Golden Entertainment, Inc. (NASDAQ:GDEN) Given Consensus Rating of “Hold” by Brokerages

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.75.

Several equities research analysts recently issued reports on GDEN shares. Truist Financial lifted their price objective on Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Zacks Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Citizens Jmp cut Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th. Wells Fargo & Company restated a “sell” rating and issued a $30.00 price objective (down previously from $34.00) on shares of Golden Entertainment in a report on Thursday, November 6th. Finally, Weiss Ratings raised shares of Golden Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th.

Institutional Trading of Golden Entertainment

Several large investors have recently bought and sold shares of the business. Bernzott Capital Advisors boosted its stake in Golden Entertainment by 55.2% during the third quarter. Bernzott Capital Advisors now owns 336,288 shares of the company’s stock worth $7,930,000 after buying an additional 119,606 shares during the last quarter. Hill Path Capital LP raised its holdings in shares of Golden Entertainment by 477.8% during the 2nd quarter. Hill Path Capital LP now owns 655,625 shares of the company’s stock worth $19,295,000 after acquiring an additional 542,150 shares during the period. Deprince Race & Zollo Inc. raised its holdings in shares of Golden Entertainment by 2.9% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 839,494 shares of the company’s stock worth $19,795,000 after acquiring an additional 23,476 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Golden Entertainment during the 2nd quarter valued at about $1,277,000. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Golden Entertainment by 5.2% in the second quarter. Gamco Investors INC. ET AL now owns 868,146 shares of the company’s stock valued at $25,550,000 after purchasing an additional 42,720 shares during the period. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Stock Performance

NASDAQ:GDEN opened at $27.91 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.02 and a current ratio of 1.10. The stock has a market capitalization of $730.68 million, a PE ratio of 155.06 and a beta of 1.47. Golden Entertainment has a fifty-two week low of $19.57 and a fifty-two week high of $35.49. The company has a fifty day moving average of $27.55 and a two-hundred day moving average of $26.02.

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.