Golden Entertainment, Inc. (NASDAQ:GDEN) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Wednesday.

Several other analysts have also recently issued reports on the stock. BidaskClub cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, 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 price target on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $35.00.

Shares of Golden Entertainment (GDEN) traded down $0.25 on Wednesday, hitting $30.66. 53,482 shares of the stock traded hands, compared to its average volume of 47,127. The firm has a market capitalization of $691.76, a PE ratio of 32.72 and a beta of 0.20. Golden Entertainment has a 1-year low of $10.21 and a 1-year high of $31.59. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.79 and a quick ratio of 1.70.

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Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in shares of Golden Entertainment by 5.5% during the second quarter. Rhumbline Advisers now owns 11,650 shares of the company’s stock worth $241,000 after buying an additional 605 shares during the period. Nationwide Fund Advisors increased its stake in shares of Golden Entertainment by 11.8% during the second quarter. Nationwide Fund Advisors now owns 6,360 shares of the company’s stock worth $132,000 after buying an additional 671 shares during the period. Wells Fargo & Company MN increased its stake in shares of Golden Entertainment by 13.3% during the second quarter. Wells Fargo & Company MN now owns 27,131 shares of the company’s stock worth $562,000 after buying an additional 3,175 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Golden Entertainment by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 74,034 shares of the company’s stock worth $1,533,000 after buying an additional 4,017 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Golden Entertainment by 122.9% during the second quarter. The Manufacturers Life Insurance Company now owns 9,735 shares of the company’s stock worth $202,000 after buying an additional 5,368 shares during the period. Hedge funds and other institutional investors own 27.55% 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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