Jefferies Group initiated coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a research note released on Thursday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $38.00 price target on the stock.

GDEN has been the subject of several other research reports. Macquarie initiated coverage on shares of Golden Entertainment in a report on Wednesday, October 25th. They set an outperform rating and a $35.00 price target for the company. BidaskClub downgraded shares of Golden Entertainment from a strong-buy rating to a buy rating in a report on Wednesday, January 3rd. Finally, TheStreet raised shares of Golden Entertainment from a c rating to a b- rating in a report on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Golden Entertainment has an average rating of Hold and an average target price of $36.50.

Golden Entertainment (NASDAQ GDEN) opened at $28.59 on Thursday. Golden Entertainment has a 1-year low of $10.60 and a 1-year high of $34.75. The stock has a market cap of $753.96, a price-to-earnings ratio of 25.99 and a beta of 0.32. The company has a current ratio of 1.59, a quick ratio of 1.52 and a debt-to-equity ratio of 0.69.

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

Hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors lifted its holdings in Golden Entertainment by 11.8% in the second quarter. Nationwide Fund Advisors now owns 6,360 shares of the company’s stock worth $132,000 after purchasing an additional 671 shares during the period. First Trust Advisors LP acquired a new stake in Golden Entertainment in the third quarter worth about $211,000. The Manufacturers Life Insurance Company lifted its holdings in Golden Entertainment by 122.9% in the second quarter. The Manufacturers Life Insurance Company now owns 9,735 shares of the company’s stock worth $202,000 after purchasing an additional 5,368 shares during the period. Rhumbline Advisers lifted its holdings in Golden Entertainment by 5.5% in the second quarter. Rhumbline Advisers now owns 11,650 shares of the company’s stock worth $241,000 after purchasing an additional 605 shares during the period. Finally, Mycio Wealth Partners LLC acquired a new stake in Golden Entertainment in the third quarter worth about $317,000. 23.73% of the stock is owned by institutional investors and hedge funds.

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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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