Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $36.57 Consensus PT from Analysts

Golden Entertainment, Inc. (NASDAQ:GDEN) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $36.57.

A number of equities analysts have issued reports on the company. B. Riley lowered their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Truist Financial decreased their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. JMP Securities boosted their price target on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a report on Monday, November 25th. Macquarie decreased their price objective 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. Finally, Jefferies Financial Group boosted their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd.

Golden Entertainment Trading Down 0.5 %

GDEN stock opened at $31.15 on Monday. Golden Entertainment has a 52-week low of $27.42 and a 52-week high of $40.55. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The firm has a market cap of $854.41 million, a P/E ratio of 25.12 and a beta of 2.22. The company’s 50-day simple moving average is $32.37 and its 200-day simple moving average is $31.30.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. Golden Entertainment’s payout ratio is presently 80.65%.

Insider Activity at Golden Entertainment

In other news, Director Terrence Wright sold 16,586 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the transaction, the director now directly owns 61,616 shares in the company, valued at $1,926,116.16. The trade was a 21.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 29.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Golden Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. William Blair Investment Management LLC grew its holdings in Golden Entertainment by 132.1% in the 2nd quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock valued at $46,251,000 after buying an additional 846,269 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Golden Entertainment by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after acquiring an additional 24,264 shares during the last quarter. Systematic Financial Management LP increased its position in Golden Entertainment by 24.5% during the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock worth $11,197,000 after purchasing an additional 69,207 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Golden Entertainment by 16.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,709 shares of the company’s stock worth $8,860,000 after purchasing an additional 38,385 shares during the last quarter. Finally, Bernzott Capital Advisors raised its stake in Golden Entertainment by 7.9% during the third quarter. Bernzott Capital Advisors now owns 247,632 shares of the company’s stock worth $7,872,000 after purchasing an additional 18,233 shares during the period. Institutional investors and hedge funds own 70.73% of the company’s stock.

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.