Deutsche Bank Analysts Give Golden Entertainment (GDEN) a $38.00 Price Target

Golden Entertainment (NASDAQ:GDEN) has been given a $38.00 target price by stock analysts at Deutsche Bank in a research report issued to clients and investors on Saturday, November 10th. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 106.41% from the company’s previous close.

Several other equities analysts have also commented on GDEN. BidaskClub lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. ValuEngine lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Jefferies Financial Group upped their price target on shares of Golden Entertainment from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. TheStreet lowered shares of Golden Entertainment from a “b” rating to a “c” rating in a research report on Wednesday, August 15th. Finally, Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.00.

GDEN traded up $0.32 during trading on Friday, hitting $18.41. The company had a trading volume of 413,300 shares, compared to its average volume of 371,472. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.50 and a quick ratio of 2.41. Golden Entertainment has a 1-year low of $13.25 and a 1-year high of $34.75. The stock has a market capitalization of $506.36 million, a PE ratio of 54.15, a P/E/G ratio of 11.67 and a beta of 0.95.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Thursday, November 8th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.26). The business had revenue of $210.34 million for the quarter, compared to the consensus estimate of $214.70 million. Golden Entertainment had a negative net margin of 1.09% and a negative return on equity of 1.65%. On average, equities research analysts forecast that Golden Entertainment will post 0.16 earnings per share for the current fiscal year.

In other news, SVP Thomas Edwin Haas acquired 2,200 shares of Golden Entertainment stock in a transaction on Wednesday, November 14th. The stock was bought at an average cost of $15.03 per share, with a total value of $33,066.00. Following the completion of the purchase, the senior vice president now owns 3,736 shares of the company’s stock, valued at $56,152.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Charles Protell acquired 13,340 shares of Golden Entertainment stock in a transaction on Tuesday, November 13th. The shares were purchased at an average cost of $13.90 per share, with a total value of $185,426.00. Following the completion of the purchase, the vice president now directly owns 143,434 shares of the company’s stock, valued at approximately $1,993,732.60. The disclosure for this purchase can be found here. Insiders acquired a total of 20,040 shares of company stock valued at $283,367 over the last three months. 33.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at about $108,000. Navellier & Associates Inc acquired a new position in Golden Entertainment in the second quarter worth approximately $202,000. Quantbot Technologies LP increased its holdings in Golden Entertainment by 106.0% in the third quarter. Quantbot Technologies LP now owns 8,633 shares of the company’s stock worth $207,000 after buying an additional 4,443 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Golden Entertainment in the third quarter worth approximately $212,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Golden Entertainment in the second quarter worth approximately $218,000. Institutional investors own 66.29% of the company’s stock.

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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