Golden Entertainment Inc (GDEN) Given Average Rating of “Hold” by Brokerages

Golden Entertainment Inc (NASDAQ:GDEN) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $24.67.

GDEN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 16th. BidaskClub lowered Golden Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Deutsche Bank cut their price objective on Golden Entertainment from $38.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Finally, ValuEngine lowered Golden Entertainment from a “hold” rating to a “sell” rating in a report on Friday, March 15th.

Golden Entertainment stock traded down $0.68 during midday trading on Wednesday, reaching $14.02. The company’s stock had a trading volume of 10,368 shares, compared to its average volume of 113,004. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.80 and a current ratio of 1.88. Golden Entertainment has a 52-week low of $13.00 and a 52-week high of $34.45. The stock has a market cap of $407.78 million, a PE ratio of -26.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.18.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.68). Golden Entertainment had a negative net margin of 3.75% and a negative return on equity of 6.33%. The business had revenue of $210.13 million during the quarter, compared to analysts’ expectations of $208.98 million. As a group, sell-side analysts predict that Golden Entertainment will post 0.56 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc increased its holdings in shares of Golden Entertainment by 25.2% in the fourth quarter. Legal & General Group Plc now owns 3,397 shares of the company’s stock valued at $54,000 after purchasing an additional 684 shares during the period. California State Teachers Retirement System increased its holdings in shares of Golden Entertainment by 2.7% in the first quarter. California State Teachers Retirement System now owns 28,551 shares of the company’s stock valued at $404,000 after purchasing an additional 744 shares during the period. Rhumbline Advisers increased its holdings in shares of Golden Entertainment by 3.7% in the first quarter. Rhumbline Advisers now owns 23,968 shares of the company’s stock valued at $339,000 after purchasing an additional 865 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Golden Entertainment in the fourth quarter valued at about $27,000. Finally, Swiss National Bank increased its holdings in shares of Golden Entertainment by 5.0% in the first quarter. Swiss National Bank now owns 35,800 shares of the company’s stock valued at $507,000 after purchasing an additional 1,700 shares during the period. 66.05% of the stock is currently owned by institutional investors and hedge funds.

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 restaurants, bars, and taverns, as well as convenience, liquor, and grocery stores in Nevada and Montana; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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