Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) Price Target at $36.86

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

A number of brokerages have recently commented on GDEN. 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. Macquarie reiterated an “outperform” rating and issued a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Jefferies Financial Group upped their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. Finally, StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Golden Entertainment Price Performance

Shares of GDEN opened at $25.56 on Wednesday. The company has a 50 day moving average of $28.33 and a 200-day moving average of $30.69. Golden Entertainment has a twelve month low of $22.66 and a twelve month high of $35.49. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $675.68 million, a P/E ratio of 20.61 and a beta of 1.99.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 21st. This represents a $1.00 annualized dividend and a yield of 3.91%. Golden Entertainment’s payout ratio is 59.88%.

Institutional Investors Weigh In On Golden Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. Inscription Capital LLC acquired a new position in shares of Golden Entertainment during the first quarter worth approximately $165,000. SummerHaven Investment Management LLC raised its position in shares of Golden Entertainment by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 26,706 shares of the company’s stock valued at $705,000 after purchasing an additional 439 shares during the period. GAMMA Investing LLC raised its stake in shares of Golden Entertainment by 1,136.9% during the 1st quarter. GAMMA Investing LLC now owns 6,729 shares of the company’s stock valued at $178,000 after purchasing an additional 6,185 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Golden Entertainment by 27.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,536 shares of the company’s stock valued at $1,881,000 after acquiring an additional 12,712 shares during the period. Finally, Vident Advisory LLC boosted its stake in Golden Entertainment by 6.8% during the fourth quarter. Vident Advisory LLC now owns 15,397 shares of the company’s stock valued at $487,000 after buying an additional 985 shares during the period. 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.