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

Shares of Golden Entertainment, Inc. (NASDAQ:GDENGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $37.00.

A number of research analysts have weighed in on GDEN shares. Wall Street Zen raised Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. 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 note on Thursday, April 17th.

Read Our Latest Report on GDEN

Golden Entertainment Trading Up 0.6%

Shares of Golden Entertainment stock opened at $29.51 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.87. Golden Entertainment has a 1 year low of $22.66 and a 1 year high of $35.49. The company has a market capitalization of $779.95 million, a P/E ratio of 75.67 and a beta of 1.79. The business has a 50 day moving average price of $27.71 and a 200 day moving average price of $29.25.

Golden Entertainment (NASDAQ:GDENGet Free Report) last issued its quarterly earnings data 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 3.10% and a net margin of 1.72%. The company had revenue of $160.84 million for the quarter, compared to analyst estimates of $164.37 million. Sell-side analysts anticipate that Golden Entertainment will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.39%. Golden Entertainment’s payout ratio is 256.41%.

Institutional Trading of Golden Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC increased its holdings in shares of Golden Entertainment by 405.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company’s stock worth $59,000 after buying an additional 1,501 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Golden Entertainment by 86.0% during the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock worth $78,000 after buying an additional 1,144 shares during the last quarter. Inscription Capital LLC acquired a new stake in shares of Golden Entertainment during the 1st quarter worth $165,000. GAMMA Investing LLC increased its holdings in shares of Golden Entertainment by 1,136.9% during the 1st quarter. GAMMA Investing LLC now owns 6,729 shares of the company’s stock worth $178,000 after buying an additional 6,185 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Golden Entertainment by 29.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,654 shares of the company’s stock worth $202,000 after buying an additional 1,750 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

About Golden Entertainment

(Get Free Report

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.

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Analyst Recommendations for Golden Entertainment (NASDAQ:GDEN)

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