Golden Entertainment (NASDAQ:GDEN) Upgraded by Zacks Investment Research to Strong-Buy

Golden Entertainment stock has undergone multiple analysts rating changes in the recent past.  Golden Entertainment Upgraded by Zacks Investment Research on 10/12/2021. In a note to investors, the firm issued a new rating of Strong-Buy. The analysts previously had rating of Hold.

Shares of Golden Entertainment traded up $0.64 on Tuesday, reaching $50.35. 0 shares of the stock traded hands, compared to its average volume of 236687. Shares of Golden Entertainment were trading at $50.35 on Tuesday. The firm’s 50 day moving average is $47.76 and its 200 day moving average is $36.18.Golden Entertainment has a 12 month low of $49.75 and a 12 month high of $54.86. While on yearly highs and lows, Golden Entertainment’s today has traded high as $51.11 and has touched $49.75 on the downward trend. See More Analyst Rating at: RATING

Golden Entertainment Earnings and What to expect: 

Golden Entertainment last issued its quarterly earnings results on August 5th, 2021. The reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $2.28. The company had revenue of $292.47 million for the quarter, compared to analysts’ expectations of $247.67 million. Golden Entertainment has generated ($3.71) earnings per share over the last year ($2.70 diluted earnings per share) and currently has a price-to-earnings ratio of 18.6. Earnings for Golden Entertainment are expected to decrease by -34.06% in the coming year, from $3.20 to $2.11 per share. Golden Entertainment has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for Golden Entertainment are expected to decrease by -34.06% in the coming year, from $3.20 to $2.11 per share. The P/E ratio of Golden Entertainment is 18.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.74. The P/E ratio of Golden Entertainment is 18.65, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 21.15. Golden Entertainment has a P/B Ratio of 8.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Golden Entertainment (NASDAQ:GDEN) Moving Average Technical Analysis

5 day Moving Average is $50.54 And 5 day price change is $0.33 (0.66%)  with average volume for 5 day average is 247,680. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $48.60 and 20 day price change is $6.84 (15.72%) and average 20 day moving volume is 201,935. 50 day moving average is $47.76  and 50 day price change is $4.28 ( 9.29%)  and with average volume for 50 days is : 244,346. 200 day moving average is $36.18  and 200 day price change is $30.19 (149.75%)  and with average volume for 200 days is : 194,594.

Other owners latest trading in Golden Entertainment :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 100,263 which equates to market value of $4.49M and appx 0.00% owners of Golden Entertainment
  • On 8/23/2021 shares held by Morgan Stanley were 98,210 which equates to market value of $4.40M and appx 0.00% owners of Golden Entertainment
  • On 8/17/2021 shares held by Wells Fargo & Company MN were 24,482 which equates to market value of $1.10M and appx 0.00% owners of Golden Entertainment
  • In total Institutional ownership equates to Institutional Ownership Percentage: 55.59% for Golden Entertainment

See More Analyst Rating at: RATING