Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Consensus Rating of “Hold” from Analysts

Golden Entertainment, Inc. (NASDAQ:GDEN) has been assigned an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.75.

A number of research firms have recently issued reports on GDEN. Wells Fargo & Company restated a “sell” rating and issued a $30.00 price target (down from $34.00) on shares of Golden Entertainment in a research report on Thursday, November 6th. Zacks Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of Golden Entertainment in a report on Monday, December 29th. Truist Financial raised their target price on Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Finally, Citizens Jmp cut shares of Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th.

Golden Entertainment Price Performance

Shares of NASDAQ GDEN opened at $27.85 on Friday. The firm has a 50-day simple moving average of $28.25 and a 200-day simple moving average of $26.41. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $729.11 million, a price-to-earnings ratio of 154.72 and a beta of 1.50. Golden Entertainment has a 52 week low of $19.57 and a 52 week high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.10). The business had revenue of $154.82 million for the quarter, compared to analysts’ expectations of $157.21 million. Golden Entertainment had a net margin of 0.85% and a return on equity of 1.20%. On average, equities analysts predict that Golden Entertainment will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, December 22nd. Golden Entertainment’s payout ratio is presently 555.56%.

Institutional Trading of Golden Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Golden Entertainment in the second quarter valued at approximately $27,000. Parallel Advisors LLC purchased a new stake in Golden Entertainment in the second quarter valued at $35,000. Tower Research Capital LLC TRC lifted its stake in shares of Golden Entertainment by 168.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock valued at $79,000 after purchasing an additional 1,680 shares during the last quarter. Creative Planning acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at $201,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Golden Entertainment during the 2nd quarter worth $210,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.