Golden Entertainment (NASDAQ:GDEN) has been assigned an average rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.00.
GDEN has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 20th. TheStreet lowered shares of Golden Entertainment from a “b” rating to a “c+” rating in a report on Thursday, March 15th. Telsey Advisory Group assumed coverage on shares of Golden Entertainment in a report on Tuesday, March 13th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, ValuEngine raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new position in shares of Golden Entertainment in the fourth quarter valued at $131,600,000. Park West Asset Management LLC purchased a new position in shares of Golden Entertainment in the first quarter valued at $31,361,000. BlackRock Inc. grew its holdings in shares of Golden Entertainment by 99.8% in the first quarter. BlackRock Inc. now owns 1,088,784 shares of the company’s stock valued at $25,292,000 after purchasing an additional 543,871 shares in the last quarter. Zeke Capital Advisors LLC purchased a new position in shares of Golden Entertainment in the first quarter valued at $23,244,000. Finally, Renaissance Technologies LLC grew 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 valued at $15,522,000 after purchasing an additional 154,397 shares in the last quarter. 60.10% of the stock is owned by institutional investors and hedge funds.
Golden Entertainment opened at $30.31 on Wednesday, according to Marketbeat.com. Golden Entertainment has a 12 month low of $15.95 and a 12 month high of $34.75. The company has a market cap of $846.28 million, a price-to-earnings ratio of 89.15 and a beta of 0.49. The company has a current ratio of 2.32, a quick ratio of 2.25 and a debt-to-equity ratio of 2.74.
Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Wednesday, May 9th. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Golden Entertainment had a net margin of 0.12% and a return on equity of 1.45%. The company had revenue of $214.79 million for the quarter, compared to analysts’ expectations of $214.20 million. analysts expect that Golden Entertainment will post 1.09 earnings per share for the current year.
Golden Entertainment Company Profile
Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.
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