Golden Entertainment (NASDAQ:GDEN) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Golden Entertainment (NASDAQ:GDEN) to a hold rating in a research note published on Saturday.

Several other analysts have also weighed in on the stock. Citigroup reiterated a “market perform” rating on shares of Golden Entertainment in a research note on Tuesday, March 10th. Weiss Ratings lowered shares of Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.75.

Golden Entertainment Price Performance

GDEN stock opened at $28.55 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.17 and a quick ratio of 1.07. Golden Entertainment has a 1-year low of $19.57 and a 1-year high of $32.74. The firm has a fifty day moving average price of $27.88 and a two-hundred day moving average price of $27.28. The firm has a market cap of $753.69 million, a price-to-earnings ratio of -114.20 and a beta of 1.40.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Friday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.12). Golden Entertainment had a negative net margin of 0.95% and a positive return on equity of 0.51%. The business had revenue of $155.63 million for the quarter, compared to the consensus estimate of $166.61 million.

Golden Entertainment Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, May 1st. Investors of record on Thursday, April 30th were paid a dividend of $2.75 per share. Golden Entertainment’s payout ratio is currently -400.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GDEN. Jane Street Group LLC grew its stake in Golden Entertainment by 22.9% during the 1st quarter. Jane Street Group LLC now owns 34,913 shares of the company’s stock worth $921,000 after buying an additional 6,498 shares during the last quarter. Creative Planning bought a new position in Golden Entertainment during the 2nd quarter worth $201,000. Arrowstreet Capital Limited Partnership grew its stake in Golden Entertainment by 160.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 95,299 shares of the company’s stock worth $2,805,000 after buying an additional 58,679 shares during the last quarter. Marshall Wace LLP grew its stake in Golden Entertainment by 159.1% during the 2nd quarter. Marshall Wace LLP now owns 127,418 shares of the company’s stock worth $3,750,000 after buying an additional 78,247 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Golden Entertainment during the 2nd quarter worth $215,000. 70.73% of the stock is currently owned by institutional investors.

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.