Golden Entertainment (GDEN) Price Target Cut to $22.00

Golden Entertainment (NASDAQ:GDEN) had its target price reduced by Deutsche Bank from $38.00 to $22.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target points to a potential upside of 69.23% from the stock’s previous close.

GDEN has been the topic of several other reports. BidaskClub downgraded Golden Entertainment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 6th. Zacks Investment Research upgraded Golden Entertainment from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, Jefferies Financial Group dropped their target price on Golden Entertainment from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Golden Entertainment has a consensus rating of “Hold” and an average target price of $24.67.

Shares of NASDAQ:GDEN opened at $13.00 on Friday. Golden Entertainment has a 12-month low of $13.00 and a 12-month high of $34.45. The firm has a market capitalization of $363.88 million, a PE ratio of 38.24, a P/E/G ratio of 1.68 and a beta of 1.19. The company has a current ratio of 2.50, a quick ratio of 2.41 and a debt-to-equity ratio of 2.69.

A number of hedge funds have recently made changes to their positions in the stock. Nantahala Capital Management LLC grew its stake in Golden Entertainment by 5.0% during the 4th quarter. Nantahala Capital Management LLC now owns 2,527,713 shares of the company’s stock worth $40,494,000 after buying an additional 121,415 shares during the last quarter. BlackRock Inc. grew its stake in Golden Entertainment by 3.5% during the 4th quarter. BlackRock Inc. now owns 1,500,852 shares of the company’s stock worth $24,043,000 after buying an additional 51,426 shares during the last quarter. FMR LLC grew its stake in Golden Entertainment by 4.6% during the 3rd quarter. FMR LLC now owns 940,394 shares of the company’s stock worth $22,580,000 after buying an additional 41,641 shares during the last quarter. Penn Capital Management Co. Inc. grew its stake in Golden Entertainment by 127.4% during the 4th quarter. Penn Capital Management Co. Inc. now owns 873,976 shares of the company’s stock worth $15,041,000 after buying an additional 489,591 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Golden Entertainment by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 793,621 shares of the company’s stock worth $19,055,000 after buying an additional 20,557 shares during the last quarter. Hedge funds and other institutional investors own 65.41% of the company’s stock.

Golden Entertainment Company Profile

Golden Entertainment, Inc, together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as grocery stores, convenience stores, restaurants, bars, taverns, and liquor stores; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area.

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