Golden Entertainment, Inc. (NASDAQ:GDEN) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.00.

A number of equities research analysts have weighed in on the company. JMP Securities lowered their price objective on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a report on Thursday, April 17th. Wall Street Zen raised Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th.

Institutional Investors Weigh In On Golden Entertainment

Several institutional investors have recently modified their holdings of GDEN. Rhumbline Advisers boosted its stake in shares of Golden Entertainment by 2.2% during the 4th quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock worth $1,652,000 after acquiring an additional 1,102 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Golden Entertainment by 37.6% during the 4th quarter. Bank of New York Mellon Corp now owns 241,658 shares of the company's stock worth $7,636,000 after acquiring an additional 66,061 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Golden Entertainment during the 4th quarter worth approximately $608,000. Mutual of America Capital Management LLC boosted its stake in shares of Golden Entertainment by 4.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 252,882 shares of the company's stock worth $7,991,000 after acquiring an additional 11,259 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Golden Entertainment by 10.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company's stock worth $9,771,000 after acquiring an additional 30,487 shares in the last quarter. Hedge funds and other institutional investors own 70.73% of the company's stock.

Golden Entertainment Stock Performance

Shares of GDEN stock opened at $29.51 on Monday. The stock has a market capitalization of $779.95 million, a PE ratio of 75.67 and a beta of 1.79. Golden Entertainment has a 52-week low of $22.66 and a 52-week high of $35.49. The stock's 50-day moving average price is $27.71 and its 200 day moving average price is $29.25. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.86.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $160.84 million during the quarter, compared to analyst estimates of $164.37 million. Golden Entertainment had a net margin of 1.72% and a return on equity of 3.10%. As a group, equities research analysts forecast that Golden Entertainment will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Wednesday, June 25th. Golden Entertainment's dividend payout ratio (DPR) is 256.41%.

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.

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