Caesars Entertainment (NASDAQ:CZR) Upgraded by Zacks Research to "Hold" Rating

Caesars Entertainment (NASDAQ:CZR - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

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Several other analysts have also issued reports on the company. Truist Financial dropped their target price on Caesars Entertainment from $38.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Cfra reaffirmed a "hold" rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research report on Friday, July 11th. Susquehanna cut their price objective on Caesars Entertainment from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on Caesars Entertainment from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus increased their target price on Caesars Entertainment from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.47.

View Our Latest Stock Analysis on CZR

Caesars Entertainment Stock Down 0.8%

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NASDAQ:CZR opened at $25.0720 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 6.08. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of -27.29 and a beta of 2.40. The stock has a 50-day moving average price of $27.91 and a two-hundred day moving average price of $28.74. Caesars Entertainment has a 1 year low of $21.40 and a 1 year high of $45.93.

Caesars Entertainment (NASDAQ:CZR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.46). Caesars Entertainment had a negative return on equity of 4.55% and a negative net margin of 1.71%.The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company earned ($0.56) earnings per share. The firm's quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts expect that Caesars Entertainment will post -0.77 earnings per share for the current year.

Institutional Inflows and Outflows

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Large investors have recently bought and sold shares of the stock. DAVENPORT & Co LLC raised its position in Caesars Entertainment by 1,051.1% during the 1st quarter. DAVENPORT & Co LLC now owns 3,495,915 shares of the company's stock worth $87,399,000 after purchasing an additional 3,192,224 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Caesars Entertainment by 14.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,495 shares of the company's stock worth $261,000 after acquiring an additional 1,360 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Caesars Entertainment in the 1st quarter worth about $30,148,000. GSA Capital Partners LLP bought a new position in shares of Caesars Entertainment in the 1st quarter worth about $540,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Caesars Entertainment by 19.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,234 shares of the company's stock valued at $725,000 after buying an additional 4,684 shares during the period. 91.79% of the stock is owned by institutional investors.

About Caesars Entertainment

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 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 retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.

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