Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) Price Target at $37.60

Golden Entertainment, Inc. (NASDAQ:GDEN) has received a consensus rating of “Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $37.20.

A number of analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Macquarie decreased their price objective on shares of Golden Entertainment from $41.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. B. Riley cut their target price on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, JMP Securities cut their target price on shares of Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Monday, October 14th.

Golden Entertainment Price Performance

GDEN stock opened at $30.94 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.72. Golden Entertainment has a 12-month low of $27.42 and a 12-month high of $42.14. The company has a market cap of $895.68 million, a price-to-earnings ratio of 3.34 and a beta of 2.23. The firm has a 50 day moving average of $31.25 and a 200-day moving average of $30.88.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. The business had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. As a group, equities analysts expect that Golden Entertainment will post 0.14 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Tuesday, September 17th. Golden Entertainment’s dividend payout ratio (DPR) is presently 10.79%.

Insider Transactions at Golden Entertainment

In other news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the transaction, the director now directly owns 82,740 shares of the company’s stock, valued at $2,756,896.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Golden Entertainment

Several hedge funds have recently bought and sold shares of GDEN. New York State Teachers Retirement System increased its stake in shares of Golden Entertainment by 6.4% in the 3rd quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock valued at $262,000 after acquiring an additional 494 shares in the last quarter. Bernzott Capital Advisors lifted its holdings in Golden Entertainment by 7.9% during the third quarter. Bernzott Capital Advisors now owns 247,632 shares of the company’s stock valued at $7,872,000 after purchasing an additional 18,233 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Golden Entertainment by 11.7% during the third quarter. Exchange Traded Concepts LLC now owns 30,123 shares of the company’s stock valued at $958,000 after purchasing an additional 3,160 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Golden Entertainment by 45.1% during the third quarter. SG Americas Securities LLC now owns 12,251 shares of the company’s stock valued at $389,000 after buying an additional 3,805 shares during the period. Finally, Quarry LP bought a new position in shares of Golden Entertainment in the second quarter worth approximately $52,000. 70.73% of the stock is owned by institutional investors.

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.