Stifel Nicolaus Lowers Caesars Entertainment (NASDAQ:CZR) Price Target to $51.00

Caesars Entertainment (NASDAQ:CZR) had its price target decreased by Stifel Nicolaus from $54.00 to $51.00 in a report released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Barclays dropped their target price on shares of Caesars Entertainment from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Macquarie restated an “outperform” rating and issued a $50.00 price objective on shares of Caesars Entertainment in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on Caesars Entertainment from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. JMP Securities dropped their target price on Caesars Entertainment from $57.00 to $53.00 and set a “market outperform” rating for the company in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their price target on Caesars Entertainment from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.36.

Caesars Entertainment Stock Up 1.2 %

Shares of CZR opened at $34.15 on Thursday. The company has a market capitalization of $7.26 billion, a P/E ratio of -20.45 and a beta of 2.90. Caesars Entertainment has a one year low of $30.78 and a one year high of $46.69. The business’s 50 day simple moving average is $35.22 and its 200-day simple moving average is $37.89. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.84 and a quick ratio of 0.82.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, October 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.25). Caesars Entertainment had a negative return on equity of 4.44% and a negative net margin of 3.20%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the company posted $0.34 EPS. Caesars Entertainment’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Caesars Entertainment will post -0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Caesars Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Caesars Entertainment by 9.8% in the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company’s stock valued at $116,000 after buying an additional 248 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Caesars Entertainment by 8.0% in the third quarter. Assetmark Inc. now owns 3,447 shares of the company’s stock worth $144,000 after acquiring an additional 256 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Caesars Entertainment by 3.0% during the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company’s stock worth $453,000 after purchasing an additional 317 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Caesars Entertainment by 25.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,010 shares of the company’s stock valued at $84,000 after purchasing an additional 403 shares in the last quarter. Finally, Fiduciary Family Office LLC grew its position in shares of Caesars Entertainment by 1.7% in the 3rd quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company’s stock valued at $1,052,000 after purchasing an additional 424 shares during the period. 91.79% of the stock is owned by institutional investors.

About Caesars Entertainment

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.