Golden Entertainment (NASDAQ:GDEN) Price Target Raised to $32.00

Golden Entertainment (NASDAQ:GDEN) had its price target boosted by equities research analysts at Jefferies Financial Group from $31.00 to $32.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 1.91% from the company’s current price.

Several other equities research analysts also recently commented on GDEN. JMP Securities boosted their target price on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Monday, November 25th. Truist Financial cut their price target 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. Wells Fargo & Company began coverage on Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 price objective for the company. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, B. Riley dropped their price objective on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Golden Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $36.57.

Golden Entertainment Price Performance

Shares of GDEN opened at $31.40 on Friday. The business’s fifty day moving average is $32.25 and its 200 day moving average is $31.25. Golden Entertainment has a 12-month low of $27.42 and a 12-month high of $40.55. 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 cap of $861.27 million, a P/E ratio of 25.32 and a beta of 2.22.

Insider Transactions at Golden Entertainment

In related news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Golden Entertainment

Hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its stake in Golden Entertainment by 84.7% in the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock worth $1,556,000 after purchasing an additional 22,440 shares during the period. Geode Capital Management LLC increased its position in shares of Golden Entertainment by 4.3% during the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock valued at $18,664,000 after buying an additional 24,264 shares during the period. MML Investors Services LLC lifted its holdings in shares of Golden Entertainment by 29.1% in the third quarter. MML Investors Services LLC now owns 63,449 shares of the company’s stock worth $2,017,000 after buying an additional 14,293 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Golden Entertainment by 5.2% in the third quarter. Jane Street Group LLC now owns 35,033 shares of the company’s stock valued at $1,114,000 after acquiring an additional 1,740 shares during the period. Finally, Systematic Financial Management LP grew its stake in Golden Entertainment by 24.5% during the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after acquiring an additional 69,207 shares in the last quarter. 70.73% of the stock is currently owned by hedge funds and other 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.