Golden Entertainment (NASDAQ:GDEN) Raised to Buy at StockNews.com

Golden Entertainment (NASDAQ:GDEN - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

A number of other equities analysts have also recently weighed in on GDEN. Macquarie reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. JMP Securities reduced their price target on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Golden Entertainment Stock Performance

Golden Entertainment stock traded up $1.16 during trading hours on Monday, hitting $28.48. 231,931 shares of the stock traded hands, compared to its average volume of 236,273. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The firm's 50 day moving average price is $26.42 and its 200-day moving average price is $30.23. The stock has a market capitalization of $752.87 million, a price-to-earnings ratio of 22.97 and a beta of 1.85. Golden Entertainment has a 1 year low of $22.66 and a 1 year high of $35.49.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The business had revenue of $160.84 million during the quarter, compared to analyst estimates of $164.37 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. As a group, equities analysts expect that Golden Entertainment will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Golden Entertainment

A number of hedge funds have recently made changes to their positions in GDEN. Barclays PLC raised its holdings in shares of Golden Entertainment by 84.7% during the third quarter. Barclays PLC now owns 48,918 shares of the company's stock valued at $1,556,000 after acquiring an additional 22,440 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Golden Entertainment by 42.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company's stock valued at $325,000 after purchasing an additional 3,037 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Golden Entertainment by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company's stock valued at $1,005,000 after purchasing an additional 1,672 shares in the last quarter. DAVENPORT & Co LLC grew its position in shares of Golden Entertainment by 26.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock valued at $40,864,000 after purchasing an additional 271,782 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Golden Entertainment by 2.2% in the fourth quarter. Rhumbline Advisers now owns 52,291 shares of the company's stock valued at $1,652,000 after purchasing an additional 1,102 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company's stock.

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.

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