Golden Entertainment (GDEN) to Release Earnings on Thursday

Golden Entertainment (NASDAQ:GDEN) is expected to be releasing its earnings data 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Golden Entertainment Trading Up 0.2 %

Shares of GDEN stock opened at $33.55 on Thursday. Golden Entertainment has a 12-month low of $27.42 and a 12-month high of $37.41. 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 50-day moving average price is $32.33 and its 200-day moving average price is $31.75. The stock has a market capitalization of $920.24 million, a price-to-earnings ratio of 27.06 and a beta of 2.21.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial reduced their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Macquarie reduced their target price on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a report on Thursday, January 16th. Finally, Jefferies Financial Group boosted their price objective on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Golden Entertainment has a consensus rating of “Moderate Buy” and an average price target of $36.57.

Insider Activity

In other news, Director Terrence Wright sold 16,586 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 61,616 shares of the company’s stock, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.