Michael Pegram Sells 36,027 Shares of Caesars Entertainment (NASDAQ:CZR) Stock

Posted by Stanley Muller on Jun 10th, 2026

Caesars Entertainment, Inc. (NASDAQ:CZR – Get Free Report) Director Michael Pegram sold 36,027 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $29.31, for a total value of $1,055,951.37. Following the completion of the sale, the director directly owned 91,697 shares in the company, valued at approximately $2,687,639.07. This trade represents a 28.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Caesars Entertainment Stock Performance

CZR traded up $0.02 during trading on Wednesday, reaching $29.47. 5,396,275 shares of the company were exchanged, compared to its average volume of 6,563,017. Caesars Entertainment, Inc. has a 52 week low of $17.86 and a 52 week high of $31.58. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 3.25. The firm has a 50 day moving average of $27.68 and a 200 day moving average of $25.01. The stock has a market cap of $6.00 billion, a P/E ratio of -12.43 and a beta of 1.77.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CZR shares. Stifel Nicolaus dropped their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on Caesars Entertainment from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 2nd. Citigroup upped their price target on Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Wall Street Zen upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Truist Financial cut shares of Caesars Entertainment from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $32.00 to $31.00 in a report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.80.

Get Our Latest Stock Analysis on CZR

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cyrus Capital Partners L.P. acquired a new position in shares of Caesars Entertainment during the 1st quarter valued at about $37,795,000. Edgestream Partners L.P. acquired a new position in Caesars Entertainment in the 1st quarter valued at approximately $2,225,000. Janus Henderson Group PLC increased its stake in Caesars Entertainment by 5.8% in the first quarter. Janus Henderson Group PLC now owns 6,529,700 shares of the company’s stock valued at $172,582,000 after acquiring an additional 355,760 shares during the period. Amundi grew its position in Caesars Entertainment by 205.1% in the first quarter. Amundi now owns 1,587,634 shares of the company’s stock valued at $41,961,000 after acquiring an additional 1,067,259 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Caesars Entertainment by 59.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,882 shares of the company’s stock valued at $50,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Caesars Entertainment Company Profile

(Get Free Report)

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.