BidaskClub cut shares of Golden Entertainment, Inc. (NASDAQ:GDEN) from a buy rating to a hold rating in a research note published on Tuesday.

A number of other analysts also recently weighed in on GDEN. Zacks Investment Research downgraded Golden Entertainment from a buy rating to a hold rating in a research report on Wednesday, July 12th. SunTrust Banks, Inc. downgraded Golden Entertainment from a buy rating to a hold rating in a research report on Monday, May 15th.

Shares of Golden Entertainment (NASDAQ GDEN) traded down 3.00% on Tuesday, reaching $20.71. 25,340 shares of the company were exchanged. Golden Entertainment has a 12-month low of $8.65 and a 12-month high of $22.18. The firm has a market capitalization of $460.82 million, a PE ratio of 24.11 and a beta of 0.04. The stock’s 50-day moving average is $20.62 and its 200 day moving average is $15.27.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Tuesday, May 9th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.10. The company had revenue of $106.65 million during the quarter, compared to the consensus estimate of $106.90 million. Golden Entertainment had a return on equity of 6.99% and a net margin of 4.63%. On average, analysts forecast that Golden Entertainment will post $0.82 EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of Golden Entertainment during the second quarter valued at $133,000. Lafitte Capital Management LP increased its stake in shares of Golden Entertainment by 21.6% in the first quarter. Lafitte Capital Management LP now owns 438,885 shares of the company’s stock valued at $5,806,000 after buying an additional 78,055 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Golden Entertainment during the first quarter valued at $196,000. Hedge funds and other institutional investors own 28.31% of the company’s stock.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.

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