ValuEngine Upgrades Golden Entertainment (NASDAQ:GDEN) to “Buy”

ValuEngine upgraded shares of Golden Entertainment (NASDAQ:GDEN) from a hold rating to a buy rating in a report issued on Wednesday, May 2nd.

GDEN has been the subject of a number of other research reports. BidaskClub raised Golden Entertainment from a sell rating to a hold rating in a research note on Friday, April 6th. Jefferies Group began coverage on Golden Entertainment in a research note on Thursday, January 18th. They issued a buy rating and a $38.00 price objective for the company. Telsey Advisory Group began coverage on Golden Entertainment in a research note on Tuesday, March 13th. They issued an outperform rating and a $32.00 price objective for the company. TheStreet lowered Golden Entertainment from a b rating to a c+ rating in a research note on Thursday, March 15th. Finally, Zacks Investment Research lowered Golden Entertainment from a hold rating to a strong sell rating in a research note on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $35.00.

GDEN traded up $0.35 during midday trading on Wednesday, reaching $30.14. The company had a trading volume of 307,600 shares, compared to its average volume of 343,149. The stock has a market cap of $789.86 million, a price-to-earnings ratio of 88.65 and a beta of 0.49. The company has a quick ratio of 2.25, a current ratio of 2.32 and a debt-to-equity ratio of 2.74. Golden Entertainment has a 1 year low of $29.52 and a 1 year high of $30.20.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Wednesday, May 9th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $214.79 million during the quarter, compared to analyst estimates of $214.20 million. Golden Entertainment had a return on equity of 1.45% and a net margin of 0.12%. equities analysts anticipate that Golden Entertainment will post 1.09 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems bought a new position in Golden Entertainment during the fourth quarter valued at approximately $168,000. Bessemer Group Inc. boosted its stake in Golden Entertainment by 194.4% during the fourth quarter. Bessemer Group Inc. now owns 5,300 shares of the company’s stock valued at $173,000 after buying an additional 3,500 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in Golden Entertainment during the fourth quarter valued at approximately $180,000. Victory Capital Management Inc. bought a new position in Golden Entertainment during the first quarter valued at approximately $192,000. Finally, Martingale Asset Management L P bought a new position in Golden Entertainment during the fourth quarter valued at approximately $223,000. 47.13% of the stock is owned by institutional investors.

Golden Entertainment Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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