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

Golden Entertainment, Inc. (NASDAQ:GDEN) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $36.86.

A number of equities analysts have commented on the stock. Macquarie reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Golden Entertainment in a report on Friday. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a report on Monday, December 16th. They issued an “overweight” rating and a $38.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Finally, Jefferies Financial Group raised their target price 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 Stock Up 0.8 %

GDEN stock opened at $31.09 on Tuesday. Golden Entertainment has a twelve month low of $27.42 and a twelve month high of $37.30. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $852.77 million, a P/E ratio of 25.07 and a beta of 2.21. The firm has a 50 day simple moving average of $32.24 and a 200-day simple moving average of $31.89.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Friday, March 21st. Golden Entertainment’s dividend payout ratio (DPR) is presently 80.65%.

Insiders Place Their Bets

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the sale, the director now directly owns 61,616 shares in the company, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Golden Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in Golden Entertainment by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock worth $143,000 after acquiring an additional 317 shares in the last quarter. HighTower Advisors LLC raised its position in Golden Entertainment by 1.9% in the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company’s stock worth $557,000 after acquiring an additional 333 shares in the last quarter. Beacon Investment Advisors LLC raised its position in Golden Entertainment by 0.8% in the fourth quarter. Beacon Investment Advisors LLC now owns 44,559 shares of the company’s stock worth $1,408,000 after acquiring an additional 333 shares in the last quarter. Empowered Funds LLC raised its position in Golden Entertainment by 5.0% in the third quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock worth $268,000 after acquiring an additional 402 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in Golden Entertainment by 6.4% in the 3rd quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock worth $262,000 after purchasing an additional 494 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors.

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.