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

Golden Entertainment, Inc. (NASDAQ:GDEN) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $36.57.

Several brokerages recently commented on GDEN. JMP Securities boosted their price target on Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company began coverage on Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 price target for the company. Macquarie lowered their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Truist Financial lowered their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group boosted their price target on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, January 3rd.

Golden Entertainment Trading Down 0.5 %

NASDAQ:GDEN opened at $31.15 on Monday. The stock has a market cap of $854.41 million, a PE ratio of 25.12 and a beta of 2.22. The stock’s 50-day moving average is $32.37 and its two-hundred day moving average is $31.28. Golden Entertainment has a fifty-two week low of $27.42 and a fifty-two week high of $40.55. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders 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 currently 80.65%.

Insiders Place Their Bets

In other news, Director Terrence Wright sold 16,586 shares of the company’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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 29.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. 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 purchasing an additional 69,207 shares in the last quarter. Barclays PLC raised its stake in shares of Golden Entertainment by 84.7% in the third quarter. Barclays PLC now owns 48,918 shares of the company’s stock valued at $1,556,000 after purchasing an additional 22,440 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Golden Entertainment by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after purchasing an additional 317 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Golden Entertainment by 4.3% in the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after purchasing an additional 24,264 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Golden Entertainment in the second quarter valued at $1,180,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

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.