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

Golden Entertainment, Inc. (NASDAQ:GDEN) has been given an average rating of “Buy” by the five analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $37.00.

A number of equities analysts have weighed in on GDEN shares. 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. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Macquarie lowered their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Truist Financial lowered their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, JMP Securities dropped their target price on Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating for the company in a report on Monday, October 14th.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN opened at $33.20 on Friday. 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’s 50 day moving average is $31.19 and its 200 day moving average is $30.67. Golden Entertainment has a twelve month low of $27.42 and a twelve month high of $42.14. The company has a market cap of $910.68 million, a PE ratio of 26.77 and a beta of 2.24.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment’s payout ratio is 80.65%.

Insider Buying and Selling at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the transaction, the director now owns 82,740 shares in the company, valued at $2,756,896.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 29.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Golden Entertainment

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock worth $143,000 after buying an additional 317 shares during the last quarter. HighTower Advisors LLC lifted 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 valued at $557,000 after purchasing an additional 333 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Golden Entertainment by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 10,499 shares of the company’s stock valued at $327,000 after buying an additional 355 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Golden Entertainment by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock worth $268,000 after purchasing an additional 402 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Golden Entertainment by 6.4% during the third quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock worth $262,000 after buying an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

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.