Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Consensus Recommendation of “Buy” from Brokerages

Golden Entertainment, Inc. (NASDAQ:GDENGet Rating) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $63.25.

A number of analysts have recently issued reports on the company. Roth Capital assumed coverage on Golden Entertainment in a research report on Wednesday, February 16th. They set a “buy” rating and a $70.00 price target for the company. Zacks Investment Research cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Macquarie raised their price objective on Golden Entertainment from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, February 18th. B. Riley reissued a “buy” rating on shares of Golden Entertainment in a report on Friday, May 6th. Finally, StockNews.com cut Golden Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday.

In other Golden Entertainment news, CEO Blake L. Sartini sold 600,000 shares of Golden Entertainment stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $46.30, for a total value of $27,780,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Blake L. Sartini sold 168,129 shares of Golden Entertainment stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $56.79, for a total value of $9,548,045.91. The disclosure for this sale can be found here. Insiders sold a total of 860,129 shares of company stock worth $42,409,156 over the last ninety days. Insiders own 30.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC purchased a new position in shares of Golden Entertainment during the fourth quarter valued at approximately $1,180,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Golden Entertainment during the fourth quarter valued at approximately $58,000. UBS Asset Management Americas Inc. increased its stake in shares of Golden Entertainment by 111.3% during the third quarter. UBS Asset Management Americas Inc. now owns 11,861 shares of the company’s stock valued at $582,000 after buying an additional 6,248 shares during the period. Hood River Capital Management LLC purchased a new position in shares of Golden Entertainment during the third quarter valued at approximately $30,870,000. Finally, Millennium Management LLC increased its stake in shares of Golden Entertainment by 1,435.4% during the third quarter. Millennium Management LLC now owns 165,652 shares of the company’s stock valued at $8,132,000 after buying an additional 154,863 shares during the period. 68.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GDEN opened at $44.94 on Tuesday. The company has a market cap of $1.30 billion, a PE ratio of 7.64 and a beta of 2.59. The company has a current ratio of 1.91, a quick ratio of 2.03 and a debt-to-equity ratio of 2.96. The stock has a 50-day moving average price of $52.47 and a 200-day moving average price of $50.32. Golden Entertainment has a 12-month low of $38.38 and a 12-month high of $59.96.

Golden Entertainment (NASDAQ:GDENGet Rating) last issued its quarterly earnings results on Thursday, February 17th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.07). The business had revenue of $281.96 million for the quarter, compared to the consensus estimate of $264.84 million. Golden Entertainment had a net margin of 16.56% and a return on equity of 55.22%. During the same quarter last year, the business posted ($0.44) EPS. As a group, analysts predict that Golden Entertainment will post 3.73 earnings per share for the current year.

About Golden Entertainment (Get Rating)

Golden Entertainment, Inc, together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities.

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Analyst Recommendations for Golden Entertainment (NASDAQ:GDEN)

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