Golden Entertainment, Inc. (NASDAQ:GDEN) Given Average Recommendation of “Hold” by Brokerages

by · The Cerbat Gem

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN – Get Free Report) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $32.75.

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

Get Our Latest Stock Report on Golden Entertainment

Golden Entertainment Stock Down 1.2%

GDEN opened at $27.33 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.02 and a current ratio of 1.10. The company has a market cap of $715.50 million, a price-to-earnings ratio of 151.83 and a beta of 1.50. Golden Entertainment has a one year low of $19.57 and a one year high of $35.49. The business’s fifty day moving average is $28.08 and its two-hundred day moving average is $26.32.

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

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.7%. Golden Entertainment’s payout ratio is 555.56%.

Hedge Funds Weigh In On Golden Entertainment

Several institutional investors and hedge funds have recently modified their holdings of GDEN. Hill Path Capital LP increased its stake in shares of Golden Entertainment by 477.8% during the 2nd quarter. Hill Path Capital LP now owns 655,625 shares of the company’s stock valued at $19,295,000 after acquiring an additional 542,150 shares during the last quarter. Bernzott Capital Advisors increased its position in Golden Entertainment by 55.2% during the third quarter. Bernzott Capital Advisors now owns 336,288 shares of the company’s stock worth $7,930,000 after purchasing an additional 119,606 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in Golden Entertainment by 2.9% during the third quarter. Deprince Race & Zollo Inc. now owns 839,494 shares of the company’s stock worth $19,795,000 after purchasing an additional 23,476 shares during the period. Hsbc Holdings PLC purchased a new position in Golden Entertainment during the second quarter worth approximately $1,277,000. Finally, Strs Ohio acquired a new position in shares of Golden Entertainment in the 1st quarter valued at $298,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

About Golden Entertainment

(Get Free Report)

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.

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