Golden Entertainment, Inc. (NASDAQ:GDEN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Golden Entertainment, Inc. (NASDAQ:GDEN) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $36.86.

A number of research firms recently weighed in on GDEN. Jefferies Financial Group upped their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. JMP Securities reissued a “market outperform” rating and issued a $36.00 price target on shares of Golden Entertainment in a research report on Thursday, January 16th. Macquarie restated an “outperform” rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price for the company.

Institutional Trading of Golden Entertainment

Large investors have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. bought a new position in shares of Golden Entertainment during the 4th quarter valued at approximately $17,704,000. DAVENPORT & Co LLC grew its holdings in Golden Entertainment by 26.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock valued at $40,864,000 after purchasing an additional 271,782 shares during the period. Millennium Management LLC grew its holdings in Golden Entertainment by 885.9% during the fourth quarter. Millennium Management LLC now owns 171,302 shares of the company’s stock valued at $5,413,000 after purchasing an additional 153,927 shares during the period. Russell Investments Group Ltd. increased its position in Golden Entertainment by 61.8% in the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company’s stock worth $6,005,000 after buying an additional 72,588 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Golden Entertainment by 24.5% in the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after buying an additional 69,207 shares during the period. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Stock Performance

Shares of GDEN stock opened at $26.52 on Friday. Golden Entertainment has a 12 month low of $25.17 and a 12 month high of $36.92. The firm has a market capitalization of $703.07 million, a PE ratio of 21.39 and a beta of 2.29. The firm has a fifty day simple moving average of $30.78 and a two-hundred day simple moving average of $31.42. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Golden Entertainment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, March 21st. Golden Entertainment’s dividend payout ratio (DPR) is currently 59.88%.

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.