Golden Entertainment (NASDAQ:GDEN) Stock Rating Lowered by StockNews.com

Golden Entertainment (NASDAQ:GDEN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a research report on Monday. They set an “overweight” rating and a $38.00 target price for the company. B. Riley lowered their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Truist Financial decreased their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. JMP Securities lifted their target price on shares of Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a report on Monday, November 25th. Finally, Macquarie lowered their price target on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Golden Entertainment has an average rating of “Moderate Buy” and a consensus target price of $37.33.

Golden Entertainment Price Performance

Shares of NASDAQ GDEN opened at $31.08 on Tuesday. Golden Entertainment has a 52 week low of $27.42 and a 52 week high of $41.98. The business’s 50 day moving average price is $31.96 and its 200 day moving average price is $31.14. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The firm has a market cap of $852.49 million, a P/E ratio of 25.06 and a beta of 2.22.

Institutional Trading of Golden Entertainment

Several large investors have recently bought and sold shares of the business. William Blair Investment Management LLC boosted its holdings in shares of Golden Entertainment by 132.1% during the 2nd quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock worth $46,251,000 after purchasing an additional 846,269 shares during the last quarter. Geode Capital Management LLC lifted its position in Golden Entertainment by 4.3% during the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock worth $18,664,000 after buying an additional 24,264 shares in the last quarter. Systematic Financial Management LP boosted its stake in Golden Entertainment by 24.5% during the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock worth $11,197,000 after buying an additional 69,207 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Golden Entertainment by 16.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company’s stock valued at $8,860,000 after buying an additional 38,385 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its stake in shares of Golden Entertainment by 43.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock worth $7,743,000 after acquiring an additional 74,867 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

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.