Golden Entertainment Inc (NASDAQ:GDEN)’s share price reached a new 52-week low during trading on Friday after Deutsche Bank lowered their price target on the stock from $38.00 to $22.00. Deutsche Bank currently has an average rating on the stock. Golden Entertainment traded as low as $13.12 and last traded at $13.81, with a volume of 25058 shares. The stock had previously closed at $16.45.

A number of other equities analysts have also commented on the company. BidaskClub upgraded Golden Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Zacks Investment Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, January 4th. Finally, Jefferies Financial Group reduced their target price on Golden Entertainment from $39.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, November 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.67.

Hedge funds have recently modified their holdings of the business. Nantahala Capital Management LLC lifted its position in shares of Golden Entertainment by 5.0% in the 4th quarter. Nantahala Capital Management LLC now owns 2,527,713 shares of the company’s stock worth $40,494,000 after purchasing an additional 121,415 shares during the period. BlackRock Inc. grew its stake in shares of 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 purchasing an additional 51,426 shares during the period. FMR LLC grew its stake in shares of 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 purchasing an additional 41,641 shares during the period. Penn Capital Management Co. Inc. grew its stake in shares of 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 purchasing an additional 489,591 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 20,557 shares during the period. 65.41% of the stock is owned by institutional investors and hedge funds.

The company has a market capitalization of $490.97 million, a P/E ratio of 40.79, a P/E/G ratio of 1.68 and a beta of 1.19. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.41 and a current ratio of 2.50.

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Golden Entertainment Company Profile (NASDAQ:GDEN)

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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