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

Golden Entertainment, Inc. (NASDAQ:GDEN) has received an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.60.

Several research analysts have recently commented on the company. JMP Securities reduced their price target on Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Golden Entertainment in a report on Monday. Zacks Research upgraded shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Truist Financial boosted their price objective on shares of Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Finally, Citizens Jmp cut shares of Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th.

Golden Entertainment Trading Up 0.6%

NASDAQ GDEN opened at $27.07 on Monday. Golden Entertainment has a one year low of $19.57 and a one year high of $35.49. 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 company has a market capitalization of $708.69 million, a price-to-earnings ratio of 150.39 and a beta of 1.52. The company’s 50-day simple moving average is $26.79 and its two-hundred day simple moving average is $26.53.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.10). The business had revenue of $154.82 million for the quarter, compared to the consensus estimate of $157.21 million. Golden Entertainment had a net margin of 0.85% and a return on equity of 1.20%. Equities analysts forecast that Golden Entertainment will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, December 22nd. Golden Entertainment’s dividend payout ratio is currently 555.56%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its stake in shares of Golden Entertainment by 3.5% during the second quarter. State of Alaska Department of Revenue now owns 11,792 shares of the company’s stock worth $346,000 after acquiring an additional 397 shares during the last quarter. Invesco Ltd. boosted its stake in Golden Entertainment by 0.4% in the 1st quarter. Invesco Ltd. now owns 109,805 shares of the company’s stock worth $2,898,000 after purchasing an additional 479 shares in the last quarter. Gabelli Funds LLC boosted its stake in Golden Entertainment by 0.3% in the 1st quarter. Gabelli Funds LLC now owns 173,000 shares of the company’s stock worth $4,565,000 after purchasing an additional 500 shares in the last quarter. SummerHaven Investment Management LLC grew its position in Golden Entertainment by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 27,250 shares of the company’s stock worth $802,000 after purchasing an additional 544 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Golden Entertainment during the 2nd quarter valued at approximately $27,000. 70.73% of the stock is owned by institutional investors and hedge funds.

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.