Golden Entertainment (NASDAQ:GDEN) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.
Several other brokerages also recently weighed in on GDEN. Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 20th. TheStreet downgraded Golden Entertainment from a “b” rating to a “c+” rating in a research note on Thursday, March 15th. Telsey Advisory Group started coverage on Golden Entertainment in a research note on Tuesday, March 13th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, Jefferies Group started coverage on Golden Entertainment in a research note on Thursday, January 18th. They set a “buy” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.00.
GDEN opened at $25.32 on Thursday. The firm has a market capitalization of $688.80, a PE ratio of 74.47 and a beta of 0.52. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.71 and a quick ratio of 1.64. Golden Entertainment has a 12 month low of $13.60 and a 12 month high of $34.75.
Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, March 15th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.50). The company 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%. research analysts expect that Golden Entertainment will post 1.45 earnings per share for the current year.
In other Golden Entertainment news, Director Lyle Berman sold 750,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $26.64, for a total transaction of $19,980,000.00. Following the sale, the director now 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, Chairman Blake L. Sartini sold 953,506 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $26.64, for a total value of $25,401,399.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,750,000 shares of company stock worth $153,180,000. Company insiders own 52.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of GDEN. Ramsey Quantitative Systems purchased a new stake in Golden Entertainment during the 4th quarter valued at about $168,000. Bessemer Group Inc. grew its stake in Golden Entertainment by 194.4% during the 4th quarter. Bessemer Group Inc. now owns 5,300 shares of the company’s stock valued at $173,000 after purchasing an additional 3,500 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in Golden Entertainment during the 4th quarter valued at about $180,000. Martingale Asset Management L P purchased a new stake in Golden Entertainment during the 4th quarter valued at about $223,000. Finally, Perkins Capital Management Inc. purchased a new stake in Golden Entertainment during the 4th quarter valued at about $257,000. Institutional investors and hedge funds own 39.17% 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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