Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $31.77, but opened at $29.84. Golden Entertainment shares last traded at $28.82, with a volume of 43,777 shares.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Truist Financial cut shares of Golden Entertainment from a "buy" rating to a "hold" rating and cut their target price for the stock from $36.00 to $34.00 in a research note on Wednesday. JMP Securities set a $35.00 target price on shares of Golden Entertainment and gave the stock a "market outperform" rating in a research note on Friday. Wall Street Zen upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Citigroup reiterated an "outperform" rating on shares of Golden Entertainment in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.50.
Read Our Latest Research Report on Golden Entertainment
Golden Entertainment Stock Down 2.4%
The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The firm's 50 day simple moving average is $29.10 and its two-hundred day simple moving average is $29.16. The firm has a market cap of $754.31 million, a price-to-earnings ratio of 73.18 and a beta of 1.79.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its quarterly earnings data 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 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 3.10% and a net margin of 1.72%. On average, equities analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current year.
Golden Entertainment Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Wednesday, June 25th. Golden Entertainment's payout ratio is presently 256.41%.
Hedge Funds Weigh In On Golden Entertainment
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 valued at $47,085,000 after buying an additional 57,285 shares in the last quarter. DAVENPORT & Co LLC grew its holdings 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 valued at $37,956,000 after purchasing an additional 138,137 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings 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 valued at $21,783,000 after purchasing an additional 70,175 shares during the last quarter. Penn Capital Management Company LLC grew its holdings 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 valued at $17,827,000 after purchasing an additional 152,805 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Golden Entertainment during the 4th quarter valued at approximately $17,704,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
Before you consider Golden Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Golden Entertainment wasn't on the list.
While Golden Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
