Golden Entertainment (GDEN) Expected to Announce Earnings on Thursday

Golden Entertainment (NASDAQ:GDEN) is projected to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Golden Entertainment to post earnings of $0.23 per share and revenue of $168.28 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Golden Entertainment Trading Down 2.7 %

Shares of Golden Entertainment stock opened at $31.57 on Tuesday. The firm’s 50 day simple moving average is $32.29 and its two-hundred day simple moving average is $31.88. The firm has a market capitalization of $865.93 million, a price-to-earnings 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. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the transaction, the director now directly owns 61,616 shares of the company’s stock, valued at $1,926,116.16. The trade was a 21.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 29.10% of the company’s stock.

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.