Gains May Be On The Menu For Caesars Entertainment Inc (NASDAQ: CZR)

Currently, there are 214.31M common shares owned by the public and among those 205.56M shares have been available to trade.

Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 379,038 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 162,601 shares.

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However, the script later moved the day high at 42.34, down -2.02%. The company’s stock has a 5-day price change of -6.84% and -8.74% over the past three months. CZR shares are trading -11.16% year to date (YTD), with the 12-month market performance down to -20.18% lower. It has a 12-month low price of $38.33 and touched a high of $60.27 over the same period. CZR has an average intraday trading volume of 3.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.29%, -7.83%, and -12.22% respectively.

Institutional ownership of Caesars Entertainment Inc (NASDAQ: CZR) shares accounts for 92.55% of the company’s 214.31M shares outstanding.

It has a market capitalization of $8.98B and a beta (3y monthly) value of 2.83. The stock’s trailing 12-month PE ratio is 12.62, while the earnings-per-share (ttm) stands at $3.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.50% over the week and 3.19% over the month.

Analysts forecast that Caesars Entertainment Inc (CZR) will achieve an EPS of $Caesars Entertainment, Inc. for the current quarter, $41.65 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Cencora, Inc. while analysts give the company a high EPS estimate of $Kezar Life Sciences, Inc.. Comparatively, EPS for the current quarter was $Cullen/Frost Bankers, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -69.71%, and 107.57% over the next financial year.

Looking at the support for the CZR, a number of firms have released research notes about the stock. JMP Securities stated their Mkt Outperform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $65. CapitalOne coverage for the Caesars Entertainment Inc (CZR) stock in a research note released on October 12, 2023 offered a Equal Weight rating with a price target of $51. Susquehanna was of a view on May 25, 2023 that the stock is Neutral, while Stifel gave the stock Buy rating on January 24, 2023, issuing a price target of $63- $68. BofA Securities on their part issued Neutral rating on December 14, 2022.

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