Somewhat Favorable News Coverage Somewhat Unlikely to Impact Golden Entertainment (GDEN) Stock Price

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Press coverage about Golden Entertainment (NASDAQ:GDEN) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Golden Entertainment earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 44.4490476576748 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news headlines that may have impacted Accern’s analysis:

Several equities analysts recently commented on the company. BidaskClub upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th. TheStreet upgraded Golden Entertainment from a “c+” rating to a “b” rating in a research note on Monday, June 4th. Telsey Advisory Group upped their target price on Golden Entertainment from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 29th. Finally, ValuEngine upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Golden Entertainment currently has a consensus rating of “Buy” and an average price target of $36.33.

Golden Entertainment traded down $0.14, reaching $34.01, during trading hours on Friday, Marketbeat reports. 194,709 shares of the stock were exchanged, compared to its average volume of 452,646. 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 52 week low of $19.41 and a 52 week high of $34.75. The company has a market cap of $935.29 million, a PE ratio of 100.03 and a beta of 0.47.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $214.79 million for the quarter, compared to analysts’ expectations of $214.20 million. Golden Entertainment had a return on equity of 1.45% and a net margin of 0.12%. sell-side analysts expect that Golden Entertainment will post 1.09 EPS for the current fiscal year.

In related news, Director Timothy J. Cope sold 42,430 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $29.97, for a total value of $1,271,627.10. Following the sale, the director now directly owns 73,821 shares in the company, valued at approximately $2,212,415.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 33.80% of the stock is currently owned by corporate insiders.

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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