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

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $32.60.

A number of analysts recently commented on GDEN shares. Citigroup reiterated an “outperform” rating on shares of Golden Entertainment in a research report on Tuesday, September 16th. JMP Securities lowered their price objective on shares of Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating for the company in a research note on Tuesday, September 16th. Citizens Jmp lowered Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Golden Entertainment in a research report on Monday, December 15th. Finally, Zacks Research downgraded Golden Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th.

Golden Entertainment Stock Down 0.3%

Shares of NASDAQ GDEN opened at $27.65 on Monday. The firm has a 50-day moving average price of $26.33 and a 200 day moving average price of $26.53. The stock has a market capitalization of $723.88 million, a price-to-earnings ratio of 153.61 and a beta of 1.52. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. Golden Entertainment has a 52 week low of $19.57 and a 52 week high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.10). The firm had revenue of $154.82 million during the quarter, compared to analysts’ expectations of $157.21 million. Golden Entertainment had a net margin of 0.85% and a return on equity of 1.20%. Equities research analysts anticipate that Golden Entertainment will post 0.2 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, December 22nd. Golden Entertainment’s payout ratio is 555.56%.

Institutional Investors Weigh In On Golden Entertainment

Several large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Golden Entertainment in the 2nd quarter valued at $27,000. Parallel Advisors LLC purchased a new stake in shares of Golden Entertainment in the second quarter worth about $35,000. Tower Research Capital LLC TRC boosted its position in shares of Golden Entertainment by 168.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock worth $79,000 after buying an additional 1,680 shares during the period. Creative Planning acquired a new stake in shares of Golden Entertainment in the second quarter valued at about $201,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Golden Entertainment during the 2nd quarter valued at about $210,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.