Press coverage about Golden Entertainment (NASDAQ:GDEN) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Golden Entertainment earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 48.4389751293041 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- BidaskClub Lowers Golden Entertainment (GDEN) to Hold (americanbankingnews.com)
- Contrasting Golden Entertainment (GDEN) and Cedar Fair Entertainment (FUN) (americanbankingnews.com)
- Golden Entertainment (GDEN) Upgraded to Buy at BidaskClub (americanbankingnews.com)
- Golden Entertainment (GDEN) Rating Lowered to Sell at BidaskClub (americanbankingnews.com)
- Financial Survey: The Madison Square Garden (MSG) vs. Golden Entertainment (GDEN) (americanbankingnews.com)
Shares of GDEN stock traded up $0.83 on Tuesday, hitting $24.97. 53,725 shares of the company’s stock were exchanged, compared to its average volume of 342,282. The company has a quick ratio of 1.64, a current ratio of 1.71 and a debt-to-equity ratio of 3.00. Golden Entertainment has a 12 month low of $13.37 and a 12 month high of $34.75. The company has a market cap of $633.20, a P/E ratio of 72.44 and a beta of 0.52.
Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, March 15th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.50). Golden Entertainment had a return on equity of 1.86% and a net margin of 0.43%. The business had revenue of $184.35 million for the quarter, compared to the consensus estimate of $174.80 million. equities research analysts anticipate that Golden Entertainment will post 1.45 earnings per share for the current fiscal year.
Several brokerages recently weighed in on GDEN. BidaskClub downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 20th. Jefferies Group began coverage on Golden Entertainment in a research report on Thursday, January 18th. They set a “buy” rating and a $38.00 price objective for the company. Telsey Advisory Group began coverage on Golden Entertainment in a research report on Tuesday, March 13th. They set an “outperform” rating and a $32.00 price objective for the company. Finally, TheStreet downgraded Golden Entertainment from a “b” rating to a “c+” rating in a research report on Thursday, March 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.00.
In other Golden Entertainment news, Director Lyle Berman sold 750,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $26.64, for a total value of $19,980,000.00. Following the completion of the transaction, the director now owns 1,642,841 shares of the company’s stock, valued at approximately $43,765,284.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Blake L. Sartini sold 953,506 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was 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. In the last ninety days, insiders sold 5,750,000 shares of company stock valued at $153,180,000. Insiders own 52.00% of the company’s stock.
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Golden Entertainment Company Profile
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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