Golden Entertainment (NASDAQ:GDEN) Sets New 12-Month Low at $30.35

Golden Entertainment, Inc. (NASDAQ:GDEN) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $30.35 and last traded at $30.59, with a volume of 215320 shares. The stock had previously closed at $30.83.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GDEN. JMP Securities cut their target price on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a report on Friday, March 1st. B. Riley assumed coverage on Golden Entertainment in a research report on Friday, April 26th. They set a “buy” rating and a $46.00 price target for the company. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Finally, Truist Financial cut their target price on shares of Golden Entertainment from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd.

Golden Entertainment Trading Down 0.6 %

The company has a debt-to-equity ratio of 1.22, a current ratio of 2.35 and a quick ratio of 2.30. The firm has a market capitalization of $887.32 million, a PE ratio of 3.72 and a beta of 2.26. The company has a fifty day moving average of $34.21 and a 200-day moving average of $36.48.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. The firm had revenue of $230.69 million for the quarter, compared to the consensus estimate of $228.75 million. On average, sell-side analysts anticipate that Golden Entertainment, Inc. will post 1.13 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.26%. Golden Entertainment’s dividend payout ratio is 12.08%.

Institutional Trading of Golden Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Golden Entertainment by 86.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock worth $36,000 after purchasing an additional 487 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Golden Entertainment by 44.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company’s stock worth $171,000 after acquiring an additional 1,549 shares in the last quarter. Inscription Capital LLC acquired a new position in shares of Golden Entertainment during the 1st quarter valued at $226,000. New York State Teachers Retirement System grew its stake in shares of Golden Entertainment by 6.7% in the 1st quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock valued at $231,000 after buying an additional 394 shares during the period. Finally, MGO One Seven LLC raised its position in shares of Golden Entertainment by 13.3% during the third quarter. MGO One Seven LLC now owns 9,897 shares of the company’s stock worth $338,000 after purchasing an additional 1,164 shares during the period. 70.73% of the stock is owned by institutional investors.

Golden Entertainment Company Profile

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.