Golden Entertainment (NASDAQ:GDEN) Rating Lowered to Hold at StockNews.com

Golden Entertainment (NASDAQ:GDEN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

GDEN has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Golden Entertainment from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. B. Riley assumed coverage on shares of Golden Entertainment in a research note on Friday, April 26th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Truist Financial dropped their price objective on shares of Golden Entertainment from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Golden Entertainment has a consensus rating of “Moderate Buy” and an average target price of $41.25.

Golden Entertainment Stock Performance

NASDAQ GDEN opened at $31.22 on Tuesday. The firm has a 50-day moving average of $30.02 and a 200-day moving average of $33.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.33 and a current ratio of 2.36. The stock has a market cap of $903.82 million, a PE ratio of 3.37 and a beta of 2.23. Golden Entertainment has a 52-week low of $28.20 and a 52-week high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Wednesday, May 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.50). The company had revenue of $174.05 million for the quarter, compared to analyst estimates of $168.72 million. Golden Entertainment had a return on equity of 1.13% and a net margin of 30.14%. On average, sell-side analysts anticipate that Golden Entertainment will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Golden Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC grew its holdings in Golden Entertainment by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,356 shares of the company’s stock worth $693,000 after acquiring an additional 265 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Golden Entertainment by 6.7% during the 1st quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock worth $231,000 after acquiring an additional 394 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Golden Entertainment by 5.1% during the 4th quarter. BNP Paribas Financial Markets now owns 20,164 shares of the company’s stock worth $805,000 after acquiring an additional 983 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Golden Entertainment by 25.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 7,254 shares of the company’s stock worth $267,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in Golden Entertainment by 15.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,212 shares of the company’s stock worth $523,000 after acquiring an additional 1,896 shares during the last quarter. 70.73% of the stock is owned by institutional investors.

Golden Entertainment Company Profile

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.