Truist Financial Cuts Golden Entertainment (NASDAQ:GDEN) Price Target to $44.00

Golden Entertainment (NASDAQ:GDEN) had its target price decreased by Truist Financial from $45.00 to $44.00 in a report released on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. StockNews.com lowered Golden Entertainment from a buy rating to a hold rating in a report on Monday, March 4th. JMP Securities dropped their target price on Golden Entertainment from $48.00 to $45.00 and set a market outperform rating on the stock in a report on Friday, March 1st.

Golden Entertainment Trading Down 2.4 %

Shares of Golden Entertainment stock opened at $32.41 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. Golden Entertainment has a 52 week low of $30.38 and a 52 week high of $47.49. The stock has a 50 day moving average price of $34.93 and a two-hundred day moving average price of $36.57. The stock has a market capitalization of $938.27 million, a PE ratio of 3.91 and a beta of 2.25.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. The firm had revenue of $230.69 million during the quarter, compared to analyst estimates of $228.75 million. As a group, equities analysts anticipate that Golden Entertainment will post 1.21 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Monday, March 18th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.09%. Golden Entertainment’s dividend payout ratio (DPR) is currently 12.08%.

Institutional Trading of Golden Entertainment

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Golden Entertainment by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,556,412 shares of the company’s stock worth $53,198,000 after acquiring an additional 3,988 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Golden Entertainment during the third quarter worth $35,680,000. Gamco Investors INC. ET AL lifted its holdings in Golden Entertainment by 156.8% during the third quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock worth $20,817,000 after acquiring an additional 371,850 shares during the period. William Blair Investment Management LLC lifted its holdings in Golden Entertainment by 3.0% during the third quarter. William Blair Investment Management LLC now owns 454,556 shares of the company’s stock worth $15,537,000 after acquiring an additional 13,358 shares during the period. Finally, Jennison Associates LLC increased its position in Golden Entertainment by 6.5% in the fourth quarter. Jennison Associates LLC now owns 414,810 shares of the company’s stock worth $16,563,000 after buying an additional 25,355 shares during the last quarter. 70.73% of the stock is currently 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.