Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $37.20 Consensus Target Price from Brokerages

Golden Entertainment, Inc. (NASDAQ:GDEN) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $37.33.

Several equities research analysts recently commented on GDEN shares. Macquarie decreased their target price 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 reduced their price objective 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. JMP Securities raised their price objective 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. B. Riley reduced their price objective on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday.

Institutional Trading of Golden Entertainment

A number of hedge funds have recently bought and sold shares of GDEN. Price T Rowe Associates Inc. MD bought a new stake in Golden Entertainment during the first quarter worth $214,000. SG Americas Securities LLC bought a new stake in Golden Entertainment during the second quarter worth $263,000. Assenagon Asset Management S.A. lifted its holdings in Golden Entertainment by 2,745.8% during the second quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock worth $5,698,000 after acquiring an additional 176,720 shares during the period. SummerHaven Investment Management LLC increased its position in Golden Entertainment by 3.0% in the second quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company’s stock worth $564,000 after buying an additional 524 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Golden Entertainment by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 194,693 shares of the company’s stock worth $6,057,000 after buying an additional 4,761 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Trading Down 6.0 %

NASDAQ GDEN opened at $31.08 on Thursday. The business has a 50 day simple moving average of $31.99 and a 200 day simple moving average of $31.14. Golden Entertainment has a one year low of $27.42 and a one year high of $41.98. The stock has a market capitalization of $852.49 million, a P/E ratio of 25.06 and a beta of 2.22. 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 will be paid on Tuesday, January 7th. Stockholders 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 dividend yield of 3.22%. Golden Entertainment’s dividend payout ratio is presently 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.