Golden Entertainment (GDEN) to Release Quarterly Earnings on Thursday

Golden Entertainment (NASDAQ:GDEN) is expected to be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $168.28 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Golden Entertainment Stock Performance

Shares of Golden Entertainment stock opened at $31.57 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock’s fifty day moving average price is $32.29 and its 200-day moving average price is $31.88. The firm has a market cap of $865.93 million, a P/E ratio of 25.46 and a beta of 2.21. Golden Entertainment has a 12 month low of $27.42 and a 12 month high of $37.30.

Insider Buying and Selling at Golden Entertainment

In other news, Director Terrence Wright sold 16,586 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the sale, the director now owns 61,616 shares in the company, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 29.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GDEN shares. Jefferies Financial Group raised their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and set a $36.00 price objective on shares of Golden Entertainment in a report on Thursday, January 16th. Macquarie reduced their price objective on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company began coverage on Golden Entertainment in a report on Monday, December 16th. They issued an “overweight” rating and a $38.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Golden Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $36.57.

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.