Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $37.00.

Several research firms have recently issued reports on GDEN. Macquarie restated an “outperform” rating and issued a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. StockNews.com upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, JMP Securities reduced their price target on Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDEN. Renaissance Technologies LLC acquired a new stake in shares of Golden Entertainment in the 4th quarter valued at about $729,000. Sequoia Financial Advisors LLC raised its stake in shares of Golden Entertainment by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company’s stock valued at $21,288,000 after purchasing an additional 27,508 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Golden Entertainment by 10.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company’s stock valued at $9,771,000 after purchasing an additional 30,487 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Golden Entertainment by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock valued at $40,864,000 after purchasing an additional 271,782 shares during the period. Finally, III Capital Management raised its stake in shares of Golden Entertainment by 26.9% in the 4th quarter. III Capital Management now owns 52,028 shares of the company’s stock valued at $1,644,000 after purchasing an additional 11,014 shares during the period. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Trading Up 0.5%

Shares of GDEN opened at $29.43 on Friday. Golden Entertainment has a 12-month low of $22.66 and a 12-month high of $35.49. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $777.98 million, a PE ratio of 23.73 and a beta of 1.85. The stock’s fifty day simple moving average is $26.52 and its 200-day simple moving average is $30.20.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The company had revenue of $160.84 million during the quarter, compared to the consensus estimate of $164.37 million. As a group, research analysts predict that Golden Entertainment will post 0.2 earnings per share for the current year.

Golden Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 25th. This represents a $1.00 annualized dividend and a yield of 3.40%. Golden Entertainment’s dividend payout ratio is presently 256.41%.

Golden Entertainment Company Profile

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.