Shares of Golden Entertainment Inc (NASDAQ:GDEN) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $36.33.
GDEN has been the topic of a number of research analyst reports. 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 on the stock. TheStreet cut shares of Golden Entertainment from a “b” rating to a “c+” rating in a report on Thursday, March 15th. Zacks Investment Research cut shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 20th. BidaskClub cut shares of Golden Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Finally, ValuEngine raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.
In other news, Director Timothy J. Cope sold 42,430 shares of Golden Entertainment stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $29.97, for a total value of $1,271,627.10. Following the transaction, the director now directly owns 73,821 shares of the company’s stock, valued at approximately $2,212,415.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 33.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in GDEN. American Century Companies Inc. acquired a new position in shares of Golden Entertainment in the 4th quarter valued at $263,000. Swiss National Bank purchased a new position in Golden Entertainment in the 4th quarter valued at $620,000. Wells Fargo & Company MN grew its position in Golden Entertainment by 60.3% in the 4th quarter. Wells Fargo & Company MN now owns 38,191 shares of the company’s stock valued at $1,247,000 after buying an additional 14,366 shares during the last quarter. BlackRock Inc. grew its position in Golden Entertainment by 7.7% in the 4th quarter. BlackRock Inc. now owns 544,913 shares of the company’s stock valued at $17,791,000 after buying an additional 38,732 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Golden Entertainment in the 4th quarter valued at $280,000. 59.89% of the stock is currently owned by institutional investors and hedge funds.
GDEN stock traded down $0.92 during midday trading on Friday, reaching $28.69. 722,749 shares of the company were exchanged, compared to its average volume of 240,756. 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 has a 1-year low of $19.41 and a 1-year high of $34.75. The stock has a market cap of $810.95 million, a P/E ratio of 84.38 and a beta of 0.49.
Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Wednesday, May 9th. The company reported $0.26 earnings per share 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. equities research analysts predict that Golden Entertainment will post 1.09 earnings per share for the current year.
About Golden Entertainment
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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