Golden Entertainment (NASDAQ:GDEN) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.
Other analysts have also issued research reports about the company. TheStreet raised Golden Entertainment from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Macquarie started coverage on Golden Entertainment in a report on Wednesday, October 25th. They issued an “outperform” rating and a $35.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $35.00.
Golden Entertainment (GDEN) traded up $0.98 during trading on Wednesday, reaching $32.18. The company’s stock had a trading volume of 100,900 shares, compared to its average volume of 123,933. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.59 and a quick ratio of 1.52. The firm has a market capitalization of $822.79, a price-to-earnings ratio of 29.25 and a beta of 0.32. Golden Entertainment has a 12 month low of $10.60 and a 12 month high of $34.75.
A number of institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors boosted its stake in shares of Golden Entertainment by 11.8% during the second quarter. Nationwide Fund Advisors now owns 6,360 shares of the company’s stock valued at $132,000 after acquiring an additional 671 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Golden Entertainment during the second quarter valued at $133,000. The Manufacturers Life Insurance Company boosted its stake in shares of Golden Entertainment by 122.9% during the second quarter. The Manufacturers Life Insurance Company now owns 9,735 shares of the company’s stock valued at $202,000 after acquiring an additional 5,368 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Golden Entertainment during the third quarter valued at $211,000. Finally, Rhumbline Advisers boosted its stake in shares of Golden Entertainment by 5.5% during the second quarter. Rhumbline Advisers now owns 11,650 shares of the company’s stock valued at $241,000 after acquiring an additional 605 shares during the last quarter. 23.73% of the stock is currently owned by institutional investors.
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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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