Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Average Recommendation of “Buy” from Analysts

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have received an average recommendation of “Buy” from the five research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $37.00.

Several brokerages have recently issued reports on GDEN. B. Riley reduced their price objective 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. JMP Securities decreased their price target on shares of Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Monday, October 14th. Truist Financial cut their price objective on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Macquarie decreased their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th.

Insider Buying and Selling

In other news, Director Mark A. Lipparelli sold 773 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the sale, the director now directly owns 82,740 shares of the company’s stock, valued at $2,756,896.80. The trade was a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 29.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Golden Entertainment

A number of institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at about $34,000. nVerses Capital LLC acquired a new position in Golden Entertainment during the second quarter valued at approximately $37,000. Meeder Asset Management Inc. acquired a new position in Golden Entertainment during the third quarter valued at approximately $42,000. Quarry LP acquired a new stake in shares of Golden Entertainment in the second quarter worth $52,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Golden Entertainment in the second quarter worth $54,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Trading Up 0.6 %

Shares of Golden Entertainment stock opened at $33.88 on Friday. Golden Entertainment has a 1 year low of $27.42 and a 1 year high of $42.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The business has a 50 day moving average price of $31.33 and a 200 day moving average price of $30.75. The company has a market capitalization of $929.33 million, a P/E ratio of 27.32 and a beta of 2.24.

Golden Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 2.95%. Golden Entertainment’s payout ratio is 80.65%.

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.