Citizens Jmp Reiterates “Market Perform” Rating for Golden Entertainment (NASDAQ:GDEN)

Golden Entertainment (NASDAQ:GDEN)‘s stock had its “market perform” rating reiterated by equities research analysts at Citizens Jmp in a note issued to investors on Friday,Benzinga reports.

Other equities analysts have also recently issued research reports about the company. Truist Financial reduced their target price on Golden Entertainment from $30.00 to $25.00 and set a “hold” rating on the stock in a report on Tuesday, October 21st. Zacks Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Macquarie cut their target price on shares of Golden Entertainment from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. JMP Securities decreased their price target on shares of Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating for the company in a report on Tuesday, September 16th. Finally, Weiss Ratings upgraded shares of Golden Entertainment from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Golden Entertainment currently has a consensus rating of “Hold” and a consensus price target of $31.60.

Golden Entertainment Stock Performance

Golden Entertainment stock opened at $28.52 on Friday. The company has a market cap of $746.03 million, a PE ratio of 52.82 and a beta of 1.67. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.95. Golden Entertainment has a 1 year low of $19.57 and a 1 year high of $35.49. The company’s 50-day moving average is $23.17 and its two-hundred day moving average is $26.22.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. The firm had revenue of $163.62 million during the quarter, compared to analyst estimates of $169.70 million. Equities analysts anticipate that Golden Entertainment will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On Golden Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of GDEN. Charles Schwab Investment Management Inc. raised its holdings in shares of Golden Entertainment by 14.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 352,843 shares of the company’s stock valued at $9,312,000 after purchasing an additional 43,647 shares during the last quarter. GSA Capital Partners LLP grew its position in Golden Entertainment by 21.8% in the first quarter. GSA Capital Partners LLP now owns 29,482 shares of the company’s stock valued at $778,000 after purchasing an additional 5,273 shares in the last quarter. Trexquant Investment LP increased its stake in Golden Entertainment by 419.9% in the 1st quarter. Trexquant Investment LP now owns 42,198 shares of the company’s stock valued at $1,114,000 after buying an additional 34,081 shares during the last quarter. XTX Topco Ltd acquired a new stake in Golden Entertainment in the 1st quarter valued at $529,000. Finally, Koss Olinger Consulting LLC bought a new stake in Golden Entertainment during the 1st quarter worth about $532,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

About Golden Entertainment

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.