Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) Target Price at $37.00

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $37.00.

A number of analysts have recently weighed in on GDEN shares. StockNews.com upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Monday. JMP Securities decreased their price objective on shares of Golden Entertainment from $37.00 to $36.00 and set a “market outperform” rating for the company in a research report on Thursday, April 17th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Golden Entertainment in a research report on Friday, February 28th.

Golden Entertainment Stock Down 1.7%

NASDAQ:GDEN opened at $29.29 on Friday. Golden Entertainment has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The stock has a market capitalization of $774.28 million, a P/E ratio of 23.62 and a beta of 1.85. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company’s 50-day simple moving average is $26.47 and its 200-day simple moving average is $30.21.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. The firm had revenue of $160.84 million during the quarter, compared to the consensus estimate of $164.37 million. On average, equities analysts anticipate that Golden Entertainment will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment’s dividend payout ratio is presently 256.41%.

Hedge Funds Weigh In On Golden Entertainment

Institutional investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Golden Entertainment by 84.7% during the 3rd 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. Nisa Investment Advisors LLC increased its holdings in shares of Golden Entertainment by 42.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock valued at $325,000 after purchasing an additional 3,037 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Golden Entertainment by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 31,795 shares of the company’s stock valued at $1,005,000 after purchasing an additional 1,672 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Golden Entertainment by 26.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company’s stock valued at $40,864,000 after purchasing an additional 271,782 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Golden Entertainment by 2.2% during the 4th quarter. Rhumbline Advisers now owns 52,291 shares of the company’s stock valued at $1,652,000 after purchasing an additional 1,102 shares in the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

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.