News coverage about Golden Entertainment (NASDAQ:GDEN) has trended somewhat positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Golden Entertainment earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 48.0381576260236 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- International Game Technology (IGT) versus Golden Entertainment (GDEN) Head to Head Contrast (americanbankingnews.com)
- Golden Entertainment (GDEN) versus Six Flags (SIX) Critical Contrast (americanbankingnews.com)
- Financial Analysis: Golden Entertainment (GDEN) and SeaWorld Parks & Entertainment (SEAS) (americanbankingnews.com)
- Golden Entertainment (GDEN) Raised to “Hold” at BidaskClub (americanbankingnews.com)
- Weakness Seen in Golden Entertainment (GDEN) Estimates: Should You Stay Away? (finance.yahoo.com)
A number of equities research analysts have recently weighed in on GDEN shares. Jefferies Group assumed coverage on shares of Golden Entertainment in a research note on Thursday, January 18th. They issued a “buy” rating and a $38.00 price target on the stock. BidaskClub downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Telsey Advisory Group assumed coverage on shares of Golden Entertainment in a research report on Tuesday, March 13th. They set an “outperform” rating and a $32.00 target price on the stock. TheStreet downgraded shares of Golden Entertainment from a “b” rating to a “c+” rating in a research report on Thursday, March 15th. Finally, Zacks Investment Research downgraded shares of Golden Entertainment from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $35.00.
Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, March 15th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.50). Golden Entertainment had a return on equity of 1.86% and a net margin of 0.43%. The business had revenue of $184.35 million for the quarter, compared to analyst estimates of $174.80 million. equities research analysts expect that Golden Entertainment will post 1.45 EPS for the current year.
In related news, Chairman Blake L. Sartini sold 953,506 shares of Golden Entertainment stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $26.64, for a total transaction of $25,401,399.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lyle Berman sold 750,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $26.64, for a total transaction of $19,980,000.00. Following the transaction, the director now owns 1,642,841 shares of the company’s stock, valued at approximately $43,765,284.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,750,000 shares of company stock worth $153,180,000. 52.00% of the stock is owned by corporate insiders.
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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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