Caesars Entertainment, Inc. (CZR) Stock Price & Analysis
Caesars Entertainment, Inc. (CZR) closed at USD 29.07 on Thursday, October 22, 2026, up 0.59% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 28.9; the Oct 22, 2026 session ranged USD 28.81–29.11 on volume of 7,847,928 shares. Market capitalization is $5.92B, with a 52-week range of USD 17.86–30.88 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CZR.md
Key facts (CZR)
- Last four reported quarters (through Jun 30, 2026): revenue $11.6B, net income -$465M (-4.0% margin), free cash flow $610M (SEC filings).
- 1 of 80 tracked superinvestors hold CZR (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 9 Form 4 filings, $18.4M; 9 not under a Rule 10b5-1 plan ($18.4M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $221K.
- Analysts: Hold (mean 2.87 on a 1–5 scale) (15 analysts), mean target USD 31.27 (range 31–35).
- Total return with dividends: 1Y +25.9% vs S&P 500 +14.9%; 5Y -74.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.08, revenue estimate $2.96B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CZR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $9.57B | $10.8B | $11.5B | $11.2B | $11.5B | $11.6B |
| Operating income | $1.46B | $1.74B | $2.47B | $2.30B | $1.86B | $1.86B |
| Net income | -$1.02B | -$899M | $786M | -$278M | -$502M | -$465M |
| EPS (diluted) | -$4.83 | -$4.19 | $3.64 | -$1.29 | -$2.42 | — |
| Free cash flow | $679M | $41.0M | $545M | -$221M | $497M | $610M |
| Operating margin | 15.3% | 16.1% | 21.4% | 20.5% | 16.2% | 15.9% |
| Net margin | -10.6% | -8.3% | 6.8% | -2.5% | -4.4% | -4.0% |
| Revenue growth | +163.8% | +13.1% | +6.5% | -2.5% | +2.1% | — |
| Cash + short-term investments | — | $1.04B | $1.00B | $866M | $887M | — |
| Total debt | $14.3B | $13.1B | $12.4B | $12.3B | $11.9B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CZR)
P/S 0.5x · EV/EBITDA 5.2x · EV/Sales 1.4x · P/FCF 9.7x · P/B 1.8x · FCF yield 10.30% · Earnings yield -7.85% · Net debt $10.8B · EV $16.8B
P/E at fiscal year-ends: Dec 2023 12.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (CZR)
1 of 80 tracked investors hold CZR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Carl Icahn | Icahn Capital Management | 0.89% | $73.6M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (CZR)
0 of 9 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-14…2026-09-15 | Tomick David P | Director | 14,142 | $420K | 35.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-10…2026-09-11 | Tomick David P | Director | 14,000 | $415K | 26.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-27 | Jones Blackhurst Janis L | Director | 33,899 | $1.0M | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-19 | Yunker Bret | Chief Financial Officer | 208,134 | $6.2M | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14 | Jones Josh | Chief Marketing Officer | 59,507 | $1.8M | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-11…2026-06-12 | Pegram Michael E | Director | 41,697 | $1.2M | 90% | No | Too little history (no open-market trades in 2025) |
| 2026-06-08…2026-06-10 | Pegram Michael E | Director | 115,200 | $3.4M | 71.3% | No | Too little history (no open-market trades in 2025) |
| 2026-06-09 | Quatmann Edmund L Jr | Chief Legal Officer | 81,566 | $2.4M | 81.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-02 | Pegram Michael E | Director | 55,000 | $1.6M | 26% | No | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (CZR)
1 purchase, $221K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price |
|---|---|---|---|---|---|
| 2023-05-12…2023-05-16 | Pegram Michael E | Director | 5,200 | $221K | 42.52 |
Analysts (CZR)
Consensus Hold (mean 2.87 on a 1–5 scale), 15 analysts; mean target USD 31.27 (low 31, high 35).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-29 | TD Cowen | Downgrade | Buy → Hold | $31 |
| 2026-07-29 | Macquarie | Maintained | Neutral | $31 |
| 2026-07-09 | Barclays | Downgrade | Overweight → Equal-Weight | $35 → $31 |
Total return (dividends reinvested) (CZR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +25.9% | -74.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +26.1% | -23.6% |
| Volatility (annualized) | 43.9% | 46.9% |
| Max drawdown | -28.4% (Jan 2026→Feb 2026) | -83.8% (Oct 2021→Feb 2026) |
CZR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.08 | $0.07 | +6.7% | $2.96B | 2 |
| Next quarter (ends Dec 2026) | $0.09 | $0.09 | -2.7% | $3.02B | 2 |
| Current fiscal year (ends Dec 2026) | $-0.72 | $0.15 | -580.0% | $11.84B | 1 |
| Next fiscal year (ends Dec 2027) | $0.72 | $0.84 | -14.7% | $12.13B | 3 |
CZR options: expected move
Options price a move of about ±9.4% (±$2.73) by Oct 30, 2026, which includes earnings on Oct 27, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 41.3% | ±9.4% |
| Nov 13, 2026 | 21 | 42.8% | ±2.2% |
| Nov 20, 2026 | 28 | 37.5% | ±2.0% |
| Dec 18, 2026 | 56 | 22.2% | ±6.1% |
| Jan 15, 2027 | 84 | 23.9% | ±10.9% |
| Mar 19, 2027 | 147 | 22.0% | ±8.8% |
| Jun 17, 2027 | 237 | 13.0% | ±10.4% |
| Aug 20, 2027 | 301 | 14.1% | ±4.5% |
30-day implied volatility 11.2% vs 6.4% realized over the last 30 trading days. Put/call ratio (volume) 0.06. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 29.07 |
|---|---|
| Change | ▲ 0.59% (up) |
| Previous Close | USD 28.9 |
| Open | USD 28.81 |
| Day Range | USD 28.81 – 29.11 |
| 52-Week Range | USD 17.86 – 30.88 |
| Volume | 7,847,928 shares |
| Market Cap | $5.92B |
| Exchange | NMS |
Technical Analysis (CZR)
Nexqual's technical model rates CZR "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 37.51 (neutral) |
| vs SMA50 | Below (USD 29.56) |
| MACD | -0.17 (negative) |
Analyst Ratings (CZR)
Wall Street analysts rate CZR "Hold" based on 15 analysts, with a mean price target of USD 31.27 (range USD 31–35), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 15 |
| Mean Target | USD 31.27 |
| High Target | USD 35 |
| Low Target | USD 31 |
| Buy / Hold / Sell | 1 / 14 / 0 |
Earnings (CZR)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 0.08 |
| Revenue Estimate | $2.96B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.19 vs est 0.13 ▼ miss |
| 2026-03-31 | USD -0.4 vs est -0.14 ▼ miss |
| 2025-12-31 | USD -0.27 vs est -0.23 ▼ miss |
| 2025-09-30 | USD -0.26 vs est 0.08 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (CZR)
| Total Revenue | $11.65B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +3.00% |
| Gross Margin | +49.69% |
| Operating Margin | +17.67% |
| Profit Margin | -3.99% |
| ROE | -10.38% |
| Debt / Equity | 7.3 |
| Current Ratio | 0.85 |
| Total Cash | $965.00M |
| Total Debt | $25.92B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $610.00M (5.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (CZR)
Nexqual rates Caesars Entertainment, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Mixed — Revenue +2.1% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 50%, operating 18% (last 12 months) |
| Balance Sheet | Critical — $965M cash and investments vs $11.8B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $610M (last 4 quarters to Jun 2026, SEC), 5% margin |
| Efficiency | Critical — ROE -10%, ROA 4.0% |
Ownership (CZR)
| Insider Ownership | +0.79% |
|---|---|
| Institutional Ownership | +97.70% |
| Shares Outstanding | 203.78M |
| Float | 181.89M |
| Short % of Float | +11.81% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (CZR)
Caesars Entertainment, Inc. is led by Thomas Robert Reeg, CEO & Director, per Nexqual as of October 23, 2026 at 09:26 UTC.
| CEO & Director | Thomas Robert Reeg |
|---|---|
| Executive Chairman of the Board | Gary L. Carano |
| President & COO | Anthony L. Carano |
| Chief Financial Officer | Bret D. Yunker |
| Senior Vice President of Finance, Treasury & Investor Relations | Brian Matthew Agnew |
Major Backers & Investors (CZR)
Notable institutional backers of Caesars Entertainment, Inc. include Pentwater Capital Management Lp, Morgan Stanley, SG Americas Securities, LLC, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Pentwater Capital Management Lp | 5.63% |
| Morgan Stanley | 3.89% |
| SG Americas Securities, LLC | 3.75% |
| Balyasny Asset Management LP | 2.93% |
| Kite Lake Capital Management (UK) LLP | 2.7% |
| BARON SELECT FUNDS-Baron Real Estate Fund | 0.79% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 13.5% |
| Vanguard Group | 9.41% |
| State Street | 3.28% |
| Geode Capital | 1.8% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MTN | Vail Resorts, Inc. | USD 148.23 | ▲ 0.83% |
| BYD | Boyd Gaming Corporation | USD 72.27 | ▲ 2.35% |
| RRR | Red Rock Resorts, Inc. | USD 50.43 | ▲ 2.38% |
| MGM | MGM Resorts International | USD 29.5 | ▲ 2.18% |
| WYNN | Wynn Resorts, Limited | USD 75.13 | ▼ 0.83% |
| VAC | Marriott Vacations Worldwide Co | USD 112.93 | ▼ 0.16% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
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