Golden Entertainment, Inc. (NASDAQ:GDEN) Given Consensus Rating of “Hold” by Brokerages

Golden Entertainment, Inc. (NASDAQ:GDEN) has received an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $32.75.

Several research analysts have weighed in on GDEN shares. Zacks Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Golden Entertainment in a research report on Monday, December 29th. Wells Fargo & Company reiterated a “sell” rating and issued a $30.00 price target (down previously from $34.00) on shares of Golden Entertainment in a research note on Thursday, November 6th. Citizens Jmp lowered shares of Golden Entertainment from a “market outperform” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Truist Financial upped their target price on shares of Golden Entertainment from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, November 7th.

Golden Entertainment Trading Down 0.7%

Shares of NASDAQ:GDEN opened at $27.94 on Friday. The stock has a market capitalization of $731.47 million, a PE ratio of 155.22 and a beta of 1.50. The company’s 50-day moving average price is $28.17 and its two-hundred day moving average price is $26.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.10 and a quick ratio of 1.02. Golden Entertainment has a one year low of $19.57 and a one year high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Thursday, November 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.10). Golden Entertainment had a net margin of 0.85% and a return on equity of 1.20%. The company had revenue of $154.82 million during the quarter, compared to analyst estimates of $157.21 million. On average, equities analysts forecast that Golden Entertainment will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.00 annualized dividend and a yield of 3.6%. Golden Entertainment’s dividend payout ratio is currently 555.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GDEN. DAVENPORT & Co LLC raised its stake in Golden Entertainment by 2.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 1,521,937 shares of the company’s stock valued at $35,692,000 after acquiring an additional 37,055 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Golden Entertainment by 3.8% in the third quarter. Gamco Investors INC. ET AL now owns 901,138 shares of the company’s stock valued at $21,249,000 after purchasing an additional 32,992 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Golden Entertainment by 2.9% in the third quarter. Deprince Race & Zollo Inc. now owns 839,494 shares of the company’s stock valued at $19,795,000 after purchasing an additional 23,476 shares during the period. Hill Path Capital LP lifted its stake in shares of Golden Entertainment by 477.8% during the 2nd quarter. Hill Path Capital LP now owns 655,625 shares of the company’s stock worth $19,295,000 after buying an additional 542,150 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Golden Entertainment by 4.1% during the 2nd quarter. Jennison Associates LLC now owns 543,982 shares of the company’s stock worth $16,009,000 after buying an additional 21,415 shares during the period. 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.