Golden Entertainment (NASDAQ:GDEN) PT Lowered to $40.00 at Truist Financial

Golden Entertainment (NASDAQ:GDEN) had its price target decreased by Truist Financial from $43.00 to $40.00 in a report released on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. JMP Securities decreased their price objective on shares of Golden Entertainment from $42.00 to $39.00 and set a market outperform rating for the company in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Golden Entertainment from $42.00 to $36.00 and set a buy rating for the company in a report on Thursday, May 9th. StockNews.com lowered shares of Golden Entertainment from a buy rating to a hold rating in a research note on Tuesday, July 16th. Finally, B. Riley began coverage on Golden Entertainment in a research note on Friday, April 26th. They issued a buy rating and a $46.00 target price for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $40.25.

Golden Entertainment Stock Performance

Shares of GDEN stock opened at $30.44 on Thursday. The stock has a market capitalization of $881.24 million, a price-to-earnings ratio of 3.28 and a beta of 2.23. Golden Entertainment has a one year low of $28.20 and a one year high of $47.49. The company’s 50-day simple moving average is $29.96 and its 200-day simple moving average is $33.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.33 and a current ratio of 2.36.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.50). Golden Entertainment had a net margin of 30.14% and a return on equity of 1.13%. The firm had revenue of $174.05 million for the quarter, compared to analyst estimates of $168.72 million. Equities analysts anticipate that Golden Entertainment will post 0.5 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, June 14th. Golden Entertainment’s dividend payout ratio (DPR) is 10.79%.

Institutional Investors Weigh In On Golden Entertainment

A number of hedge funds have recently made changes to their positions in GDEN. Price T Rowe Associates Inc. MD acquired a new stake in Golden Entertainment in the 1st quarter valued at approximately $214,000. Inscription Capital LLC acquired a new position in Golden Entertainment during the 1st quarter worth $226,000. New York State Teachers Retirement System grew its stake in shares of Golden Entertainment by 6.7% in the first quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock worth $231,000 after purchasing an additional 394 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Golden Entertainment by 25.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 7,254 shares of the company’s stock valued at $267,000 after purchasing an additional 1,480 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Golden Entertainment during the second quarter valued at about $263,000. Institutional investors own 70.73% of the company’s stock.

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.