Golden Entertainment (GDEN) Expected to Announce Quarterly Earnings on Thursday

Golden Entertainment (NASDAQ:GDEN - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $168.28 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Golden Entertainment Price Performance

GDEN traded down $0.85 on Friday, reaching $32.61. The company had a trading volume of 82,295 shares, compared to its average volume of 138,579. The company has a fifty day moving average of $32.34 and a 200-day moving average of $31.76. The company has a market capitalization of $894.38 million, a P/E ratio of 26.29 and a beta of 2.21. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. Golden Entertainment has a one year low of $27.42 and a one year high of $37.30.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GDEN shares. StockNews.com upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Thursday. Macquarie reduced their price objective on shares of Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Jefferies Financial Group raised their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research report on Friday, January 3rd. JMP Securities restated a "market outperform" rating and set a $36.00 price objective on shares of Golden Entertainment in a research report on Thursday, January 16th. Finally, Wells Fargo & Company started coverage on shares of Golden Entertainment in a research report on Monday, December 16th. They set an "overweight" rating and a $38.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.57.

Insider Buying and Selling at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which is available through this hyperlink. 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.