Vanguard Group Inc. Purchases 100,263 Shares of Caesars Entertainment, Inc. (NASDAQ:CZR)

Vanguard Group Inc. lifted its position in shares of Caesars Entertainment, Inc. (NASDAQ:CZR) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 23,364,859 shares of the company’s stock after purchasing an additional 100,263 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Caesars Entertainment worth $780,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Bogart Wealth LLC boosted its stake in shares of Caesars Entertainment by 1,777.8% during the 4th quarter. Bogart Wealth LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 800 shares during the period. Quarry LP acquired a new position in shares of Caesars Entertainment in the third quarter valued at about $68,000. Steward Partners Investment Advisory LLC bought a new position in Caesars Entertainment during the fourth quarter worth about $73,000. Avior Wealth Management LLC raised its stake in Caesars Entertainment by 12,577.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,282 shares of the company’s stock worth $76,000 after purchasing an additional 2,264 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Caesars Entertainment by 219.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,410 shares of the company’s stock worth $114,000 after purchasing an additional 2,343 shares in the last quarter. 91.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CZR has been the subject of a number of analyst reports. Truist Financial dropped their price target on shares of Caesars Entertainment from $52.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company dropped their price objective on Caesars Entertainment from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Macquarie reduced their target price on Caesars Entertainment from $47.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Raymond James decreased their price target on Caesars Entertainment from $55.00 to $49.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

Caesars Entertainment Price Performance

Shares of NASDAQ:CZR opened at $25.67 on Friday. Caesars Entertainment, Inc. has a one year low of $25.43 and a one year high of $45.93. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82. The company has a market cap of $5.44 billion, a price-to-earnings ratio of -15.37 and a beta of 2.97. The firm has a 50 day simple moving average of $32.79 and a 200 day simple moving average of $36.60.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.20. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. Research analysts predict that Caesars Entertainment, Inc. will post -0.77 earnings per share for the current fiscal year.

Caesars Entertainment Company Profile

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.