Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Sells 16,897 Shares

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 16,897 shares of Caesars Entertainment stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $29.46, for a total transaction of $497,785.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Caesars Entertainment Stock Down 0.1%

CZR stock opened at $29.49 on Friday. The firm has a market cap of $6.01 billion, a PE ratio of -12.44 and a beta of 1.77. 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 firm’s 50 day moving average price is $27.88 and its 200-day moving average price is $25.16. Caesars Entertainment, Inc. has a one year low of $17.86 and a one year high of $31.58.

Caesars Entertainment (NASDAQ:CZR) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.54) EPS. On average, equities research analysts anticipate that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

More Caesars Entertainment News

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

• Positive Sentiment: Caesars highlighted promotional and brand-building activity, including an exclusive CZR Exchange VIP event tied to the Monaco Grand Prix, which may support customer engagement and awareness. CZR Exchange Hosts Exclusive VIP Trading Community Experience During Monaco Grand Prix 2026
• Neutral Sentiment: Shareholders approved directors, executive compensation, and the auditor at the annual meeting, which removes some governance uncertainty but is not a major operating catalyst.
• Negative Sentiment: Multiple law firms are investigating Caesars Entertainment over the fairness of its proposed sale to Fertitta Entertainment, creating a legal and deal-related overhang for CZR. Shareholder Alert: Ademi LLP investigates whether Caesars Entertainment, Inc. is obtaining a Fair Price for Public Shareholders
• Negative Sentiment: Recent insider selling by executives and directors, including large share disposals by Edmund Quatmann Jr. and Michael E. Pegram, may be pressuring sentiment because it can signal reduced confidence at current levels.
• Negative Sentiment: Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and no fresh bullish catalyst to offset the litigation and insider-sale concerns.

Hedge Funds Weigh In On Caesars Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of CZR. Hantz Financial Services Inc. boosted its stake in 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 acquiring an additional 510 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in 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 acquiring an additional 918 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in 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 acquiring an additional 672 shares in the last quarter. CoreCap Advisors LLC boosted its stake in 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 acquiring an additional 488 shares in the last quarter. Finally, Stance Capital LLC acquired a new position in Caesars Entertainment in the third quarter valued at $43,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Citizens Jmp lifted their target price on shares of Caesars Entertainment from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Caesars Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Morgan Stanley lifted their target price on shares of Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Texas Capital downgraded shares of Caesars Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Finally, Citigroup lifted their target price on shares of Caesars Entertainment from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.80.

Caesars Entertainment Company Profile

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.