Golden Entertainment (NASDAQ:GDEN) Receives New Coverage from Analysts at B. Riley

B. Riley initiated coverage on shares of Golden Entertainment (NASDAQ:GDEN - Free Report) in a research note issued to investors on Friday, StockNewsAPI reports. The brokerage issued a buy rating and a $46.00 price target on the stock.

GDEN has been the subject of several other reports. StockNews.com lowered shares of Golden Entertainment from a buy rating to a hold rating in a research report on Monday, March 4th. Truist Financial dropped their price objective on shares of Golden Entertainment from $45.00 to $44.00 and set a buy rating on the stock in a report on Tuesday. Finally, JMP Securities lowered their price target on Golden Entertainment from $48.00 to $45.00 and set a market outperform rating for the company in a research report on Friday, March 1st.

Golden Entertainment Stock Down 2.4 %

NASDAQ GDEN traded down $0.81 on Friday, hitting $32.41. The stock had a trading volume of 198,801 shares, compared to its average volume of 155,926. The business's fifty day moving average price is $34.93 and its 200 day moving average price is $36.57. The stock has a market cap of $938.27 million, a price-to-earnings ratio of 3.91 and a beta of 2.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.35 and a quick ratio of 2.30. Golden Entertainment has a 52-week low of $30.38 and a 52-week high of $47.49.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.07). Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. The business had revenue of $230.69 million during the quarter, compared to analyst estimates of $228.75 million. Equities research analysts anticipate that Golden Entertainment will post 1.21 earnings per share for the current year.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.09%. Golden Entertainment's payout ratio is currently 12.08%.

Hedge Funds Weigh In On Golden Entertainment

A number of institutional investors have recently modified their holdings of GDEN. Allspring Global Investments Holdings LLC boosted its stake in shares of Golden Entertainment by 86.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company's stock worth $36,000 after buying an additional 487 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Golden Entertainment by 44.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company's stock worth $171,000 after purchasing an additional 1,549 shares in the last quarter. Inscription Capital LLC acquired a new stake in shares of Golden Entertainment during the 1st quarter worth approximately $226,000. New York State Teachers Retirement System increased its holdings in shares of Golden Entertainment by 6.7% during the 1st quarter. New York State Teachers Retirement System now owns 6,272 shares of the company's stock valued at $231,000 after purchasing an additional 394 shares in the last quarter. Finally, MGO One Seven LLC lifted its stake in shares of Golden Entertainment by 13.3% in the 3rd quarter. MGO One Seven LLC now owns 9,897 shares of the company's stock valued at $338,000 after purchasing an additional 1,164 shares during the period. Hedge funds and other institutional investors own 70.73% of the company's stock.

About Golden Entertainment

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.