Golden Entertainment (GDEN) Upgraded at BidaskClub
BidaskClub upgraded shares of Golden Entertainment (NASDAQ:GDEN) from a sell rating to a hold rating in a research note issued to investors on Thursday.
A number of other equities analysts also recently commented on GDEN. Zacks Investment Research downgraded Golden Entertainment from a hold rating to a strong sell rating in a report on Tuesday, March 20th. TheStreet downgraded Golden Entertainment from a b rating to a c+ rating in a report on Thursday, March 15th. Telsey Advisory Group began coverage on Golden Entertainment in a report on Tuesday, March 13th. They issued an outperform rating and a $32.00 price objective on the stock. Finally, Jefferies Group began coverage on Golden Entertainment in a report on Thursday, January 18th. They issued a buy rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $35.00.
NASDAQ GDEN opened at $26.09 on Thursday. Golden Entertainment has a twelve month low of $13.79 and a twelve month high of $34.75. The stock has a market cap of $714.55, a P/E ratio of 113.43 and a beta of 0.52. The company has a current ratio of 1.71, a quick ratio of 1.64 and a debt-to-equity ratio of 3.00.
In related news, major shareholder Goldman Sachs Group Inc sold 4,046,494 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $26.64, for a total transaction of $107,798,600.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Blake L. Sartini sold 953,506 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $26.64, for a total value of $25,401,399.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,750,000 shares of company stock worth $153,180,000. Company insiders own 52.00% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in shares of Golden Entertainment during the 4th quarter valued at about $180,000. Millennium Management LLC purchased a new stake in shares of Golden Entertainment during the 4th quarter valued at about $2,559,000. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Golden Entertainment by 14.6% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 57,186 shares of the company’s stock valued at $1,866,000 after buying an additional 7,300 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Golden Entertainment during the 4th quarter valued at about $727,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Golden Entertainment during the 4th quarter valued at about $131,600,000. Institutional investors and hedge funds own 39.17% 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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