Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Average Rating of “Hold” from Brokerages

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have received an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $32.75.

GDEN has been the subject of several analyst reports. Zacks Research upgraded shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Citigroup restated a “market perform” rating on shares of Golden Entertainment in a research report on Tuesday, March 10th. Finally, Weiss Ratings downgraded shares of Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd.

Golden Entertainment Price Performance

Shares of GDEN stock opened at $27.04 on Wednesday. Golden Entertainment has a fifty-two week low of $19.57 and a fifty-two week high of $32.74. The firm has a market capitalization of $713.86 million, a price-to-earnings ratio of -108.16 and a beta of 1.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.17. The stock’s 50-day simple moving average is $27.75 and its 200-day simple moving average is $26.64.

Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Friday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). Golden Entertainment had a positive return on equity of 0.51% and a negative net margin of 0.95%.The firm had revenue of $155.63 million during the quarter, compared to analysts’ expectations of $166.61 million. As a group, equities analysts forecast that Golden Entertainment will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, March 18th. Golden Entertainment’s dividend payout ratio (DPR) is presently -400.00%.

Institutional Trading of Golden Entertainment

A number of institutional investors have recently made changes to their positions in GDEN. Raymond James Financial Inc. acquired a new position in shares of Golden Entertainment during the 2nd quarter worth approximately $27,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Golden Entertainment in the fourth quarter valued at approximately $33,000. Parkside Financial Bank & Trust purchased a new position in Golden Entertainment during the fourth quarter worth approximately $55,000. Tower Research Capital LLC TRC lifted its position in Golden Entertainment by 168.0% during 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 in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Golden Entertainment by 43.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,305 shares of the company’s stock worth $117,000 after buying an additional 1,309 shares during the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

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.