Golden Entertainment (NASDAQ:GDEN) Stock Rating Upgraded by ValuEngine

Golden Entertainment (NASDAQ:GDEN) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other research analysts have also recently issued reports on GDEN. Zacks Investment Research cut Golden Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. BidaskClub upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.50.

Shares of NASDAQ GDEN opened at $13.46 on Tuesday. The company has a debt-to-equity ratio of 7.19, a quick ratio of 0.94 and a current ratio of 0.99. Golden Entertainment has a 52 week low of $3.55 and a 52 week high of $21.67. The stock has a market capitalization of $377.57 million, a P/E ratio of -2.93 and a beta of 2.56. The stock’s fifty day moving average is $11.76 and its 200 day moving average is $9.86.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($2.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.30). Golden Entertainment had a negative return on equity of 39.72% and a negative net margin of 16.69%. The company had revenue of $75.97 million during the quarter, compared to the consensus estimate of $53.18 million. Equities research analysts forecast that Golden Entertainment will post -4.72 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in shares of Golden Entertainment by 2,695.5% during the first quarter. Tower Research Capital LLC TRC now owns 5,619 shares of the company’s stock worth $37,000 after purchasing an additional 5,418 shares during the last quarter. Perennial Investment Advisors LLC bought a new stake in shares of Golden Entertainment during the second quarter worth about $89,000. Trexquant Investment LP bought a new stake in shares of Golden Entertainment during the second quarter worth about $99,000. Two Sigma Investments LP bought a new stake in shares of Golden Entertainment during the first quarter worth about $103,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Golden Entertainment during the first quarter worth about $111,000. Hedge funds and other institutional investors own 47.77% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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