Caesars Entertainment (NASDAQ:CZR) Downgraded by Zacks Research to Strong Sell

Posted by Stanley Muller on Jul 2nd, 2026

Zacks Research downgraded shares of Caesars Entertainment (NASDAQ:CZR – Free Report) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks.com reports.

CZR has been the subject of a number of other reports. Citigroup raised their target price on shares of Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Texas Capital cut Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Wells Fargo & Company increased their price objective on Caesars Entertainment from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 2nd. Citizens Jmp raised their price objective on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 29th. Finally, Raymond James Financial lowered Caesars Entertainment from a “strong-buy” rating to a “market perform” rating in a research report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Caesars Entertainment presently has an average rating of “Hold” and an average target price of $32.53.

Get Our Latest Stock Report on CZR

Caesars Entertainment Price Performance

Shares of Caesars Entertainment stock opened at $30.41 on Tuesday. Caesars Entertainment 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 stock has a market cap of $6.19 billion, a PE ratio of -12.83 and a beta of 1.76. The company’s 50-day moving average price is $28.60 and its two-hundred day moving average price is $25.79.

Caesars Entertainment (NASDAQ:CZR – Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.54) EPS. As a group, sell-side analysts anticipate that Caesars Entertainment will post -0.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael E. Pegram sold 16,897 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $29.46, for a total value of $497,785.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edmund L. Quatmann, Jr. sold 81,566 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $29.35, for a total transaction of $2,393,962.10. Following the completion of the transaction, the insider directly owned 18,263 shares of the company’s stock, valued at $536,019.05. This represents a 81.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 293,463 shares of company stock worth $8,609,241 in the last 90 days. 1.18% of the stock is owned by company insiders.

Institutional Trading of Caesars Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of CZR. Caitong International Asset Management Co. Ltd grew its holdings in shares of Caesars Entertainment by 456.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $26,000 after buying an additional 918 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Caesars Entertainment by 181.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after acquiring an additional 672 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Caesars Entertainment by 44.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock worth $37,000 after acquiring an additional 488 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Caesars Entertainment by 87.1% during the 4th quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after acquiring an additional 846 shares during the period. Finally, Stance Capital LLC acquired a new stake in Caesars Entertainment during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Caesars Entertainment

(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.