Golden Entertainment, Inc., together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities. The Nevada Locals Casinos segment consists of casino properties that cater to local customers. The Maryland Casino Resort segment operates Rocky Gap casino resort, including various food and beverage outlets, signature golf course, spa, and pool. The Distributed Gaming segment operates slot machines and amusement devices in non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, and grocery stores. As of February 17, 2022, the company operated approximately 16,900 slots, 120 table games, and 6,200 hotel rooms; 10 casinos; and video gaming devices at 1,100 locations, as well as owned 60 traditional taverns. The company was formerly known as Lakes Entertainment, Inc. and changed its name to Golden Entertainment, Inc. in July 2015. Golden Entertainment, Inc. was incorporated in 1998 and is headquartered in Las Vegas, Nevada.
Golden Entertainment Trading Up 0.3 %
GDEN Stock traded up $0.12 during midday trading on Tuesday, hitting $42.77. The stock had a trading volume of 2,143 shares, compared to its average volume of 144,448. The firm has a market cap of $1.22 billion, a P/E ratio of 12.96 and a beta of 2.50. The company has a current ratio of 1.91, a quick ratio of 1.85 and a debt-to-equity ratio of 2.84. Golden Entertainment has a 1-year low of $37.21 and a 1-year high of $59.96. The business has a fifty day moving average price of $41.93 and a two-hundred day moving average price of $47.83.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on GDEN shares. JMP Securities began coverage on shares of Golden Entertainment in a research report on Tuesday, June 28th. They issued an "outperform" rating and a $63.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Golden Entertainment from $57.00 to $51.00 and set a "buy" rating on the stock in a report on Wednesday, July 13th. StockNews.com upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday. Finally, B. Riley cut their price target on shares of Golden Entertainment from $75.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, June 28th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Golden Entertainment currently has an average rating of "Buy" and a consensus price target of $63.33.