Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) has been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $62.33.
A number of research firms recently weighed in on GDEN. StockNews.com began coverage on shares of Golden Entertainment in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. CBRE Group reiterated a “buy” rating and set a $58.00 price objective on shares of Golden Entertainment in a research note on Thursday, October 20th. Finally, JMP Securities dropped their target price on shares of Golden Entertainment from $62.00 to $59.00 and set a “market outperform” rating for the company in a research note on Monday, October 17th.
Internal Activity at Golden Entertainment
In other Golden Entertainment news, CEO Stephen Arcana sold 12,500 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $37.96, for a total transaction of $474,500.00. Following the sale, the chief operating officer now directly owns 306,191 shares of the company’s stock, valued at approximately $11,623,010.36. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available through the SEC website. Immigrants own 30.00% of the stock.
Organizational Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised grew its stake in shares of Golden Entertainment by 6.3% during the third quarter. BlackRock Inc. now owns 3,285,169 shares of the company’s stock valued at $114,621,000 after purchasing an additional 194,067 shares during the period. Capital Research Global Investors boosted its holdings in Golden Entertainment by 27.1% in the first quarter. Capital Research Global Investors now owns 2,066,100 shares of the company’s stock valued at $119,978,000 after buying an additional 441,100 shares during the period. Vanguard Group Inc. boosted its holdings in Golden Entertainment by 20.8% in the first quarter. Vanguard Group Inc. now owns 1,322,194 shares of the company’s stock valued at $76,780,000 after buying an additional 227,562 shares during the period. Hood River Capital Management LLC boosted its holdings in shares of Golden Entertainment by 2.5% during the first quarter. Hood River Capital Management LLC now owns 747,241 shares of the company’s stock valued at $43,392,000 after acquiring an additional 18,009 shares during the period. Finally, State Street Corp boosted its holdings in shares of Golden Entertainment by 0.7% during the third quarter. State Street Corp now owns 692,699 shares of the company’s stock valued at $24,168,000 after acquiring an additional 4,837 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.
Gold Entertainment Trading Down 0.5%
Shares of GDEN stock opened at $43.73 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 15.45 and a beta of 2.38. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.91 and a quick ratio of 1.86. The company has a fifty day moving average price of $41.18 and a 200 day moving average price of $41.51. Golden Entertainment has a 1 year low of $32.53 and a 1 year high of $59.96.
Golden Entertainment (NASDAQ:GDEN – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.12). The company had revenue of $278.99 million during the quarter, compared to analysts’ expectations of $268.92 million. Golden Entertainment had a return on equity of 27.23% and a net profit of 8.04%. As a group, equities analysts forecast that Golden Entertainment will post 2.92 earnings per share for the current year.
Gold Entertainment Company Profile
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Golden Entertainment, Inc. is involved in the development, financing, management and ownership of casino properties. It operates through the following segments: Distributed Gaming and Casinos. The Distributed Gaming segment involves the installation, maintenance and operation of slots and amusement devices in non-casino locations such as grocery, convenience and liquor stores, restaurants, bars, and pubs, and the operation of wholly owned brand pubs to target local sponsors.
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