Golden Entertainment (NASDAQ:GDEN) Given New $36.00 Price Target at JMP Securities

Golden Entertainment (NASDAQ:GDEN) had its target price raised by JMP Securities from $35.00 to $36.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other research firms have also commented on GDEN. Macquarie reduced their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Truist Financial reduced their target price on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, B. Riley reduced their target price on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.20.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN opened at $34.00 on Monday. The company’s fifty day moving average price is $31.33 and its 200-day moving average price is $30.75. The firm has a market capitalization of $932.62 million, a price-to-earnings ratio of 27.42 and a beta of 2.24. Golden Entertainment has a one year low of $27.42 and a one year high of $42.14. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 2.94%. Golden Entertainment’s payout ratio is currently 80.65%.

Insider Buying and Selling at Golden Entertainment

In other news, Director Mark A. Lipparelli sold 773 shares of the firm’s 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 completion of the sale, the director now directly owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 29.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Golden Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in shares of Golden Entertainment in the 2nd quarter worth about $34,000. nVerses Capital LLC purchased a new stake in shares of Golden Entertainment in the 2nd quarter worth about $37,000. Meeder Asset Management Inc. purchased a new stake in shares of Golden Entertainment in the 3rd quarter worth about $42,000. Quarry LP purchased a new stake in shares of Golden Entertainment in the 2nd quarter worth about $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Golden Entertainment in the 2nd quarter worth about $54,000. 70.73% of the stock is owned by hedge funds and other 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.