Golden Entertainment (GDEN) Rating Increased to Hold at BidaskClub

Golden Entertainment (NASDAQ:GDEN) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

Several other analysts have also recently weighed in on GDEN. ValuEngine cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Jefferies Financial Group decreased their price objective on shares of Golden Entertainment from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Telsey Advisory Group decreased their price objective on shares of Golden Entertainment from $36.00 to $24.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Deutsche Bank set a $38.00 price objective on shares of Golden Entertainment and gave the stock a “buy” rating in a research note on Saturday, November 10th. Finally, TheStreet cut shares of Golden Entertainment from a “b” rating to a “c” rating in a research note on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.00.

NASDAQ GDEN opened at $18.09 on Friday. The stock has a market capitalization of $506.36 million, a P/E ratio of 53.21, a price-to-earnings-growth ratio of 11.67 and a beta of 0.92. Golden Entertainment has a twelve month low of $13.25 and a twelve month high of $34.75. The company has a current ratio of 2.50, a quick ratio of 2.41 and a debt-to-equity ratio of 2.69.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, November 8th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.26). The business had revenue of $210.34 million during the quarter, compared to the consensus estimate of $214.70 million. Golden Entertainment had a negative net margin of 1.09% and a negative return on equity of 1.65%. As a group, research analysts anticipate that Golden Entertainment will post 0.16 earnings per share for the current fiscal year.

In other news, COO Stephen A. Arcana acquired 3,500 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were purchased at an average cost of $14.25 per share, with a total value of $49,875.00. Following the completion of the purchase, the chief operating officer now owns 21,934 shares of the company’s stock, valued at $312,559.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Thomas Edwin Haas acquired 2,200 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were purchased at an average cost of $15.03 per share, for a total transaction of $33,066.00. Following the completion of the purchase, the senior vice president now directly owns 3,736 shares of the company’s stock, valued at approximately $56,152.08. The disclosure for this purchase can be found here. Insiders have acquired 20,040 shares of company stock worth $283,367 over the last ninety days. Insiders own 33.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of GDEN. NumerixS Investment Technologies Inc bought a new stake in Golden Entertainment during the second quarter worth about $108,000. Navellier & Associates Inc bought a new stake in shares of Golden Entertainment during the second quarter valued at approximately $202,000. Quantbot Technologies LP grew its stake in shares of Golden Entertainment by 106.0% during the third quarter. Quantbot Technologies LP now owns 8,633 shares of the company’s stock valued at $207,000 after purchasing an additional 4,443 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Golden Entertainment during the third quarter valued at approximately $212,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Golden Entertainment during the second quarter valued at approximately $218,000. 65.63% of the stock is currently owned by hedge funds and other institutional investors.

Golden Entertainment Company Profile

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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