Jefferies Financial Group set a $39.00 price target on Golden Entertainment (NASDAQ:GDEN) in a report released on Monday. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on the stock. BidaskClub lowered shares of Golden Entertainment from a hold rating to a sell rating in a report on Friday, September 7th. Zacks Investment Research downgraded shares of Golden Entertainment from a hold rating to a strong sell rating in a research report on Monday, August 13th. Telsey Advisory Group raised their price target on shares of Golden Entertainment from $32.00 to $36.00 and gave the stock an outperform rating in a research report on Tuesday, May 29th. TheStreet downgraded shares of Golden Entertainment from a b rating to a c rating in a research report on Wednesday, August 15th. Finally, ValuEngine downgraded shares of Golden Entertainment from a buy rating to a hold rating in a research report on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $36.67.

Shares of GDEN stock opened at $23.02 on Monday. The firm has a market cap of $641.03 million, a price-to-earnings ratio of 110.95, a P/E/G ratio of 2.62 and a beta of 0.51. The company has a quick ratio of 2.29, a current ratio of 2.38 and a debt-to-equity ratio of 2.69. Golden Entertainment has a 1-year low of $22.25 and a 1-year high of $34.75.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.11). The company had revenue of $216.54 million for the quarter, compared to analyst estimates of $223.40 million. Golden Entertainment had a return on equity of 1.89% and a net margin of 0.36%. equities analysts forecast that Golden Entertainment will post 0.89 earnings per share for the current fiscal year.

In other news, Director Lyle Berman sold 141,685 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $24.50, for a total value of $3,471,282.50. Following the transaction, the director now directly owns 898,293 shares in the company, valued at approximately $22,008,178.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stephen A. Arcana sold 8,656 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $28.31, for a total transaction of $245,051.36. Following the completion of the transaction, the chief operating officer now owns 68,434 shares in the company, valued at $1,937,366.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 210,024 shares of company stock worth $5,390,719. Insiders own 33.80% of the company’s stock.

A number of large investors have recently modified their holdings of GDEN. Wells Fargo & Company MN lifted its position in Golden Entertainment by 1,003.6% in the 1st quarter. Wells Fargo & Company MN now owns 421,472 shares of the company’s stock valued at $9,791,000 after purchasing an additional 383,281 shares during the last quarter. Rhumbline Advisers lifted its position in Golden Entertainment by 60.6% in the 1st quarter. Rhumbline Advisers now owns 15,957 shares of the company’s stock valued at $371,000 after purchasing an additional 6,020 shares during the last quarter. Mackay Shields LLC bought a new stake in Golden Entertainment in the 1st quarter valued at about $311,000. American Century Companies Inc. lifted its position in Golden Entertainment by 519.6% in the 1st quarter. American Century Companies Inc. now owns 49,899 shares of the company’s stock valued at $1,159,000 after purchasing an additional 41,846 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Golden Entertainment in the 1st quarter valued at about $192,000. Hedge funds and other institutional investors own 63.44% of the company’s stock.

About Golden Entertainment

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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