Golden Entertainment (NASDAQ:GDEN) PT Lowered to $36.00

Golden Entertainment (NASDAQ:GDEN) had its price objective decreased by investment analysts at Truist Financial from $38.00 to $36.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 19.44% from the company’s previous close.

Several other research analysts also recently issued reports on GDEN. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. JMP Securities lowered their price target on Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating for the company in a research report on Monday, October 14th. B. Riley lowered their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, Macquarie lowered their price objective on Golden Entertainment from $41.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Golden Entertainment has an average rating of “Moderate Buy” and an average price target of $37.20.

Golden Entertainment Stock Down 0.9 %

GDEN traded down $0.27 during trading on Wednesday, reaching $30.14. The company had a trading volume of 9,160 shares, compared to its average volume of 209,914. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.73. Golden Entertainment has a 12 month low of $27.42 and a 12 month high of $42.14. The business’s fifty day moving average price is $31.22 and its 200 day moving average price is $31.02. The company has a market cap of $872.52 million, a P/E ratio of 3.26 and a beta of 2.23.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The company had revenue of $167.33 million for the quarter, compared to the consensus estimate of $176.34 million. Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. Equities analysts anticipate that Golden Entertainment will post 0.18 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the sale, the director now directly owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 29.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GDEN. William Blair Investment Management LLC raised its stake in Golden Entertainment by 132.1% during 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 purchasing an additional 846,269 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Golden Entertainment by 2,745.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock valued at $5,698,000 after acquiring an additional 176,720 shares during the period. Jennison Associates LLC raised its position in Golden Entertainment by 31.4% during the 1st quarter. Jennison Associates LLC now owns 545,014 shares of the company’s stock valued at $20,073,000 after purchasing an additional 130,204 shares in the last quarter. Systematic Financial Management LP raised its position in Golden Entertainment by 78.2% during the 2nd quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock valued at $8,805,000 after purchasing an additional 124,218 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Golden Entertainment by 100.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company’s stock valued at $5,089,000 after purchasing an additional 82,175 shares in the last quarter. Institutional investors 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.