Golden Entertainment Inc (NASDAQ:GDEN) – Investment analysts at Jefferies Financial Group issued their Q3 2019 earnings estimates for Golden Entertainment in a research note issued on Wednesday, October 16th. Jefferies Financial Group analyst D. Katz forecasts that the company will post earnings per share of ($0.04) for the quarter. Jefferies Financial Group also issued estimates for Golden Entertainment’s Q4 2019 earnings at ($0.01) EPS.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.21). The company had revenue of $248.07 million during the quarter, compared to analyst estimates of $249.18 million. Golden Entertainment had a negative net margin of 5.60% and a negative return on equity of 8.67%.

A number of other brokerages have also weighed in on GDEN. ValuEngine upgraded shares of Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. TheStreet lowered shares of Golden Entertainment from a “c-” rating to a “d” rating in a report on Monday, September 9th. Zacks Investment Research lowered shares of Golden Entertainment from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, BidaskClub upgraded shares of Golden Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.67.

Shares of GDEN opened at $13.06 on Monday. The firm has a market cap of $380.33 million, a PE ratio of -24.64 and a beta of 1.25. The company’s fifty day moving average is $13.55 and its two-hundred day moving average is $14.12. Golden Entertainment has a fifty-two week low of $12.32 and a fifty-two week high of $20.71. The company has a quick ratio of 1.28, a current ratio of 1.35 and a debt-to-equity ratio of 4.18.

In other news, Director Anthony A. Marnell III purchased 5,900 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $12.87 per share, with a total value of $75,933.00. Following the purchase, the director now directly owns 34,579 shares of the company’s stock, valued at approximately $445,031.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony A. Marnell III purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average cost of $13.23 per share, for a total transaction of $132,300.00. Following the purchase, the director now directly owns 34,579 shares in the company, valued at $457,480.17. The disclosure for this purchase can be found here. Insiders own 36.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in GDEN. Citadel Advisors LLC increased its stake in Golden Entertainment by 542.8% during the 2nd quarter. Citadel Advisors LLC now owns 79,708 shares of the company’s stock worth $1,116,000 after buying an additional 97,708 shares during the period. Renaissance Technologies LLC increased its position in shares of Golden Entertainment by 48.1% in the 2nd quarter. Renaissance Technologies LLC now owns 247,700 shares of the company’s stock worth $3,468,000 after purchasing an additional 80,400 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Golden Entertainment by 6.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,059,708 shares of the company’s stock worth $14,836,000 after purchasing an additional 64,214 shares during the last quarter. Teton Advisors Inc. increased its position in shares of Golden Entertainment by 7.1% in the 2nd quarter. Teton Advisors Inc. now owns 634,210 shares of the company’s stock worth $8,879,000 after purchasing an additional 42,000 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Golden Entertainment in the 2nd quarter worth about $416,000. 53.66% of the stock is currently owned by hedge funds and other institutional investors.

Golden Entertainment Company Profile

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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Earnings History and Estimates for Golden Entertainment (NASDAQ:GDEN)

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