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

Shares of Golden Entertainment, Inc. (NASDAQ:GDENGet Rating) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $63.33.

Several research firms recently commented on GDEN. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Golden Entertainment from $57.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. StockNews.com raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. B. Riley dropped their price target on shares of Golden Entertainment from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, June 28th. Finally, JMP Securities initiated coverage on shares of Golden Entertainment in a research report on Tuesday, June 28th. They issued an “outperform” rating and a $63.00 price target on the stock.

Institutional Investors Weigh In On Golden Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank boosted its stake in shares of Golden Entertainment by 8.2% in the 1st quarter. Swiss National Bank now owns 44,700 shares of the company’s stock valued at $2,596,000 after purchasing an additional 3,400 shares in the last quarter. Phocas Financial Corp. acquired a new stake in shares of Golden Entertainment in the 1st quarter valued at $7,062,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Golden Entertainment by 129.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,617 shares of the company’s stock valued at $152,000 after purchasing an additional 1,475 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Golden Entertainment by 696.3% in the 1st quarter. New York State Teachers Retirement System now owns 11,945 shares of the company’s stock valued at $694,000 after purchasing an additional 10,445 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC boosted its stake in shares of Golden Entertainment by 6.1% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 24,781 shares of the company’s stock valued at $1,439,000 after purchasing an additional 1,426 shares in the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

Golden Entertainment Trading Down 2.3 %

NASDAQ:GDEN opened at $38.40 on Monday. Golden Entertainment has a 12-month low of $36.31 and a 12-month high of $59.96. The firm has a market capitalization of $1.09 billion, a P/E ratio of 11.67 and a beta of 2.51. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.91 and a quick ratio of 1.85. The business has a 50 day simple moving average of $40.74 and a 200 day simple moving average of $45.85.

Golden Entertainment (NASDAQ:GDENGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.20). Golden Entertainment had a return on equity of 32.87% and a net margin of 9.35%. The firm had revenue of $289.37 million during the quarter, compared to the consensus estimate of $287.81 million. Equities research analysts predict that Golden Entertainment will post 3.27 EPS for the current year.

Golden Entertainment Company Profile

(Get Rating)

Golden Entertainment, Inc, together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities.

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Analyst Recommendations for Golden Entertainment (NASDAQ:GDEN)

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