Caesars Entertainment Inc. (NASDAQ:CZR) shares traded 7.39% higher at $56.35 on Wall Street last session.
In accordance with the data, 16 analysts cover Caesars Entertainment Inc. (NASDAQ:CZR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $111.00 and a low of $39.00, we find $70.00. Given the previous closing price of $52.47, this indicates a potential upside of 33.41 percent. CZR stock price is now 20.33% away from the 50-day moving average and 21.57% away from the 200-day moving average. The market capitalization of the company currently stands at $12.45B.
It has been rated a hold by 4 analysts and a buy by 10. Brokers who have rated the stock have averaged $70.21 as their price target over the next twelve months.
With the price target enhanced from $27 to $39, Susquehanna Upgraded its rating from Negative to Neutral for Caesars Entertainment Inc. (NASDAQ: CZR).
In other news, Reeg Thomas, Chief Executive Officer bought 7,500 shares of the company’s stock on Jun 14. The stock was bought for $370,725 at an average price of $49.43. Upon completion of the transaction, the Chief Executive Officer now directly owns 17,500 shares in the company, valued at $0.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, Director Pegram Michael E bought 25,000 shares of the business’s stock. A total of $1,125,432 was incurred on buying the stock at an average price of $45.02. This leaves the insider owning 121,697 shares of the company worth $6.86 million. Insiders disposed of 127,910 shares of company stock worth roughly $7.21 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CZR stock. A new stake in Caesars Entertainment Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $96,755,000. BAMCO INC /NY/ invested $46,957,000 in shares of CZR during the first quarter. In the first quarter, 683 CAPITAL MANAGEMENT, LLC acquired a new stake in Caesars Entertainment Inc. valued at approximately $19,723,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in CZR for approximately $15,303,000. 1832 ASSET MANAGEMENT L.P. purchased a new stake in CZR valued at around $12,204,000 in the second quarter.
Caesars Entertainment Inc. (NASDAQ: CZR) opened at $52.76 on Tuesday. During the past 12 months, Caesars Entertainment Inc. has had a low of $31.31 and a high of $56.75. As of last week, the company has a debt-to-equity ratio of 7.12, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for CZR is $47.09 and a two-hundred day moving average price translates $46.46 for the stock.
The latest earnings results from Caesars Entertainment Inc. (NASDAQ: CZR) was released for Mar, 2023. According to the Resorts & Casinos Company, earnings per share came in at -$0.63, missing analysts’ expectations of -$0.01 by -0.62. This compares to -$1.07 EPS in the same period last year. The net profit margin was -3.10% and return on equity was -9.60% for CZR. The company reported revenue of $2.83 billion for the quarter, compared to $2.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.47 percent. For the current quarter, analysts expect CZR to generate $2.87B in revenue.
Caesars Entertainment Inc.(CZR) Company Profile
Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 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 sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno. In addition, the company operates dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.
