Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Consensus “Buy” Rating from Analysts
Golden Entertainment, Inc. (NASDAQ: GDEN – Get a rating) earned a consensus “Buy” recommendation from the seven brokerages that currently cover the stock, Marketbeat.com reports. Five investment analysts gave the stock a buy rating. The average 1-year price target among brokerages that have reported on the stock in the past year is $63.25.
A number of equity research analysts have recently commented on GDEN shares. Deutsche Bank Aktiengesellschaft cut its price target on Golden Entertainment shares from $66.00 to $57.00 in a Friday, May 6 report. Roth Capital began covering Golden Entertainment shares in a report on Wednesday, February 16. They set a “buy” rating and a price target of $70.00 for the company. Macquarie raised its price target on Golden Entertainment shares from $64.00 to $66.00 and gave the stock an “outperform” rating in a Friday, February 18 report. StockNews.com cut shares of Golden Entertainment from a “strong buy” rating to a “buy” rating in a Saturday, May 14, report. Finally, B. Riley reaffirmed a “buy” rating on Golden Entertainment shares in a report on Friday, May 6.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Kentucky State Teachers’ Retirement System acquired a new position in Golden Entertainment stock in Q1 worth approximately $343,000. Bank of America Corp DE increased its position in shares of Golden Entertainment by 116.0% during the 1st quarter. Bank of America Corp DE now owns 29,607 shares of the company worth $1,720,000 after buying an additional 15,902 shares last quarter. Phocas Financial Corp. purchased a new stake in shares of Golden Entertainment during Q1 for a value of approximately $7,062,000. Capital Research Global Investors increased its position in Golden Entertainment shares by 27.1% during the 1st quarter. Capital Research Global Investors now owns 2,066,100 shares of the company worth $119,978,000 after buying an additional 441,100 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its position in Golden Entertainment shares by 161.5% during the 1st quarter. Point72 Hong Kong Ltd now owns 544 shares in the company worth $32,000 after buying 336 more shares in the last quarter. 68.88% of the shares are held by institutional investors and hedge funds.
GDEN shares opened at $45.34 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.86 and a debt ratio of 2.96. The company has a fifty-day moving average price of $48.45 and a 200-day moving average price of $49.69. The company has a market capitalization of $1.31 billion, a P/E ratio of 7.71 and a beta of 2.59. Golden Entertainment has a 12 month minimum of $40.03 and a 12 month maximum of $59.96.
Golden Entertainment Company Profile (Get a rating)
Golden Entertainment, Inc, together with its subsidiaries, is engaged in the ownership and operation of a diversified entertainment platform in the United States. The Company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort and Distributed Gaming. The Nevada Casino Resorts segment includes destination casino resort properties that include various food and beverage outlets, entertainment venues and other amenities.
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