Zacks: Brokerages Set $35.00 Price Target for Golden Entertainment, Inc. (GDEN)
Golden Entertainment, Inc. (NASDAQ:GDEN) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. Golden Entertainment’s rating score has improved by 66.7% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus target price of $35.00 for the company, according to Zacks. Zacks has also assigned Golden Entertainment an industry rank of 23 out of 265 based on the ratings given to related companies.
Several research firms have recently weighed in on GDEN. TheStreet raised Golden Entertainment from a “c” rating to a “b-” rating in a research report on Wednesday. Macquarie began coverage on Golden Entertainment in a research report on Wednesday, October 25th. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, BidaskClub raised Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd.
Shares of Golden Entertainment (NASDAQ:GDEN) traded down $0.25 during mid-day trading on Wednesday, reaching $30.66. The company’s stock had a trading volume of 53,500 shares, compared to its average volume of 47,127. Golden Entertainment has a one year low of $10.21 and a one year high of $31.59. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.70 and a current ratio of 1.79. The firm has a market capitalization of $815.15, a P/E ratio of 35.13 and a beta of 0.20.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Golden Entertainment by 19.5% in the second quarter. Vanguard Group Inc. now owns 394,913 shares of the company’s stock valued at $8,179,000 after acquiring an additional 64,501 shares during the period. State Street Corp boosted its position in shares of Golden Entertainment by 8.3% in the second quarter. State Street Corp now owns 188,575 shares of the company’s stock valued at $3,901,000 after acquiring an additional 14,459 shares during the period. Gamco Investors INC. ET AL lifted its position in Golden Entertainment by 8.6% in the third quarter. Gamco Investors INC. ET AL now owns 170,500 shares of the company’s stock worth $4,157,000 after purchasing an additional 13,500 shares during the period. Northern Trust Corp lifted its position in Golden Entertainment by 6.6% in the second quarter. Northern Trust Corp now owns 125,019 shares of the company’s stock worth $2,589,000 after purchasing an additional 7,709 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in Golden Entertainment by 225.1% in the second quarter. Eagle Asset Management Inc. now owns 94,581 shares of the company’s stock worth $1,958,000 after purchasing an additional 65,484 shares during the period. 27.55% of the stock is owned by institutional investors.
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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