Golden Entertainment (GDEN) PT Lowered to $22.00 at Deutsche Bank

Golden Entertainment (NASDAQ:GDEN) had its target price dropped by stock analysts at Deutsche Bank from $38.00 to $22.00 in a research note issued on Friday, The Fly reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 69.23% from the stock’s previous close.

Several other brokerages also recently weighed in on GDEN. Zacks Investment Research upgraded shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, January 4th. BidaskClub upgraded shares of Golden Entertainment from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 20th. Finally, Jefferies Financial Group lowered their target price on shares of Golden Entertainment from $39.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.67.

NASDAQ GDEN opened at $13.00 on Friday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.41 and a current ratio of 2.50. Golden Entertainment has a 52-week low of $13.00 and a 52-week high of $34.45. The company has a market cap of $363.88 million, a PE ratio of 38.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19.



A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nantahala Capital Management LLC boosted its stake in Golden Entertainment by 5.0% in the fourth quarter. Nantahala Capital Management LLC now owns 2,527,713 shares of the company’s stock valued at $40,494,000 after acquiring an additional 121,415 shares in the last quarter. BlackRock Inc. boosted its stake in Golden Entertainment by 3.5% in the fourth quarter. BlackRock Inc. now owns 1,500,852 shares of the company’s stock valued at $24,043,000 after acquiring an additional 51,426 shares in the last quarter. FMR LLC boosted its stake in Golden Entertainment by 4.6% in the third quarter. FMR LLC now owns 940,394 shares of the company’s stock valued at $22,580,000 after acquiring an additional 41,641 shares in the last quarter. Penn Capital Management Co. Inc. boosted its stake in Golden Entertainment by 127.4% in the fourth quarter. Penn Capital Management Co. Inc. now owns 873,976 shares of the company’s stock valued at $15,041,000 after acquiring an additional 489,591 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Golden Entertainment by 2.7% in the third quarter. Vanguard Group Inc. now owns 793,621 shares of the company’s stock valued at $19,055,000 after acquiring an additional 20,557 shares in the last quarter. Institutional investors own 65.41% of the company’s stock.

About Golden Entertainment

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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