Brokerages Set Golden Entertainment, Inc. (NASDAQ:GDEN) Price Target at $36.57

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.57.

Several equities research analysts have recently commented on the stock. JMP Securities reissued a “market outperform” rating and set a $36.00 target price on shares of Golden Entertainment in a research report on Thursday, January 16th. Jefferies Financial Group increased their target price 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. 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 target price on the stock. Macquarie cut their target price 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. Finally, Truist Financial decreased their target price on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd.

Golden Entertainment Price Performance

Golden Entertainment stock opened at $32.74 on Friday. The company has a market capitalization of $898.03 million, a PE ratio of 26.40 and a beta of 2.22. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $32.43 and a two-hundred day moving average price of $31.60. Golden Entertainment has a 12 month low of $27.42 and a 12 month high of $39.92.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. The firm had revenue of $161.23 million during the quarter, compared to the consensus estimate of $162.22 million. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. During the same quarter last year, the firm earned ($0.02) earnings per share. Analysts expect that Golden Entertainment will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, December 20th. Golden Entertainment’s payout ratio is 80.65%.

Insiders Place Their Bets

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the transaction, the director now directly owns 61,616 shares of the company’s stock, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 29.10% of the company’s stock.

Institutional Trading of Golden Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in Golden Entertainment during the third quarter worth $42,000. Quarry LP purchased a new position in Golden Entertainment during the second quarter worth about $52,000. BNP Paribas Financial Markets increased its holdings in shares of Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock worth $143,000 after buying an additional 317 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Golden Entertainment during the 2nd quarter valued at approximately $228,000. Finally, New York State Teachers Retirement System lifted its holdings in Golden Entertainment by 6.4% in the third 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 during the last quarter. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

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.