Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) PT at $36.57

Golden Entertainment, Inc. (NASDAQ:GDEN) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $36.86.

A number of research analysts have commented on GDEN shares. Wells Fargo & Company started coverage on Golden Entertainment in a research report on Monday, December 16th. They set an “overweight” rating and a $38.00 price target for the company. Macquarie reaffirmed an “outperform” rating and set a $40.00 price target on shares of Golden Entertainment in a research report on Friday. Jefferies Financial Group upped their price target on 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 reissued a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a research report on Thursday, January 16th. Finally, StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Friday.

Insider Activity at Golden Entertainment

In related news, Director Terrence Wright sold 16,586 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the transaction, the director now owns 61,616 shares of the company’s stock, valued at $1,926,116.16. This trade represents a 21.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after buying an additional 317 shares in the last quarter. HighTower Advisors LLC increased its position in Golden Entertainment by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 17,580 shares of the company’s stock valued at $557,000 after buying an additional 333 shares in the last quarter. Beacon Investment Advisors LLC increased its position in Golden Entertainment by 0.8% during the 4th quarter. Beacon Investment Advisors LLC now owns 44,559 shares of the company’s stock valued at $1,408,000 after buying an additional 333 shares in the last quarter. Empowered Funds LLC boosted its stake in Golden Entertainment by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock valued at $268,000 after purchasing an additional 402 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Golden Entertainment by 6.4% during the 3rd quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock valued at $262,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Trading Down 0.8 %

GDEN opened at $30.84 on Tuesday. The business has a 50 day simple moving average of $32.24 and a two-hundred day simple moving average of $31.93. The firm has a market capitalization of $845.91 million, a price-to-earnings ratio of 24.87 and a beta of 2.21. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. Golden Entertainment has a one year low of $27.42 and a one year high of $36.92.

Golden Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Friday, March 21st. Golden Entertainment’s dividend payout ratio (DPR) is presently 59.88%.

Golden Entertainment Company Profile

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.