Golden Entertainment (NASDAQ:GDEN) Now Covered by B. Riley

Stock analysts at B. Riley initiated coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a research note issued to investors on Friday, StockNewsAPI reports. The brokerage set a “buy” rating and a $46.00 price target on the stock. B. Riley’s price target would suggest a potential upside of 41.10% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Truist Financial lowered their price objective on Golden Entertainment from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Finally, JMP Securities cut their price objective on Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Friday, March 1st.

Golden Entertainment Stock Performance

Shares of Golden Entertainment stock traded down $0.62 during trading on Friday, hitting $32.60. 22,069 shares of the stock were exchanged, compared to its average volume of 153,677. Golden Entertainment has a 12 month low of $30.38 and a 12 month high of $47.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. The stock’s fifty day moving average is $35.03 and its 200 day moving average is $36.58. The stock has a market cap of $943.77 million, a PE ratio of 4.01 and a beta of 2.25.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). The company had revenue of $230.69 million during the quarter, compared to analyst estimates of $228.75 million. Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. As a group, sell-side analysts anticipate that Golden Entertainment will post 1.21 EPS for the current year.

Institutional Trading of Golden Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System lifted its holdings in shares of Golden Entertainment by 6.7% during the first quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock worth $231,000 after purchasing an additional 394 shares during the period. Inscription Capital LLC purchased a new stake in shares of Golden Entertainment during the 1st quarter valued at approximately $226,000. Gabelli Funds LLC increased its holdings in shares of Golden Entertainment by 12.0% in the 4th quarter. Gabelli Funds LLC now owns 169,000 shares of the company’s stock worth $6,748,000 after buying an additional 18,128 shares during the last quarter. RK Capital Management LLC grew its holdings in shares of Golden Entertainment by 18.7% during the 4th quarter. RK Capital Management LLC now owns 210,100 shares of the company’s stock valued at $8,389,000 after purchasing an additional 33,100 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Golden Entertainment in the 4th quarter worth $386,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

About Golden Entertainment

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.