Macquarie initiated coverage on shares of Golden Entertainment, Inc. (NASDAQ:GDEN) in a research report sent to investors on Wednesday. The brokerage issued an outperform rating and a $35.00 target price on the stock.
Several other analysts also recently commented on GDEN. BidaskClub upgraded shares of Golden Entertainment from a hold rating to a buy rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Golden Entertainment from a buy rating to a hold rating in a research report on Wednesday, July 12th.
Shares of Golden Entertainment (NASDAQ:GDEN) traded up 0.87% on Wednesday, hitting $26.70. 29,781 shares of the company traded hands. The company has a market capitalization of $596.00 million, a PE ratio of 33.09 and a beta of 0.12. The stock’s 50-day moving average price is $24.22 and its 200-day moving average price is $20.17. Golden Entertainment has a 12 month low of $8.65 and a 12 month high of $27.08.
Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Friday, August 4th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.14). Golden Entertainment had a net margin of 4.29% and a return on equity of 6.26%. The business had revenue of $110.49 million during the quarter, compared to analysts’ expectations of $112.30 million. On average, equities analysts predict that Golden Entertainment will post $0.66 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Golden Entertainment by 19.5% during the 2nd quarter. Vanguard Group Inc. now owns 394,913 shares of the company’s stock worth $8,179,000 after buying an additional 64,501 shares during the last quarter. State Street Corp raised its position in Golden Entertainment by 8.3% during the 2nd quarter. State Street Corp now owns 188,575 shares of the company’s stock worth $3,901,000 after buying an additional 14,459 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Golden Entertainment by 24.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 157,000 shares of the company’s stock worth $3,251,000 after buying an additional 31,000 shares during the last quarter. Northern Trust Corp raised its position in Golden Entertainment by 6.6% during the 2nd quarter. Northern Trust Corp now owns 125,019 shares of the company’s stock worth $2,589,000 after buying an additional 7,709 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in Golden Entertainment by 225.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 94,581 shares of the company’s stock worth $1,958,000 after buying an additional 65,484 shares during the last quarter. Institutional investors own 27.50% of the company’s stock.
About Golden Entertainment
Golden Entertainment, Inc is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.
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