Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Average Rating of “Hold” from Analysts

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.75.

Several research analysts have weighed in on GDEN shares. Weiss Ratings downgraded shares of Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Citigroup restated a “market perform” rating on shares of Golden Entertainment in a report on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd.

Golden Entertainment Stock Up 0.6%

Golden Entertainment stock opened at $27.27 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.01. Golden Entertainment has a 12-month low of $19.57 and a 12-month high of $32.74. The firm’s fifty day moving average is $27.74 and its 200 day moving average is $26.67. The company has a market capitalization of $719.90 million, a PE ratio of -109.08 and a beta of 1.40.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Friday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). Golden Entertainment had a negative net margin of 0.95% and a positive return on equity of 0.51%. The company had revenue of $155.63 million for the quarter, compared to analyst estimates of $166.61 million. As a group, sell-side analysts predict that Golden Entertainment will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 18th. This represents a $1.00 annualized dividend and a yield of 3.7%. Golden Entertainment’s dividend payout ratio is presently -400.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. DAVENPORT & Co LLC raised its holdings in shares of Golden Entertainment by 2.5% in the third quarter. DAVENPORT & Co LLC now owns 1,521,937 shares of the company’s stock valued at $35,692,000 after purchasing an additional 37,055 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Golden Entertainment by 25.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,134,462 shares of the company’s stock valued at $30,846,000 after purchasing an additional 233,324 shares during the last quarter. Quinn Opportunity Partners LLC purchased a new stake in shares of Golden Entertainment in the fourth quarter valued at about $23,812,000. Deprince Race & Zollo Inc. raised its holdings in shares of Golden Entertainment by 2.9% in the third quarter. Deprince Race & Zollo Inc. now owns 839,494 shares of the company’s stock valued at $19,795,000 after purchasing an additional 23,476 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Golden Entertainment by 0.3% in the fourth quarter. State Street Corp now owns 743,711 shares of the company’s stock valued at $20,405,000 after purchasing an additional 2,002 shares during the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

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.