Golden Entertainment Inc (NASDAQ:GDEN) – Equities research analysts at Jefferies Financial Group lowered their Q3 2018 earnings estimates for shares of Golden Entertainment in a report issued on Monday, September 24th. Jefferies Financial Group analyst D. Katz now anticipates that the company will earn $0.18 per share for the quarter, down from their previous estimate of $0.30. Jefferies Financial Group has a “Buy” rating and a $39.00 price target on the stock. Jefferies Financial Group also issued estimates for Golden Entertainment’s Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.49 EPS and FY2019 earnings at $1.78 EPS.
Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.11). The company had revenue of $216.54 million during the quarter, compared to analysts’ expectations of $223.40 million. Golden Entertainment had a return on equity of 1.89% and a net margin of 0.36%.
GDEN has been the subject of a number of other reports. Zacks Investment Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 11th. BidaskClub raised Golden Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. ValuEngine downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Finally, TheStreet downgraded Golden Entertainment from a “b” rating to a “c” rating in a research report on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.67.
Shares of GDEN opened at $22.90 on Thursday. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.38 and a quick ratio of 2.29. The company has a market cap of $643.78 million, a P/E ratio of 111.43, a price-to-earnings-growth ratio of 3.04 and a beta of 0.50. Golden Entertainment has a 12 month low of $22.25 and a 12 month high of $34.75.
In other Golden Entertainment news, Director Lyle Berman sold 141,685 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $24.50, for a total value of $3,471,282.50. Following the completion of the sale, the director now directly owns 898,293 shares of the company’s stock, valued at $22,008,178.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stephen A. Arcana sold 8,656 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $28.31, for a total value of $245,051.36. Following the completion of the sale, the chief operating officer now directly owns 68,434 shares of the company’s stock, valued at $1,937,366.54. The disclosure for this sale can be found here. Insiders sold 210,024 shares of company stock valued at $5,390,719 over the last three months. Company insiders own 33.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Nantahala Capital Management LLC boosted its holdings in shares of Golden Entertainment by 6.1% in the second quarter. Nantahala Capital Management LLC now owns 1,957,510 shares of the company’s stock worth $52,833,000 after acquiring an additional 113,183 shares during the period. Park West Asset Management LLC bought a new position in shares of Golden Entertainment in the first quarter worth $31,361,000. BlackRock Inc. boosted its holdings in shares of Golden Entertainment by 15.9% in the second quarter. BlackRock Inc. now owns 1,261,514 shares of the company’s stock worth $34,047,000 after acquiring an additional 172,730 shares during the period. FMR LLC boosted its stake in Golden Entertainment by 13.2% during the second quarter. FMR LLC now owns 898,753 shares of the company’s stock valued at $24,257,000 after buying an additional 104,887 shares during the period. Finally, Teton Advisors Inc. boosted its stake in Golden Entertainment by 0.8% during the second quarter. Teton Advisors Inc. now owns 509,297 shares of the company’s stock valued at $13,746,000 after buying an additional 4,000 shares during the period. 63.44% of the stock is owned by hedge funds and other 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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