Golden Entertainment Inc (GDEN) Receives Average Rating of “Hold” from Brokerages

Golden Entertainment Inc (NASDAQ:GDEN) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $24.67.

A number of equities analysts have recently commented on GDEN shares. BidaskClub upgraded shares of Golden Entertainment from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 21st. Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 19th. ValuEngine lowered shares of Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Deutsche Bank cut their price objective on shares of Golden Entertainment from $38.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, March 15th.

Shares of GDEN stock traded up $0.10 during trading hours on Friday, reaching $16.33. The stock had a trading volume of 113,615 shares, compared to its average volume of 199,387. The company has a current ratio of 1.88, a quick ratio of 1.80 and a debt-to-equity ratio of 3.05. Golden Entertainment has a 12 month low of $13.00 and a 12 month high of $34.45. The firm has a market capitalization of $452.31 million, a P/E ratio of -30.81, a price-to-earnings-growth ratio of 2.82 and a beta of 1.15.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild & Co. Asset Management US Inc. raised its stake in Golden Entertainment by 4.8% in the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 136,459 shares of the company’s stock valued at $2,186,000 after purchasing an additional 6,238 shares in the last quarter. Penn Capital Management Co. Inc. raised its stake in Golden Entertainment by 127.4% in the fourth quarter. Penn Capital Management Co. Inc. now owns 873,976 shares of the company’s stock valued at $15,041,000 after purchasing an additional 489,591 shares in the last quarter. FMR LLC raised its stake in Golden Entertainment by 4.6% in the third quarter. FMR LLC now owns 940,394 shares of the company’s stock valued at $22,580,000 after purchasing an additional 41,641 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in Golden Entertainment in the fourth quarter valued at approximately $8,134,000. Finally, Gamco Investors INC. ET AL raised its stake in Golden Entertainment by 21.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 237,000 shares of the company’s stock valued at $3,797,000 after purchasing an additional 42,600 shares in the last quarter. 65.87% of the stock is currently owned by institutional investors and hedge funds.

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 restaurants, bars, and taverns, as well as convenience, liquor, and grocery stores in Nevada and Montana; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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