Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Sells 36,027 Shares of Stock

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 36,027 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $29.31, for a total transaction of $1,055,951.37. Following the sale, the director owned 91,697 shares in the company, valued at $2,687,639.07. The trade was a 28.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Caesars Entertainment Trading Up 0.1%

Shares of Caesars Entertainment stock opened at $29.47 on Thursday. The company has a market capitalization of $6.00 billion, a price-to-earnings 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 firm’s 50-day moving average price is $27.76 and its two-hundred day moving average price is $25.08.

Caesars Entertainment (NASDAQ:CZR) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The firm 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 company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.54) earnings per share. On average, analysts forecast that Caesars Entertainment, Inc. will post -0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CZR. Truist Financial downgraded shares of Caesars Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $32.00 to $31.00 in a research note on Friday, May 29th. Citizens Jmp raised 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 note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $31.00 price target (down from $35.00) on shares of Caesars Entertainment in a research note on Monday, June 1st. Jefferies Financial Group raised their price target on shares of Caesars Entertainment from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, April 6th. Finally, Zacks Research upgraded shares of Caesars Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.80.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its holdings in Caesars Entertainment by 110.6% in the 3rd 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 holdings in Caesars Entertainment by 456.7% in the 4th 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 holdings in Caesars Entertainment by 181.6% in the 3rd 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 holdings in Caesars Entertainment by 44.6% in the 4th 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 bought a new position in Caesars Entertainment in the 3rd quarter valued at approximately $43,000. Institutional investors own 91.79% of the company’s stock.

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?

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.