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

Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $37.00.

Several brokerages have weighed in on GDEN. Wall Street Zen upgraded Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Macquarie restated an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, JMP Securities lowered their target price on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research note on Thursday, April 17th.

Golden Entertainment Trading Up 1.1%

GDEN traded up $0.29 during mid-day trading on Thursday, hitting $27.08. 202,229 shares of the stock were exchanged, compared to its average volume of 222,656. The firm's fifty day moving average is $26.81 and its two-hundred day moving average is $29.78. Golden Entertainment has a 1-year low of $22.66 and a 1-year high of $35.49. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The company has a market cap of $715.86 million, a PE ratio of 21.84 and a beta of 1.79.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its 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). Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The firm had revenue of $160.84 million for the quarter, compared to analyst estimates of $164.37 million. Equities analysts forecast that Golden Entertainment will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 annualized dividend and a dividend yield of 3.69%. Golden Entertainment's dividend payout ratio is currently 256.41%.

Institutional Trading of Golden Entertainment

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC lifted its holdings in shares of Golden Entertainment by 405.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock valued at $59,000 after buying an additional 1,501 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Golden Entertainment by 86.0% in the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after buying an additional 1,144 shares during the period. Inscription Capital LLC acquired a new position in Golden Entertainment during the first quarter worth $165,000. GAMMA Investing LLC raised its holdings in Golden Entertainment by 1,136.9% during the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock worth $178,000 after purchasing an additional 6,185 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Golden Entertainment by 29.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,654 shares of the company's stock worth $202,000 after purchasing an additional 1,750 shares during the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

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.