Shares of Golden Entertainment Inc (NASDAQ:GDEN) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.67.
Several brokerages have recently commented on GDEN. TheStreet downgraded Golden Entertainment from a “c-” rating to a “d” rating in a report on Monday, September 9th. Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “sell” rating in a report on Friday, August 9th. BidaskClub downgraded Golden Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, September 24th. Finally, ValuEngine raised Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st.
Shares of GDEN traded up $0.24 on Friday, hitting $13.07. The company’s stock had a trading volume of 113,676 shares, compared to its average volume of 89,462. The company has a market capitalization of $357.81 million, a PE ratio of -24.66 and a beta of 1.25. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.35 and a quick ratio of 1.28. Golden Entertainment has a fifty-two week low of $12.32 and a fifty-two week high of $22.96. The company has a 50 day moving average price of $13.63 and a 200 day moving average price of $14.19.
Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Tuesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.21). The business had revenue of $248.07 million during the quarter, compared to analyst estimates of $249.18 million. Golden Entertainment had a negative return on equity of 8.67% and a negative net margin of 5.60%. On average, equities analysts forecast that Golden Entertainment will post -0.32 EPS for the current year.
In related news, Director Anthony A. Marnell III acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of $13.23 per share, for a total transaction of $132,300.00. Following the transaction, the director now directly owns 34,579 shares of the company’s stock, valued at approximately $457,480.17. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony A. Marnell III acquired 5,900 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average price of $12.87 per share, with a total value of $75,933.00. Following the transaction, the director now directly owns 34,579 shares in the company, valued at $445,031.73. The disclosure for this purchase can be found here. Insiders own 36.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA bought a new stake in shares of Golden Entertainment during the 1st quarter valued at $54,000. Morgan Stanley raised its position in shares of Golden Entertainment by 10.0% during the 2nd quarter. Morgan Stanley now owns 12,033 shares of the company’s stock valued at $168,000 after acquiring an additional 1,098 shares during the last quarter. Bank of Montreal Can raised its position in shares of Golden Entertainment by 4,096.7% during the 2nd quarter. Bank of Montreal Can now owns 15,234 shares of the company’s stock valued at $213,000 after acquiring an additional 14,871 shares during the last quarter. Algert Global LLC bought a new stake in shares of Golden Entertainment during the 2nd quarter valued at $232,000. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Golden Entertainment during the 2nd quarter valued at $247,000. Hedge funds and other institutional investors own 53.66% of the company’s stock.
About Golden Entertainment
Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.
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