Why Caesars Entertainment Inc (CZR) Stock Could See Much Higher Prices Ahead

Caesars Entertainment Inc (NASDAQ: CZR) is -5.08% lower on its value in year-to-date trading and has touched a low of $38.33 and a high of $60.27 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CZR stock was last observed hovering at around $44.25 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $44.50, the stock is -0.14% and -2.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.05 million and changing 0.56% at the moment leaves the stock -6.25% off its SMA200. CZR registered -17.19% loss for a year compared to 6-month loss of -21.28%. The firm has a 50-day simple moving average (SMA 50) of $1.83 and a 200-day simple moving average (SMA200) of $6.15.

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The stock witnessed a -1.90% gain in the last 1 month and extending the period to 3 months gives it a 0.95%, and is 2.51% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.59% over the week and 3.36% over the month.

Current P/E ratio is 13.48 and Fwd P/E is 40.36. Profit margin for the company is 6.16%. Distance from 52-week low is 16.10% and -26.17% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).

Caesars Entertainment Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $2.85B over the same period.The EPS is expected to grow by 194.29% this year, but quarterly earnings will post 6.70% year-over-year. Quarterly sales are estimated to grow 1.00% in year-over-year returns.

Caesars Entertainment Inc (CZR) Top Institutional Holders

724 institutions hold shares in Caesars Entertainment Inc (CZR), with institutional investors hold 95.42% of the company’s shares. The shares outstanding are 214.31M, and float is at 205.56M with Short Float at 3.08%. Institutions hold 94.85% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 23.28 million shares valued at $1.19 billion. The investor’s holdings represent 10.81% of the CZR Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital Research Global Investors with 20.9 million shares valued at $1.07 billion to account for 9.71% of the shares outstanding. The other top investors are Blackrock Inc. which holds 17.33 million shares representing 8.05% and valued at over $883.45 million, while FMR, LLC holds 7.22% of the shares totaling 15.54 million with a market value of $792.0 million.

Caesars Entertainment Inc (CZR) Insider Activity

A total of 31 insider transactions have happened at Caesars Entertainment Inc (CZR) in the last six months, with sales accounting for 15 and purchases happening 16 times. The most recent transaction is an insider purchase by Pegram Michael E ,the company’sDirector. SEC filings show that Pegram Michael E bought 15,000 shares of the company’s common stock on Nov 10 at a price of $41.90 per share for a total of $0.63 million. Following the purchase, the insider now owns 0.14 million shares.

Caesars Entertainment Inc disclosed in a document filed with the SEC on Aug 25 that Lepori Stephanie (CAO & Chief Admin. Officer) sold a total of 33,282 shares of the company’s common stock. The trade occurred on Aug 25 and was made at $51.70 per share for $1.72 million. Following the transaction, the insider now directly holds 41910.0 shares of the CZR stock.

Still, SEC filings show that on Jun 14, Reeg Thomas (Chief Executive Officer) acquired 7,500 shares at an average price of $49.43 for $0.37 million. The insider now directly holds 17,500 shares of Caesars Entertainment Inc (CZR).

Caesars Entertainment Inc (CZR): Who are the competitors?

The company’s main competitors (and peers) include Las Vegas Sands Corp. (LVS) that is trading -6.78% down over the past 12 months. DraftKings Inc. Cl A (DKNG) that is 168.77% higher over the same period.