Golden Entertainment (NASDAQ:GDEN) Stock Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• Golden Entertainment (GDEN) shares fell below their 50‑day moving average ($27.95), trading as low as $26.16 and last at $26.62 on volume of 115,031 shares, a near‑term technical bearish signal.
• The company missed expectations for the quarter with EPS of ($0.01) vs. $0.11 consensus and revenue of $155.63M vs. $166.61M, and analysts hold a consensus rating of Hold with an average price target of $32.75.
• Golden announced a quarterly dividend of $0.25 (annualized $1.00) yielding about 3.8% with an ex‑dividend date of March 18, despite a negative dividend payout ratio (-400%), which raises sustainability concerns.

Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $27.95 and traded as low as $26.16. Golden Entertainment shares last traded at $26.62, with a volume of 115,031 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GDEN. Citigroup reaffirmed a "market perform" rating on shares of Golden Entertainment in a research report on Tuesday, March 10th. Weiss Ratings lowered Golden Entertainment from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Finally, Zacks Research raised Golden Entertainment from a "strong sell" rating to a "hold" rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Golden Entertainment has a consensus rating of "Hold" and an average price target of $32.75.

Golden Entertainment Stock Up 1.0%

The firm has a market capitalization of $697.44 million, a P/E ratio of -106.48 and a beta of 1.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.17. The firm's 50-day moving average is $27.95 and its 200 day moving average is $26.52.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its earnings results on Friday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.12). Golden Entertainment had a positive return on equity of 0.51% and a negative net margin of 0.95%.The firm had revenue of $155.63 million for the quarter, compared to the consensus estimate of $166.61 million. As a group, equities research analysts predict that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.8%. Golden Entertainment's dividend payout ratio (DPR) is presently -400.00%.

Institutional Investors Weigh In On Golden Entertainment

Several institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Golden Entertainment by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,995 shares of the company's stock worth $1,033,000 after acquiring an additional 736 shares during the last quarter. Swiss National Bank raised its holdings in shares of Golden Entertainment by 2.3% in the fourth quarter. Swiss National Bank now owns 36,100 shares of the company's stock valued at $982,000 after purchasing an additional 800 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Golden Entertainment in the second quarter worth $27,000. Price T Rowe Associates Inc. MD lifted its position in shares of Golden Entertainment by 11.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,507 shares of the company's stock worth $313,000 after purchasing an additional 1,158 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in Golden Entertainment during the fourth quarter worth $33,000. Institutional investors own 70.73% of the company's stock.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company's core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy's Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT's branded venues throughout Southern Nevada.

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