Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Sells 50,000 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 50,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $29.41, for a total value of $1,470,500.00. Following the completion of the transaction, the director owned 41,697 shares of the company’s stock, valued at $1,226,308.77. The trade was a 54.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Caesars Entertainment Stock Up 0.1%

Shares of NASDAQ:CZR opened at $29.47 on Thursday. The firm has a market cap of $6.00 billion, a P/E ratio of -12.43 and a beta of 1.77. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 3.25. Caesars Entertainment, Inc. has a 12-month low of $17.86 and a 12-month high of $31.58. The business has a fifty day simple moving average of $27.76 and a 200 day simple moving average of $25.08.

Caesars Entertainment (NASDAQ:CZR) last announced its earnings results on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.85 billion. Caesars Entertainment had a negative return on equity of 7.88% and a negative net margin of 4.19%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.54) earnings per share. Analysts predict that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current year.

Key Stories Impacting Caesars Entertainment

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

• Positive Sentiment: Caesars promoted an invite-only CZR Exchange VIP event during the Monaco Grand Prix, which could help brand awareness and premium customer engagement. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
• Neutral Sentiment: Earlier insider buying by director Michael E. Pegram in May shows some prior confidence, but it is outweighed by the more recent sales activity.
• Negative Sentiment: Caesars is facing a shareholder-rights investigation from the Schall Law Firm over possible fiduciary-duty issues, adding a legal overhang for investors. CZR Investors Have the Opportunity to Join Investigation of Caesars Entertainment, Inc. with the Schall Law Firm
• Negative Sentiment: Multiple insider sales, including large disposals by Edmund Quatmann, Jr. and director Michael E. Pegram, may weigh on sentiment because they can signal reduced confidence at current levels. Caesars Entertainment (NASDAQ:CZR) Insider Edmund Quatmann, Jr. Sells 81,566 Shares
• Negative Sentiment: A separate investor-rights notice from another law firm about potential federal securities-law violations adds to the litigation risk surrounding CZR. Are CZR, RMAX, TBRG, SILA Obtaining Fair Deals for their Shareholders?

Hedge Funds Weigh In On Caesars Entertainment

Several hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Caesars Entertainment by 110.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 510 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Caesars Entertainment by 456.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,119 shares of the company’s stock valued at $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 3rd quarter. Sunbelt Securities Inc. now owns 1,042 shares of the company’s stock valued at $28,000 after acquiring an additional 672 shares during the period. CoreCap Advisors LLC raised its holdings in Caesars Entertainment by 44.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,581 shares of the company’s stock valued at $37,000 after acquiring an additional 488 shares during the period. Finally, Stance Capital LLC bought a new stake in Caesars Entertainment during the 3rd quarter valued at $43,000. Institutional investors own 91.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Texas Capital downgraded Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Citizens Jmp increased their price target on Caesars Entertainment from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Stifel Nicolaus reduced their target price on Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $31.00 target price (down from $35.00) on shares of Caesars Entertainment in a research note on Friday, May 29th. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $32.80.

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.