Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) shares fell 4.4% on Wednesday . The stock traded as low as $27.08 and last traded at $27.14. 95,069 shares were traded during mid-day trading, a decline of 58% from the average session volume of 223,734 shares. The stock had previously closed at $28.38.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on GDEN. Wall Street Zen upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Macquarie reiterated an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Finally, JMP Securities decreased their price objective on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Golden Entertainment has an average rating of "Moderate Buy" and an average target price of $37.00.
Read Our Latest Report on GDEN
Golden Entertainment Stock Down 0.3%
The stock has a market capitalization of $716.39 million, a P/E ratio of 21.85 and a beta of 1.85. The company's 50-day moving average price is $26.79 and its 200 day moving average price is $29.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $160.84 million for the quarter, compared to analysts' expectations of $164.37 million. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. As a group, equities analysts expect that Golden Entertainment, Inc. will post 0.2 earnings per share for the current year.
Golden Entertainment Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.69%. Golden Entertainment's payout ratio is currently 256.41%.
Hedge Funds Weigh In On Golden Entertainment
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Golden Entertainment by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock worth $47,085,000 after buying an additional 57,285 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Golden Entertainment by 10.7% during the 1st quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company's stock worth $37,956,000 after purchasing an additional 138,137 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Golden Entertainment by 9.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 825,426 shares of the company's stock worth $21,783,000 after purchasing an additional 70,175 shares during the period. Penn Capital Management Company LLC boosted its stake in shares of Golden Entertainment by 29.3% during the 1st quarter. Penn Capital Management Company LLC now owns 674,024 shares of the company's stock worth $17,827,000 after purchasing an additional 152,805 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Golden Entertainment by 4.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock worth $21,288,000 after purchasing an additional 27,508 shares during the period. 70.73% of the stock is owned by hedge funds and other institutional investors.
About Golden Entertainment
(
Get Free Report)
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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