Golden Entertainment, Inc. (GDEN) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS
Golden Entertainment, Inc. (NASDAQ:GDEN) issued its quarterly earnings results on Friday. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.14, MarketWatch Earnings reports. Golden Entertainment had a return on equity of 6.99% and a net margin of 4.63%. The firm had revenue of $110.49 million for the quarter, compared to analysts’ expectations of $112.30 million.
Shares of Golden Entertainment (NASDAQ GDEN) opened at 20.95 on Friday. The stock has a market capitalization of $466.16 million, a PE ratio of 24.39 and a beta of 0.04. Golden Entertainment has a 12 month low of $8.65 and a 12 month high of $22.18. The company’s 50 day moving average price is $20.75 and its 200 day moving average price is $15.45.
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A number of institutional investors have recently added to or reduced their stakes in GDEN. Goldman Sachs Group Inc. purchased a new position in Golden Entertainment during the first quarter valued at $196,000. Lafitte Capital Management LP increased its position in Golden Entertainment by 21.6% in the first quarter. Lafitte Capital Management LP now owns 438,885 shares of the company’s stock valued at $5,806,000 after buying an additional 78,055 shares during the last quarter. Bank of Montreal Can purchased a new position in Golden Entertainment during the second quarter valued at $133,000. Rhumbline Advisers increased its position in Golden Entertainment by 5.5% in the second quarter. Rhumbline Advisers now owns 11,650 shares of the company’s stock valued at $241,000 after buying an additional 605 shares during the last quarter. Finally, Accredited Investors Inc. purchased a new position in Golden Entertainment during the second quarter valued at $201,000. 27.87% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on the company. Zacks Investment Research upgraded Golden Entertainment from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, May 12th. BidaskClub upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, SunTrust Banks, Inc. cut Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, May 15th.
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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