Caesars Entertainment (NASDAQ:CZR) Receives Neutral Rating from Susquehanna

Susquehanna restated their neutral rating on shares of Caesars Entertainment (NASDAQ:CZR) in a report issued on Friday,Benzinga reports. The brokerage currently has a $31.00 target price on the stock, down from their prior target price of $34.00.

A number of other research firms have also recently weighed in on CZR. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Truist Financial upped their price objective on shares of Caesars Entertainment from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Citigroup upped their price objective on shares of Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.73.

Caesars Entertainment Stock Performance

Shares of NASDAQ CZR opened at $29.05 on Friday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.83 and a current ratio of 0.85. The company’s fifty day moving average price is $27.32 and its 200 day moving average price is $24.52. The company has a market capitalization of $5.92 billion, a PE ratio of -12.26 and a beta of 1.77. Caesars Entertainment has a 1 year low of $17.86 and a 1 year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.54) earnings per share. On average, research analysts predict that Caesars Entertainment will post -0.5 earnings per share for the current year.

Institutional Investors Weigh In On Caesars Entertainment

A number of hedge funds have recently modified their holdings of CZR. Hantz Financial Services Inc. raised its position in shares of Caesars Entertainment by 110.6% in the third quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 510 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Caesars Entertainment by 456.7% in 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 during the last quarter. Sunbelt Securities Inc. raised its position in shares of Caesars Entertainment by 181.6% in the third quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after buying an additional 672 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Caesars Entertainment by 44.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after buying an additional 488 shares during the last quarter. Finally, Stance Capital LLC acquired a new stake in shares of Caesars Entertainment in the third quarter valued at about $43,000. 91.79% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Caesars Entertainment

Here are the key news stories impacting Caesars Entertainment this week:

• Positive Sentiment: Caesars agreed to be acquired by Fertitta Entertainment for $31 per share in cash, a major premium that supports the stock and explains the sharp investor interest. Reuters: Caesars Entertainment to be bought by Fertitta Entertainment for $17.6 billion
• Positive Sentiment: The deal could boost broader casino consolidation and signals continued strategic value in Caesars’ assets, which may help sentiment around the company. Proactive Investors: Caesars Entertainment buyout potential catalyst for broader casino consolidation
• Neutral Sentiment: JPMorgan and Susquehanna reaffirmed neutral-style views while trimming price targets to $31, essentially matching the offer price and suggesting limited upside from here. Benzinga analyst updates
• Negative Sentiment: Truist downgraded Caesars from buy to hold, while Raymond James cut the stock to market perform, reflecting reduced upside now that a buyout is in place. Benzinga analyst updates
• Negative Sentiment: Law firms have opened shareholder investigations into whether the $31 per-share deal is fair, which could create some legal overhang. Business Wire: shareholder investigation

About Caesars Entertainment

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.