BidaskClub downgraded shares of Golden Entertainment (NASDAQ:GDEN) from a strong-buy rating to a buy rating in a research report released on Wednesday morning.
GDEN has been the topic of several other reports. Macquarie initiated coverage on Golden Entertainment in a research report on Wednesday, October 25th. They issued an outperform rating and a $35.00 price objective on the stock. TheStreet upgraded Golden Entertainment from a c rating to a b- rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $35.00.
Shares of Golden Entertainment (NASDAQ:GDEN) traded up $0.72 during trading hours on Wednesday, hitting $32.90. The stock had a trading volume of 95,000 shares, compared to its average volume of 95,364. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.59 and a quick ratio of 1.52. Golden Entertainment has a twelve month low of $10.60 and a twelve month high of $34.75. The stock has a market capitalization of $867.63, a P/E ratio of 29.91 and a beta of 0.32.
Several large investors have recently modified their holdings of GDEN. Eagle Asset Management Inc. lifted its position in shares of Golden Entertainment by 225.1% in the second quarter. Eagle Asset Management Inc. now owns 94,581 shares of the company’s stock valued at $1,958,000 after acquiring an additional 65,484 shares in the last quarter. Zacks Investment Management purchased a new position in Golden Entertainment during the second quarter worth about $1,348,000. Vanguard Group Inc. lifted its position in Golden Entertainment by 19.5% during the second quarter. Vanguard Group Inc. now owns 394,913 shares of the company’s stock worth $8,179,000 after buying an additional 64,501 shares during the period. EAM Investors LLC lifted its position in Golden Entertainment by 108.0% during the third quarter. EAM Investors LLC now owns 87,206 shares of the company’s stock worth $2,126,000 after buying an additional 45,284 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in Golden Entertainment by 61.0% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 49,886 shares of the company’s stock worth $1,215,000 after buying an additional 18,900 shares during the period. Institutional investors and hedge funds own 23.73% of the company’s stock.
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About Golden Entertainment
Golden Entertainment, Inc is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area.
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