Golden Entertainment (GDEN) Earns Buy Rating from Analysts at Jefferies Group

Analysts at Jefferies Group started coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a research note issued on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other research analysts have also issued reports on the company. Macquarie assumed coverage on Golden Entertainment in a report on Wednesday, October 25th. They issued an “outperform” rating and a $35.00 target price for the company. TheStreet upgraded Golden Entertainment from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Finally, BidaskClub lowered Golden Entertainment from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.00.

Shares of Golden Entertainment (NASDAQ GDEN) traded down $2.89 during midday trading on Thursday, hitting $28.81. The stock had a trading volume of 310,400 shares, compared to its average volume of 93,818. Golden Entertainment has a twelve month low of $10.60 and a twelve month high of $34.75. 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 $835.98, a PE ratio of 26.19 and a beta of 0.32.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.36 earnings per share for the quarter. Golden Entertainment had a return on equity of 9.34% and a net margin of 5.93%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. lifted its holdings in Golden Entertainment by 60.7% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 30,986 shares of the company’s stock worth $641,000 after buying an additional 11,700 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Golden Entertainment by 19.5% during the 2nd quarter. Vanguard Group Inc. now owns 394,913 shares of the company’s stock worth $8,179,000 after buying an additional 64,501 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Golden Entertainment by 8.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 170,500 shares of the company’s stock worth $4,157,000 after buying an additional 13,500 shares during the last quarter. Mycio Wealth Partners LLC purchased a new stake in Golden Entertainment during the 3rd quarter worth about $317,000. Finally, Northern Trust Corp lifted its holdings in Golden Entertainment by 6.6% during the 2nd quarter. Northern Trust Corp now owns 125,019 shares of the company’s stock worth $2,589,000 after buying an additional 7,709 shares during the last quarter. 23.73% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3144496/golden-entertainment-gden-earns-buy-rating-from-analysts-at-jefferies-group.html.

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.

The Fly

Receive News & Ratings for Golden Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.