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Golden Entertainment, Inc. (NASDAQ: GDEN – Get a rating) was the recipient of a sharp drop in short interest in September. Short interest totaled 1,240,000 shares as of Sept. 15, a decrease of 20.5% from 1,560,000 shares on Aug. 31. About 6.4% of the company’s shares were sold short. Based on an average daily volume of 195,200 shares, the current short interest rate is 6.4 days.
Wall Street analysts weigh in
GDEN has been the subject of several recent research reports. B. Riley lowered his price target on Golden Entertainment stock to $70.00 from $75.00 in a report on Tuesday, June 28, with a “buy” rating on the company. JMP Securities began coverage of Golden Entertainment stock in a report on Tuesday, June 28. They have an “Outperform” rating and a $63.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered its price target on Golden Entertainment stock to $51.00 from $57.00 in a report on Wednesday, July 13, with a “buy” rating on the company. at last, Stock News Network In a report on Monday, Aug. 15, Golden Entertainment’s stock rating was upgraded from a “hold” rating to a “buy” rating. Seven investment analysts have buy ratings on the stock, with a consensus rating of “buy” and an average price target of $63.33, according to MarketBeat.
Golden Entertainment shares fell 1.0%
of shares geoelectricity It was down 36 cents at $34.89 on Friday. Volume for the stock was 343,682 shares versus its average volume of 185,456 shares. The company has a market cap of $994.37 million, a price-to-earnings ratio of 10.60, and a beta of 2.51. The company’s gearing ratio is 2.84, its quick ratio is 1.85, and its current ratio is 1.91. The business has a 50-day simple moving average of $39.95 and a 200-day simple moving average of $44.69. Golden Entertainment had a one-year low of $32.53 and a one-year high of $59.96.
Golden Entertainment (NASDAQ: GDEN – Get a rating) last reported quarterly earnings results on Thursday, August 4th. The company reported earnings per share of $0.70 for the quarter, missing consensus estimates of $0.90 ($0.20). Golden Entertainment’s net profit margin was 9.35% and return on equity was 32.87%. The company’s revenue for the quarter was $289.37 million, compared with the consensus estimate of $287.81 million. As a group, stock analysts forecast Golden Entertainment to trade at 3.27 times earnings per share for the current fiscal year.
What Institutional Investors Say About Golden Entertainment
Some large investors have recently increased or reduced their stakes in GDEN. The Canada Pension Plan Investment Board’s holdings in Golden Entertainment rose 15.7% in the fourth quarter. After purchasing an additional 49,000 shares during this period, the Canada Pension Plan Investment Board now owns 362,000 shares of the company’s stock, valued at $18,292,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased new shares in Golden Entertainment in the fourth quarter, valued at approximately $2,778,000. CastleKnight Management LP acquired a new stake in Golden Entertainment in the fourth quarter, valued at approximately $1,708,000. Capital Research Global Investors’ holdings in Golden Entertainment rose 20.8% in the fourth quarter. After purchasing an additional 279,692 shares during this period, Capital Research Global Investors now owns 1,625,000 shares of the company’s stock, valued at $82,111,000. Finally, the Maryland Retirement and Pension System purchased a new stake in Golden Entertainment for $475,000 in the first quarter. Institutional investors hold 72.03% of the company.
About Golden Entertainment
Golden Entertainment, Inc and its subsidiaries own and operate diversified entertainment platforms in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Local Casinos, Maryland Casino Resorts, and Distributed Gaming. The Nevada Casino Resort segment includes destination casino resort properties, including a variety of food and beverage outlets, entertainment venues and other amenities.
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