for the current fiscal year.

In other news, EVP Christopher J. Holdren acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were purchased at an average price of $9.85 per share, with a total value of $49,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John M. Boushy acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average cost of $9.95 per share, for a total transaction of $99,500.00. Following the transaction, the director now owns 46,139 shares in the company, valued at $459,083.05. The disclosure for this purchase can be found here. Insiders have acquired a total of 125,000 shares of company stock worth $1,199,150 in the last three months. Insiders own 0.92% of the company’s stock.

Several institutional investors have recently modified their holdings of CZR. Schwab Charles Investment Management Inc. grew its position in shares of Caesars Entertainment by 5.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 891,854 shares of the company’s stock worth $10,034,000 after buying an additional 48,437 shares during the last quarter. Northern Trust Corp grew its position in shares of Caesars Entertainment by 2.4% in the 1st quarter. Northern Trust Corp now owns 1,508,203 shares of the company’s stock worth $16,967,000 after buying an additional 35,593 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Caesars Entertainment by 584.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 267,697 shares of the company’s stock worth $3,012,000 after buying an additional 228,593 shares during the last quarter. Sei Investments Co. grew its position in shares of Caesars Entertainment by 131.6% in the 1st quarter. Sei Investments Co. now owns 224,570 shares of the company’s stock worth $2,526,000 after buying an additional 127,613 shares during the last quarter. Finally, Clinton Group Inc. purchased a new position in shares of Caesars Entertainment in the 1st quarter worth approximately $245,000.

Caesars Entertainment Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Analyst Recommendations for Caesars Entertainment (NASDAQ:CZR)

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