Shares of Golden Entertainment Inc (NASDAQ:GDEN) have earned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $35.00.
Several research analysts recently issued reports on GDEN shares. BidaskClub lowered shares of Golden Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Jefferies Group started coverage on shares of Golden Entertainment in a research note on Thursday, January 18th. They issued a “buy” rating and a $38.00 price target for the company. Telsey Advisory Group started coverage on shares of Golden Entertainment in a research note on Tuesday, March 13th. They issued an “outperform” rating and a $32.00 price target for the company. TheStreet lowered shares of Golden Entertainment from a “b” rating to a “c+” rating in a research note on Thursday, March 15th. Finally, Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 20th.
Shares of Golden Entertainment stock traded down $0.48 during trading on Tuesday, hitting $24.58. The company’s stock had a trading volume of 335,855 shares, compared to its average volume of 511,620. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.71 and a quick ratio of 1.64. The firm has a market cap of $673.20, a price-to-earnings ratio of 72.29 and a beta of 0.52. Golden Entertainment has a 52 week low of $13.03 and a 52 week high of $34.75.
Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, March 15th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.50). The business had revenue of $184.35 million during the quarter, compared to the consensus estimate of $174.80 million. Golden Entertainment had a return on equity of 1.86% and a net margin of 0.43%. equities analysts anticipate that Golden Entertainment will post 1.45 EPS for the current year.
In other Golden Entertainment news, Director Lyle Berman sold 750,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $26.64, for a total transaction of $19,980,000.00. Following the completion of the sale, the director now directly owns 1,642,841 shares in the company, valued at approximately $43,765,284.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,046,494 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $26.64, for a total transaction of $107,798,600.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,750,000 shares of company stock valued at $153,180,000. 52.00% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in shares of Golden Entertainment in the fourth quarter worth approximately $131,600,000. BlackRock Inc. boosted its holdings in shares of Golden Entertainment by 7.7% in the fourth quarter. BlackRock Inc. now owns 544,913 shares of the company’s stock worth $17,791,000 after buying an additional 38,732 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Golden Entertainment by 48.1% in the fourth quarter. Renaissance Technologies LLC now owns 475,397 shares of the company’s stock worth $15,522,000 after buying an additional 154,397 shares during the last quarter. State Street Corp boosted its holdings in shares of Golden Entertainment by 8.3% in the second 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. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Golden Entertainment by 3.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 169,406 shares of the company’s stock worth $5,531,000 after buying an additional 6,204 shares during the last quarter. Institutional investors and hedge funds own 39.13% of the company’s stock.
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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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