Insider Selling: Caesars Entertainment (NASDAQ:CZR) Director Sells $854,185.44 in Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 29,173 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $29.28, for a total value of $854,185.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Caesars Entertainment Price Performance

Shares of CZR opened at $29.49 on Friday. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of -12.44 and a beta of 1.77. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58. The stock’s fifty day moving average is $27.88 and its 200-day moving average is $25.16.

Caesars Entertainment (NASDAQ:CZR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. Caesars Entertainment’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted ($0.54) earnings per share. Equities analysts anticipate that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CZR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Caesars Entertainment in a report on Monday, May 18th. Zacks Research raised Caesars Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Texas Capital lowered Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Truist Financial lowered Caesars Entertainment from a “buy” rating to a “hold” rating and lowered their price target for the company from $32.00 to $31.00 in a report on Friday, May 29th. Finally, Wells Fargo & Company raised their price target on Caesars Entertainment from $26.00 to $31.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Caesars Entertainment has a consensus rating of “Hold” and an average target price of $32.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors grew its holdings in Caesars Entertainment by 29.8% during the third quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after acquiring an additional 3,716,148 shares during the period. State Street Corp grew its holdings in Caesars Entertainment by 0.8% during the second quarter. State Street Corp now owns 7,569,822 shares of the company’s stock worth $214,907,000 after acquiring an additional 61,065 shares during the period. Morgan Stanley grew its holdings in Caesars Entertainment by 121.0% during the fourth quarter. Morgan Stanley now owns 7,141,899 shares of the company’s stock worth $167,049,000 after acquiring an additional 3,910,430 shares during the period. Janus Henderson Group PLC grew its holdings in Caesars Entertainment by 5.8% during the first quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock worth $172,582,000 after acquiring an additional 355,760 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Caesars Entertainment by 246,899,900.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,938,000 shares of the company’s stock worth $115,500,000 after acquiring an additional 4,937,998 shares during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Caesars Entertainment

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Caesars highlighted promotional and brand-building activity, including an exclusive CZR Exchange VIP event tied to the Monaco Grand Prix, which may support customer engagement and awareness. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
• Neutral Sentiment: Shareholders approved directors, executive compensation, and the auditor at the annual meeting, which removes some governance uncertainty but is not a major operating catalyst.
• Negative Sentiment: Multiple law firms are investigating Caesars Entertainment over the fairness of its proposed sale to Fertitta Entertainment, creating a legal and deal-related overhang for CZR. Shareholder Alert: Ademi LLP investigates whether Caesars Entertainment, Inc. is obtaining a Fair Price for Public Shareholders
• Negative Sentiment: Recent insider selling by executives and directors, including large share disposals by Edmund Quatmann Jr. and Michael E. Pegram, may be pressuring sentiment because it can signal reduced confidence at current levels.
• Negative Sentiment: Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and no fresh bullish catalyst to offset the litigation and insider-sale concerns.

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.