Caesars Entertainment Co. (NASDAQ:CZR) saw unusually large options trading on Monday. Stock traders acquired 88,311 call options on the company. This is an increase of approximately 840% compared to the average daily volume of 9,390 call options.

CZR stock opened at $9.78 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 6.02. The company has a market capitalization of $6.38 billion, a PE ratio of -51.47 and a beta of 1.19. Caesars Entertainment has a 1 year low of $5.84 and a 1 year high of $12.15.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.13). The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Caesars Entertainment had a net margin of 1.41% and a negative return on equity of 9.84%. Caesars Entertainment’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. Equities research analysts predict that Caesars Entertainment will post -0.45 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC purchased a new stake in shares of Caesars Entertainment in the first quarter valued at approximately $25,000. Meridian Wealth Management LLC purchased a new stake in shares of Caesars Entertainment in the first quarter valued at approximately $28,000. AlphaCrest Capital Management LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $74,000. Lehman & Derafelo Financial Resources LLC purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $75,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Caesars Entertainment in the fourth quarter valued at approximately $85,000.

Several equities research analysts have commented on the company. Credit Suisse Group reiterated an “outperform” rating and set a $13.00 price objective on shares of Caesars Entertainment in a research note on Wednesday, March 20th. Zacks Investment Research lowered Caesars Entertainment from a “hold” rating to a “strong sell” rating in a research note on Friday, March 1st. BidaskClub lowered Caesars Entertainment from a “hold” rating to a “sell” rating in a research note on Friday. UBS Group boosted their price objective on Caesars Entertainment from $7.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Deutsche Bank reiterated a “buy” rating and set a $11.00 price objective on shares of Caesars Entertainment in a research note on Monday, February 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.50.

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About Caesars Entertainment

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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