BidaskClub cut shares of Golden Entertainment (NASDAQ:GDEN) from a sell rating to a strong sell rating in a report published on Thursday.

Several other research analysts also recently commented on the stock. Jefferies Financial Group set a $39.00 price objective on shares of Golden Entertainment and gave the stock a buy rating in a report on Monday, September 24th. Zacks Investment Research raised shares of Golden Entertainment from a strong sell rating to a hold rating in a report on Wednesday, July 11th. Deutsche Bank reaffirmed a buy rating on shares of Golden Entertainment in a report on Thursday, October 11th. ValuEngine downgraded shares of Golden Entertainment from a buy rating to a hold rating in a report on Friday, September 7th. Finally, TheStreet downgraded shares of Golden Entertainment from a b rating to a c rating in a report on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Golden Entertainment presently has a consensus rating of Hold and an average price target of $37.50.

Shares of GDEN stock traded down $0.30 during trading hours on Thursday, hitting $21.30. 8,613 shares of the company were exchanged, compared to its average volume of 418,229. The company has a quick ratio of 2.29, a current ratio of 2.38 and a debt-to-equity ratio of 2.69. Golden Entertainment has a 52-week low of $21.06 and a 52-week high of $34.75. The firm has a market cap of $608.29 million, a P/E ratio of 63.65, a PEG ratio of 2.87 and a beta of 0.54.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.11). Golden Entertainment had a return on equity of 1.89% and a net margin of 0.36%. The company had revenue of $216.54 million for the quarter, compared to analysts’ expectations of $223.40 million. As a group, equities analysts expect that Golden Entertainment will post 0.77 EPS for the current year.

In related news, Director Lyle Berman sold 141,685 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $24.50, for a total value of $3,471,282.50. Following the completion of the transaction, the director now directly owns 898,293 shares of the company’s stock, valued at approximately $22,008,178.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sean T. Higgins sold 11,840 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $28.86, for a total transaction of $341,702.40. Following the completion of the transaction, the vice president now directly owns 27,063 shares of the company’s stock, valued at $781,038.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,024 shares of company stock valued at $5,390,719. 33.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDEN. NumerixS Investment Technologies Inc bought a new position in Golden Entertainment in the 2nd quarter valued at $108,000. MetLife Investment Advisors LLC boosted its holdings in Golden Entertainment by 52.7% in the 1st quarter. MetLife Investment Advisors LLC now owns 8,432 shares of the company’s stock valued at $196,000 after purchasing an additional 2,910 shares during the period. Navellier & Associates Inc bought a new position in Golden Entertainment in the 2nd quarter valued at $202,000. State Board of Administration of Florida Retirement System bought a new position in Golden Entertainment in the 2nd quarter valued at $218,000. Finally, Barclays PLC boosted its holdings in Golden Entertainment by 397.3% in the 1st quarter. Barclays PLC now owns 9,932 shares of the company’s stock valued at $230,000 after purchasing an additional 7,935 shares during the period. 63.44% of the stock is owned by institutional investors.

About Golden Entertainment

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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