Golden Entertainment (NASDAQ:GDEN) Price Target Raised to $36.00 at JMP Securities

Golden Entertainment (NASDAQ:GDEN) had its price objective increased by JMP Securities from $35.00 to $36.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price objective suggests a potential upside of 8.17% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Macquarie reduced their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. B. Riley reduced their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, Truist Financial reduced their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.20.

Golden Entertainment Trading Down 2.1 %

NASDAQ GDEN opened at $33.28 on Monday. The business’s 50-day moving average price is $31.36 and its two-hundred day moving average price is $30.76. Golden Entertainment has a 12 month low of $27.42 and a 12 month high of $42.14. The firm has a market capitalization of $912.84 million, a PE ratio of 26.84 and a beta of 2.24. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the transaction, the director now owns 82,740 shares in the company, valued at approximately $2,756,896.80. This represents 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 accessible through this hyperlink. 29.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDEN. Innealta Capital LLC bought a new position in Golden Entertainment in the second quarter worth approximately $34,000. nVerses Capital LLC bought a new position in Golden Entertainment in the second quarter worth approximately $37,000. Meeder Asset Management Inc. bought a new position in Golden Entertainment in the third quarter worth approximately $42,000. Quarry LP bought a new position in Golden Entertainment in the second quarter worth approximately $52,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Golden Entertainment in the second quarter worth approximately $54,000. 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.