Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) dropped 4.4% during trading on Wednesday . The stock traded as low as $27.08 and last traded at $27.14. Approximately 95,069 shares changed hands during trading, a decline of 58% from the average daily volume of 223,734 shares. The stock had previously closed at $28.38.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Macquarie reissued an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, JMP Securities lowered their price objective on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.00.
View Our Latest Stock Report on GDEN
Golden Entertainment Stock Up 1.1%
The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company's fifty day moving average price is $26.81 and its 200-day moving average price is $29.83. The stock has a market cap of $715.86 million, a P/E ratio of 21.84 and a beta of 1.79.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $160.84 million during the quarter, compared to analysts' expectations of $164.37 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. Equities analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current 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 payout ratio is 256.41%.
Institutional Investors Weigh In On Golden Entertainment
A number of institutional investors and hedge funds have recently modified their holdings of GDEN. Vanguard Group Inc. grew its position in Golden Entertainment by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock valued at $47,085,000 after acquiring an additional 57,285 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Golden Entertainment by 10.7% during the first 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 last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Golden Entertainment by 9.3% during the first quarter. Gamco Investors INC. ET AL now owns 825,426 shares of the company's stock valued at $21,783,000 after purchasing an additional 70,175 shares during the period. Penn Capital Management Company LLC grew its holdings in shares of Golden Entertainment by 29.3% in the first 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 last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Golden Entertainment by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock worth $21,288,000 after buying an additional 27,508 shares during the period. 70.73% of the stock is owned by institutional investors.
Golden Entertainment Company Profile
(
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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