Golden Entertainment, Inc. (GDEN) Lowered to Hold at SunTrust Banks, Inc.

SunTrust Banks, Inc. lowered shares of Golden Entertainment, Inc. (NASDAQ:GDEN) from a buy rating to a hold rating in a research note released on Monday, May 15th, MarketBeat reports.

Separately, Zacks Investment Research cut shares of Golden Entertainment from a hold rating to a sell rating in a research note on Wednesday, May 10th.

Golden Entertainment (NASDAQ GDEN) traded up 0.83% during trading on Monday, hitting $20.73. 102,278 shares of the stock traded hands. The company has a 50-day moving average price of $16.78 and a 200-day moving average price of $13.53. Golden Entertainment has a 12 month low of $8.65 and a 12 month high of $21.07. The stock has a market cap of $461.26 million, a PE ratio of 24.13 and a beta of 0.06.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.10. Golden Entertainment had a net margin of 4.63% and a return on equity of 6.99%. The company had revenue of $106.65 million during the quarter, compared to analysts’ expectations of $106.90 million. Equities research analysts expect that Golden Entertainment will post $0.82 EPS for the current year.

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An institutional investor recently raised its position in Golden Entertainment stock. Lafitte Capital Management LP boosted its position in shares of Golden Entertainment, Inc. (NASDAQ:GDEN) by 21.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,885 shares of the company’s stock after buying an additional 78,055 shares during the period. Golden Entertainment makes up approximately 3.2% of Lafitte Capital Management LP’s investment portfolio, making the stock its 10th largest position. Lafitte Capital Management LP owned approximately 1.97% of Golden Entertainment worth $5,806,000 at the end of the most recent quarter. 28.36% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.

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