Golden Entertainment, Inc. (NASDAQ:GDEN) Given Consensus Rating of “Hold” by Analysts

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.75.

GDEN has been the topic of a number of research reports. Wells Fargo & Company restated a “sell” rating and set a $30.00 price target (down from $34.00) on shares of Golden Entertainment in a research note on Thursday, November 6th. Citizens Jmp downgraded Golden Entertainment from a “market outperform” rating to a “hold” rating in a report on Friday, November 7th. Truist Financial raised their target price on Golden Entertainment from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, November 7th. Zacks Research upgraded shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Golden Entertainment in a report on Monday, December 29th.

Hedge Funds Weigh In On Golden Entertainment

A number of institutional investors have recently made changes to their positions in GDEN. SG Americas Securities LLC grew its position in shares of Golden Entertainment by 45.4% in the fourth quarter. SG Americas Securities LLC now owns 15,482 shares of the company’s stock valued at $421,000 after purchasing an additional 4,833 shares during the period. Dark Forest Capital Management LP grew its stake in Golden Entertainment by 26.4% in the third quarter. Dark Forest Capital Management LP now owns 41,129 shares of the company’s stock worth $970,000 after purchasing an additional 8,603 shares in the last quarter. Prelude Capital Management LLC increased its stake in Golden Entertainment by 37.7% during the third quarter. Prelude Capital Management LLC now owns 104,776 shares of the company’s stock valued at $2,471,000 after purchasing an additional 28,665 shares during the last quarter. Millennium Management LLC boosted its position in Golden Entertainment by 844.2% during the 3rd quarter. Millennium Management LLC now owns 94,920 shares of the company’s stock valued at $2,238,000 after purchasing an additional 84,867 shares during the period. Finally, Focus Partners Wealth acquired a new stake in shares of Golden Entertainment in the 3rd quarter worth about $2,369,000. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Trading Up 0.5%

Shares of GDEN stock opened at $27.85 on Friday. Golden Entertainment has a 1-year low of $19.57 and a 1-year high of $35.49. The firm has a market cap of $729.11 million, a PE ratio of 154.72 and a beta of 1.50. The company has a 50-day moving average of $28.25 and a two-hundred day moving average of $26.41. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.02.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.10). The company had revenue of $154.82 million during the quarter, compared to analyst estimates of $157.21 million. Golden Entertainment had a return on equity of 1.20% and a net margin of 0.85%. On average, analysts predict that Golden Entertainment will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.6%. Golden Entertainment’s dividend payout ratio (DPR) is 555.56%.

About Golden Entertainment

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.