Caesars Entertainment (NASDAQ:CZR) Director Michael Pegram Sells 24,800 Shares

Caesars Entertainment, Inc. (NASDAQ:CZR) Director Michael Pegram sold 24,800 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $29.47, for a total transaction of $730,856.00. Following the completion of the sale, the director owned 16,897 shares of the company’s stock, valued at approximately $497,954.59. The trade was a 59.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Caesars Entertainment Stock Performance

NASDAQ CZR traded down $0.02 on Friday, hitting $29.49. 3,687,213 shares of the company’s stock were exchanged, compared to its average volume of 6,519,059. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of -12.44 and a beta of 1.77. The firm’s 50-day moving average price is $27.82 and its two-hundred day moving average price is $25.13. Caesars Entertainment, Inc. has a fifty-two week low of $17.86 and a fifty-two week high of $31.58. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.85 and a quick ratio of 0.83.

Caesars Entertainment (NASDAQ:CZR) last posted 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). Caesars Entertainment had a negative net margin of 4.19% and a negative return on equity of 7.88%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the business earned ($0.54) earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts expect that Caesars Entertainment, Inc. will post -0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

CZR has been the topic of several research analyst reports. Stifel Nicolaus decreased their target price on shares of Caesars Entertainment from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley raised their price objective on shares of Caesars Entertainment from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note 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. Barclays lowered their target price on shares of Caesars Entertainment from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Citigroup upped their target price on shares of Caesars Entertainment from $23.00 to $30.00 and gave the stock a “neutral” rating in a research 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 given a Sell rating to the stock. Based on data from MarketBeat, Caesars Entertainment presently has an average rating of “Hold” and an average price target of $32.80.

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.

Institutional Investors Weigh In On Caesars Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in CZR. ING Groep NV lifted its holdings in shares of Caesars Entertainment by 80.2% in the third quarter. ING Groep NV now owns 599,854 shares of the company’s stock valued at $16,211,000 after purchasing an additional 266,917 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Caesars Entertainment by 317.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,274,430 shares of the company’s stock worth $76,589,000 after purchasing an additional 2,490,924 shares in the last quarter. Capital World Investors raised its position in shares of Caesars Entertainment by 29.8% during the 3rd quarter. Capital World Investors now owns 16,193,070 shares of the company’s stock worth $437,622,000 after purchasing an additional 3,716,148 shares during the last quarter. SG Americas Securities LLC lifted its stake in Caesars Entertainment by 61.9% in the 4th quarter. SG Americas Securities LLC now owns 1,097,763 shares of the company’s stock valued at $25,677,000 after buying an additional 419,617 shares in the last quarter. Finally, HighVista Strategies LLC purchased a new stake in Caesars Entertainment in the 3rd quarter valued at approximately $1,162,000. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

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.