Golden Entertainment (NASDAQ:GDEN) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday, January 3rd.

Several other brokerages also recently weighed in on GDEN. Macquarie started coverage on shares of Golden Entertainment in a report on Wednesday, October 25th. They set an “outperform” rating and a $35.00 price target on the stock. TheStreet raised shares of Golden Entertainment from a “c” rating to a “b-” rating in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.50.

Shares of Golden Entertainment (NASDAQ:GDEN) traded up $0.47 during midday trading on Wednesday, reaching $30.47. 57,308 shares of the company traded hands, compared to its average volume of 335,753. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.59 and a quick ratio of 1.52. Golden Entertainment has a 12 month low of $10.82 and a 12 month high of $34.75. The company has a market capitalization of $787.63, a price-to-earnings ratio of 33.89 and a beta of 0.32.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.36 earnings per share for the quarter. Golden Entertainment had a net margin of 5.93% and a return on equity of 9.34%. analysts predict that Golden Entertainment will post 0.84 EPS for the current fiscal year.

In other news, Director Lyle Berman sold 750,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $26.64, for a total value of $19,980,000.00. Following the transaction, the director now directly owns 1,642,841 shares in the company, valued at $43,765,284.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,046,494 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $26.64, for a total transaction of $107,798,600.16. The disclosure for this sale can be found here. Insiders have sold 5,750,000 shares of company stock worth $153,180,000 in the last quarter. Company insiders own 52.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Perkins Capital Management Inc. bought a new position in Golden Entertainment during the 4th quarter worth about $257,000. Cornerstone Capital Management Holdings LLC. grew its holdings in Golden Entertainment by 61.0% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 49,886 shares of the company’s stock worth $1,215,000 after acquiring an additional 18,900 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Golden Entertainment by 10.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 20,600 shares of the company’s stock worth $503,000 after acquiring an additional 1,900 shares in the last quarter. EAM Investors LLC grew its holdings in Golden Entertainment by 108.0% during the 3rd quarter. EAM Investors LLC now owns 87,206 shares of the company’s stock worth $2,126,000 after acquiring an additional 45,284 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Golden Entertainment by 8.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 170,500 shares of the company’s stock worth $4,157,000 after acquiring an additional 13,500 shares in the last quarter. Institutional investors own 23.69% of the company’s stock.

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Golden Entertainment Company Profile

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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