Caesars Entertainment (NASDAQ:CZR) CFO Bret Yunker Sells 208,134 Shares

Caesars Entertainment, Inc. (NASDAQ:CZRGet Free Report) CFO Bret Yunker sold 208,134 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $29.62, for a total value of $6,164,929.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Caesars Entertainment Price Performance

NASDAQ:CZR opened at $29.76 on Friday. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $30.88. The stock has a market cap of $6.06 billion, a PE ratio of -13.05 and a beta of 1.77. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a 50 day moving average price of $29.84 and a 200 day moving average price of $27.37.

Caesars Entertainment (NASDAQ:CZRGet Free Report) last issued its earnings results on Tuesday, July 28th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.35). Caesars Entertainment had a negative net margin of 3.99% and a negative return on equity of 7.64%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the previous year, the company earned ($0.39) earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts expect that Caesars Entertainment, Inc. will post -0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CZR. JPMorgan Chase & Co. reissued a “neutral” rating and set a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Friday, May 29th. Truist Financial downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the company from $32.00 to $31.00 in a research report on Friday, May 29th. Citizens Jmp boosted their price target on shares of Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 29th. TD Cowen lowered Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Wednesday, July 29th. Finally, Stifel Nicolaus downgraded Caesars Entertainment from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.71.

Check Out Our Latest Research Report on Caesars Entertainment

Hedge Funds Weigh In On Caesars Entertainment

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of Caesars Entertainment in the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its stake 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 worth $26,000 after acquiring an additional 918 shares during the period. Sunbelt Securities Inc. raised its holdings in Caesars Entertainment by 181.6% during the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock worth $28,000 after purchasing an additional 672 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Caesars Entertainment by 87.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,817 shares of the company’s stock worth $42,000 after purchasing an additional 846 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Caesars Entertainment by 59.5% in the first 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 during the period. 91.79% of the stock is owned by institutional investors and hedge funds.

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.

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Insider Buying and Selling by Quarter for Caesars Entertainment (NASDAQ:CZR)

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