Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) Price Target at $61.25

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $61.25.

A number of brokerages have issued reports on GDEN. B. Riley upped their price objective on Golden Entertainment from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on Golden Entertainment from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 8th. Zacks Investment Research downgraded Golden Entertainment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 8th. TheStreet downgraded Golden Entertainment from a “b-” rating to a “c” rating in a report on Monday, December 6th. Finally, JPMorgan Chase & Co. began coverage on Golden Entertainment in a report on Monday, October 25th. They issued an “overweight” rating and a $60.00 price target on the stock.

Shares of GDEN stock opened at $45.91 on Wednesday. Golden Entertainment has a 1 year low of $16.51 and a 1 year high of $54.86. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.93 and a quick ratio of 1.88. The stock’s 50 day simple moving average is $48.60 and its two-hundred day simple moving average is $47.96. The company has a market cap of $1.33 billion, a PE ratio of 11.89 and a beta of 2.76.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Wednesday, November 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. Golden Entertainment had a return on equity of 49.66% and a net margin of 12.18%. The business had revenue of $282.42 million for the quarter, compared to the consensus estimate of $259.18 million. During the same period in the prior year, the business posted ($0.25) earnings per share. Equities research analysts expect that Golden Entertainment will post 4.64 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GDEN. First Quadrant L P CA purchased a new position in Golden Entertainment during the 3rd quarter worth $38,000. Great West Life Assurance Co. Can purchased a new position in Golden Entertainment during the 2nd quarter worth $41,000. C M Bidwell & Associates Ltd. purchased a new position in Golden Entertainment during the 2nd quarter worth $45,000. New York State Teachers Retirement System purchased a new position in Golden Entertainment during the 3rd quarter worth $69,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Golden Entertainment during the 2nd quarter worth $88,000. Institutional investors own 60.20% of the company’s stock.

About Golden Entertainment

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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