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 Analyst Weigh In
A number of equities research analysts have commented on GDEN shares. JMP Securities dropped 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. 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, Truist Financial cut Golden Entertainment from a "buy" rating to a "hold" rating and cut their price target for the company from $36.00 to $34.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.
Check Out Our Latest Stock Analysis on GDEN
Golden Entertainment Stock Performance
The firm has a fifty day simple moving average of $29.01 and a 200-day simple moving average of $29.21. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.86. The company has a market cap of $772.81 million, a PE ratio of 74.97 and a beta of 1.79.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The firm had revenue of $160.84 million for the quarter, compared to analysts' expectations of $164.37 million. Golden Entertainment had a return on equity of 3.10% and a net margin of 1.72%. On average, research analysts forecast that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.
Golden Entertainment Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Wednesday, June 25th. Golden Entertainment's dividend payout ratio is currently 256.41%.
Institutional Trading of Golden Entertainment
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC increased its stake in Golden Entertainment by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 27,250 shares of the company's stock valued at $802,000 after buying an additional 544 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Golden Entertainment by 3.5% during the second quarter. State of Alaska Department of Revenue now owns 11,792 shares of the company's stock worth $346,000 after acquiring an additional 397 shares during the period. Parallel Advisors LLC purchased a new position in Golden Entertainment during the second quarter worth about $35,000. Strs Ohio acquired a new stake in Golden Entertainment in the first quarter valued at about $298,000. Finally, Jane Street Group LLC boosted its holdings in Golden Entertainment by 22.9% in the 1st quarter. Jane Street Group LLC now owns 34,913 shares of the company's stock valued at $921,000 after purchasing an additional 6,498 shares in the last quarter. 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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