Golden Entertainment (NASDAQ:GDEN) Sets New 52-Week Low at $27.79

Golden Entertainment, Inc. (NASDAQ:GDEN) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $27.79 and last traded at $27.95, with a volume of 7471 shares. The stock had previously closed at $29.59.

Analyst Upgrades and Downgrades

GDEN has been the subject of a number of research reports. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Truist Financial dropped their target price on Golden Entertainment from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 18th. B. Riley began coverage on Golden Entertainment in a report on Friday, April 26th. They set a “buy” rating and a $46.00 target price for the company. JMP Securities dropped their target price on Golden Entertainment from $42.00 to $39.00 and set a “market outperform” rating for the company in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Golden Entertainment from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Golden Entertainment Trading Down 4.0 %

The company has a current ratio of 2.36, a quick ratio of 2.33 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $30.24 and a two-hundred day simple moving average of $33.30. The firm has a market cap of $822.76 million, a PE ratio of 3.19 and a beta of 2.23.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.50). Golden Entertainment had a return on equity of 1.13% and a net margin of 30.14%. The business had revenue of $174.05 million during the quarter, compared to analysts’ expectations of $168.72 million. Equities analysts forecast that Golden Entertainment, Inc. will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of Golden Entertainment in the 2nd quarter worth approximately $34,000. nVerses Capital LLC bought a new position in shares of Golden Entertainment in the 2nd quarter worth approximately $37,000. Allspring Global Investments Holdings LLC bought a new position in shares of Golden Entertainment in the 2nd quarter worth approximately $54,000. Price T Rowe Associates Inc. MD bought a new position in shares of Golden Entertainment in the 1st quarter worth approximately $214,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Golden Entertainment by 17.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,904 shares of the company’s stock worth $184,000 after acquiring an additional 892 shares in the last quarter. Institutional investors own 70.73% of the company’s stock.

About Golden Entertainment

Golden Entertainment, Inc owns and operates a diversified entertainment platform in the United States. The company operates through four segments; Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. It also operates casino, casino resorts, and taverns; and slot machines in third party non-casino locations.