Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) saw a significant drop in short interest rates in September. As of Sept. 15, there were a total of 1.24 million shares shorted, down 20.5% from the Aug. 31 total of 1.56 million shares. About 6.4% of the company’s shares have been sold short. Based on an average daily turnover of 195,200 shares, the current short-term interest rate is 6.4 days.
Wall Street analyst opinion
GDEN has been the subject of several recent research reports. B. Reilly lowered his price target on Golden Entertainment’s stock from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, June 28. JMP Securities began covering Golden Entertainment shares in a report on Tuesday, June 28. They set an “Outperform” rating and a firm price target of $63.00. Deutsche Bank Aktiengesellschaft lowered its target price on Golden Entertainment shares from $57.00 to $51.00 and set the company’s rating to ‘buy’ in a report on Wednesday, July 13. Finally, StockNews.com upgraded Golden Entertainment’s stock from a “hold” rating to a “buy” rating in his Monday, Aug. 15 report. MarketBeat data shows that seven investment analysts rate the stock as Buy, with the company’s consensus rating as Buy and an average target price of $63.33.
Golden Entertainment shares drop 1.0%
GDEN shares fell $0.36 on Friday to $34.89. 343,682 shares were hand traded compared to an average turnover of 185,456 shares. The company has a market capitalization of $994.37 million, a PE ratio of 10.60 and a beta of 2.51. The company has an equity ratio of 2.84, a quick ratio of 1.85 and a current ratio of 1.91. His 50-day simple moving average for this business is $39.95 and his 200-day simple moving average is $44.69. His 1-year low on Golden Entertainment is $32.53 and his 1-year high is $59.96.
Golden Entertainment (NASDAQ:GDEN – Get Rating) announced its final quarterly results on Thursday, August 4th. The company reported earnings of $0.70 per share for the quarter, missing consensus expectations of $0.90 ($0.20). Golden Entertainment posted a net profit margin of 9.35% and a return on equity of 32.87%. The company posted revenue of $289.37 million for the quarter, compared to consensus expectations of $287.81 million. As a group, equity analysts expect Golden Entertainment to post earnings per share of 3.27 for the current financial year.
Institutional investors focus on Golden Entertainment
Recently, many large investors have increased or decreased their stakes in GDEN. The Canada Pension Plan Investment Board increased his position in Golden Entertainment by 15.7% in the fourth quarter. The Canada Pension Plan Investment Board now owns 362,000 shares of the company, valued at $18,292,000, after purchasing an additional 49,000 shares during this period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased new shares in Golden Entertainment for approximately $2,778,000 in the fourth quarter. CastleKnight Management LP purchased new shares of Golden Entertainment in the fourth quarter for approximately $1,708,000. Capital Research Global Investors increased its position in Golden Entertainment by 20.8% in the fourth quarter. Capital Research Global Investors now owns 1,625,000 shares worth $82,111,000 after purchasing an additional 279,692 shares during this period. Finally, the Maryland Retirement Plan purchased new shares in Golden Entertainment for the equivalent of $475,000 in the first quarter. Institutional investors own 72.03% of the company’s shares.
Golden Entertainment Company Profile
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Golden Entertainment, Inc., along with its subsidiaries, owns and operates a variety of entertainment platforms in the United States. The company operates through his four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resorts, and Distributed Gaming. The Nevada Casino Resorts segment consists of destination casino resort properties that include a variety of dining, entertainment and other amenities.
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