Investment analysts at Telsey Advisory Group started coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a research note issued to investors on Tuesday, The Fly reports. The firm set an “outperform” rating on the stock.
Several other equities research analysts also recently issued reports on GDEN. BidaskClub upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Jefferies Group assumed coverage on Golden Entertainment in a report on Thursday, January 18th. They issued a “buy” rating and a $38.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Golden Entertainment presently has an average rating of “Buy” and a consensus target price of $36.50.
Golden Entertainment (NASDAQ GDEN) traded up $0.52 during mid-day trading on Tuesday, hitting $28.88. The company had a trading volume of 119,271 shares, compared to its average volume of 274,030. 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 stock has a market cap of $748.53, a P/E ratio of 26.25 and a beta of 0.33. Golden Entertainment has a 52-week low of $12.38 and a 52-week high of $34.75.
A number of hedge funds and other institutional investors have recently modified their holdings of GDEN. Nationwide Fund Advisors increased its holdings in Golden Entertainment by 11.8% during the 2nd quarter. Nationwide Fund Advisors now owns 6,360 shares of the company’s stock worth $132,000 after purchasing an additional 671 shares during the period. Northern Trust Corp increased 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 purchasing an additional 7,709 shares during the period. Vanguard Group Inc. increased its holdings in shares of Golden Entertainment by 19.5% in the 2nd quarter. Vanguard Group Inc. now owns 394,913 shares of the company’s stock valued at $8,179,000 after acquiring an additional 64,501 shares during the last quarter. State Street Corp increased its holdings in shares of Golden Entertainment by 8.3% in the 2nd quarter. State Street Corp now owns 188,575 shares of the company’s stock valued at $3,901,000 after acquiring an additional 14,459 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Golden Entertainment by 122.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,735 shares of the company’s stock valued at $202,000 after acquiring an additional 5,368 shares during the last quarter. Institutional investors own 40.57% of the company’s stock.
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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.
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