Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Consensus Recommendation of “Hold” from Analysts

Golden Entertainment, Inc. (NASDAQ:GDEN) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $32.75.

A number of research analysts have recently issued reports on the company. Weiss Ratings raised Golden Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. Citizens Jmp cut Golden Entertainment from a “market outperform” rating to a “hold” rating in a report on Friday, November 7th. Truist Financial lifted their price target on Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Wells Fargo & Company reiterated a “sell” rating and issued a $30.00 price objective (down previously from $34.00) on shares of Golden Entertainment in a research report on Thursday, November 6th. Finally, Zacks Research upgraded shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock opened at $28.29 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.02 and a current ratio of 1.10. Golden Entertainment has a 52-week low of $19.57 and a 52-week high of $35.49. The company has a fifty day moving average of $27.55 and a 200-day moving average of $26.00. The stock has a market capitalization of $740.63 million, a price-to-earnings ratio of 157.17 and a beta of 1.47.

Institutional Trading of Golden Entertainment

A number of institutional investors have recently modified their holdings of GDEN. DAVENPORT & Co LLC increased its holdings in Golden Entertainment by 2.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,521,937 shares of the company’s stock valued at $35,692,000 after purchasing an additional 37,055 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Golden Entertainment by 25.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,134,462 shares of the company’s stock worth $30,846,000 after buying an additional 233,324 shares during the last quarter. Quinn Opportunity Partners LLC bought a new stake in shares of Golden Entertainment in the 4th quarter worth approximately $23,812,000. Deprince Race & Zollo Inc. increased its stake in shares of Golden Entertainment by 2.9% during the third quarter. Deprince Race & Zollo Inc. now owns 839,494 shares of the company’s stock valued at $19,795,000 after buying an additional 23,476 shares during the period. Finally, State Street Corp raised its holdings in shares of Golden Entertainment by 0.3% during the fourth quarter. State Street Corp now owns 743,711 shares of the company’s stock valued at $20,405,000 after acquiring an additional 2,002 shares in the last quarter. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

About Golden Entertainment

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.