Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have been given an average recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $21.00.
Several brokerages have weighed in on GDEN. ValuEngine downgraded Golden Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Golden Entertainment from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 6th. Roth Capital began coverage on Golden Entertainment in a research note on Monday, November 2nd. They issued a “buy” rating and a $26.00 target price on the stock. BidaskClub upgraded Golden Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 7th. Finally, Zacks Investment Research upgraded Golden Entertainment from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Thursday.
Shares of NASDAQ:GDEN opened at $16.80 on Friday. The business has a 50 day moving average of $14.60 and a two-hundred day moving average of $12.02. Golden Entertainment has a 12-month low of $3.55 and a 12-month high of $21.67. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 6.26. The company has a market capitalization of $473.44 million, a PE ratio of -3.73 and a beta of 2.62.
Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, November 5th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.71) by $0.46. Golden Entertainment had a negative return on equity of 39.72% and a negative net margin of 16.69%. Equities research analysts predict that Golden Entertainment will post -4.22 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of GDEN. AQR Capital Management LLC bought a new stake in Golden Entertainment during the 3rd quarter valued at $379,000. Penn Capital Management Co. Inc. raised its stake in shares of Golden Entertainment by 52.0% during the 3rd quarter. Penn Capital Management Co. Inc. now owns 700,440 shares of the company’s stock worth $9,702,000 after buying an additional 239,587 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of Golden Entertainment by 254.3% during the 3rd quarter. Wetherby Asset Management Inc. now owns 47,123 shares of the company’s stock worth $652,000 after buying an additional 33,823 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Golden Entertainment by 585.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,623 shares of the company’s stock worth $525,000 after buying an additional 32,988 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Golden Entertainment by 1.7% during the 3rd quarter. BlackRock Inc. now owns 1,283,918 shares of the company’s stock worth $17,756,000 after buying an additional 21,640 shares during the period. Hedge funds and other institutional investors own 47.77% of the company’s stock.
Golden Entertainment Company Profile
Golden Entertainment, Inc, together with its subsidiaries, owns and operates a diversified entertainment platform in the United States. The company operates through two segments, Casinos and Distributed Gaming. The Casinos segment owns and operates ten resort casino properties in Nevada and Maryland.
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