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

Shares of Golden Entertainment Inc (NASDAQ:GDEN) have received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.50.

Several research firms recently weighed in on GDEN. Zacks Investment Research cut Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th. Deutsche Bank reaffirmed a “buy” rating and issued a $12.00 price target on shares of Golden Entertainment in a report on Friday, May 8th. ValuEngine raised Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 25th. Finally, BidaskClub cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, June 12th.

In other Golden Entertainment news, EVP Sean T. Higgins sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $10.22, for a total value of $45,990.00. Following the completion of the transaction, the executive vice president now owns 66,884 shares of the company’s stock, valued at approximately $683,554.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 36.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GDEN. Tower Research Capital LLC TRC grew its stake in shares of Golden Entertainment by 2,695.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,619 shares of the company’s stock valued at $37,000 after purchasing an additional 5,418 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Golden Entertainment in the 4th quarter valued at approximately $38,000. Buckley Wealth Management LLC bought a new stake in shares of Golden Entertainment in the 1st quarter valued at approximately $77,000. Financial Advocates Investment Management bought a new stake in shares of Golden Entertainment in the 1st quarter valued at approximately $77,000. Finally, Two Sigma Investments LP bought a new stake in shares of Golden Entertainment in the 1st quarter valued at approximately $103,000. Institutional investors own 44.58% of the company’s stock.

Shares of NASDAQ GDEN traded down $0.09 during trading hours on Friday, hitting $9.13. 388,495 shares of the company’s stock were exchanged, compared to its average volume of 336,942. Golden Entertainment has a 1-year low of $3.55 and a 1-year high of $21.67. The company has a debt-to-equity ratio of 5.82, a current ratio of 2.62 and a quick ratio of 2.56. The stock has a market capitalization of $269.28 million, a price-to-earnings ratio of -3.96 and a beta of 2.34. The company’s 50-day moving average price is $10.80 and its 200-day moving average price is $13.09.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.54). Golden Entertainment had a negative return on equity of 14.97% and a negative net margin of 6.82%. The business had revenue of $207.16 million for the quarter, compared to analyst estimates of $222.13 million. On average, research analysts expect that Golden Entertainment will post -4.7 earnings per share for the current year.

About Golden Entertainment

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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