BidaskClub cut shares of Golden Entertainment (NASDAQ:GDEN) from a buy rating to a hold rating in a research report released on Thursday.

GDEN has been the topic of several other reports. Macquarie initiated coverage on shares of Golden Entertainment in a research report on Wednesday, October 25th. They set an outperform rating and a $35.00 target price on the stock. TheStreet upgraded shares of Golden Entertainment from a c rating to a b- rating in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $36.50.

Golden Entertainment (NASDAQ:GDEN) traded up $0.38 during trading hours on Thursday, reaching $28.59. 3,203,661 shares of the company were exchanged, compared to its average volume of 84,630. Golden Entertainment has a 1 year low of $10.60 and a 1 year high of $34.75. The company has a current ratio of 1.59, a quick ratio of 1.52 and a debt-to-equity ratio of 0.69. The stock has a market cap of $753.98, a price-to-earnings ratio of 32.49 and a beta of 0.32.

Golden Entertainment (NASDAQ:GDEN) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.36 earnings per share for the quarter. Golden Entertainment had a net margin of 5.93% and a return on equity of 9.34%.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted its position in shares of Golden Entertainment by 5.5% during the 2nd quarter. Rhumbline Advisers now owns 11,650 shares of the company’s stock worth $241,000 after purchasing an additional 605 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Golden Entertainment by 11.8% during the 2nd quarter. Nationwide Fund Advisors now owns 6,360 shares of the company’s stock worth $132,000 after purchasing an additional 671 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Golden Entertainment by 10.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 20,600 shares of the company’s stock worth $503,000 after purchasing an additional 1,900 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Golden Entertainment by 13.3% during the 2nd quarter. Wells Fargo & Company MN now owns 27,131 shares of the company’s stock worth $562,000 after purchasing an additional 3,175 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Golden Entertainment by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,034 shares of the company’s stock worth $1,533,000 after purchasing an additional 4,017 shares in the last quarter. Institutional investors own 23.73% of the company’s stock.

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About Golden Entertainment

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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