Golden Entertainment, Inc. (NASDAQ:GDEN) Given Average Rating of “Hold” by Brokerages

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $32.75.

Several research firms have recently commented on GDEN. Truist Financial raised their price objective on Golden Entertainment from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Weiss Ratings upgraded shares of Golden Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 28th. Citizens Jmp lowered shares of Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th. Zacks Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Wells Fargo & Company restated a “sell” rating and set a $30.00 target price (down previously from $34.00) on shares of Golden Entertainment in a research note on Thursday, November 6th.

Institutional Investors Weigh In On Golden Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Golden Entertainment by 2.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,995 shares of the company’s stock valued at $1,033,000 after acquiring an additional 736 shares during the last quarter. Swiss National Bank increased its holdings in shares of Golden Entertainment by 2.3% in the fourth quarter. Swiss National Bank now owns 36,100 shares of the company’s stock worth $982,000 after purchasing an additional 800 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Golden Entertainment in the second quarter worth about $27,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Golden Entertainment in the fourth quarter worth about $33,000. Finally, Prudential Financial Inc. boosted its stake in Golden Entertainment by 6.0% during the second quarter. Prudential Financial Inc. now owns 21,873 shares of the company’s stock valued at $644,000 after buying an additional 1,235 shares during the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Stock Performance

Shares of NASDAQ GDEN opened at $28.29 on Tuesday. Golden Entertainment has a 12-month low of $19.57 and a 12-month high of $35.49. The firm has a market capitalization of $740.63 million, a price-to-earnings ratio of 157.17 and a beta of 1.47. The company has a current ratio of 1.10, a quick ratio of 1.02 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $27.54 and a 200 day moving average of $26.02.

About Golden Entertainment

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.