Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $39.40 Average PT from Analysts

Golden Entertainment, Inc. (NASDAQ:GDEN) has earned an average recommendation of “Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.40.

A number of research analysts have recently issued reports on GDEN shares. Truist Financial dropped their price target on shares of Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. JMP Securities lowered their price target on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating for the company in a research report on Friday, August 9th. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Macquarie dropped their price target on shares of Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th.

Institutional Investors Weigh In On Golden Entertainment

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Golden Entertainment in the fourth quarter worth about $973,000. Russell Investments Group Ltd. grew its stake in shares of Golden Entertainment by 9.2% in the 4th quarter. Russell Investments Group Ltd. now owns 122,676 shares of the company’s stock worth $4,898,000 after buying an additional 10,302 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Golden Entertainment by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,204 shares of the company’s stock valued at $6,876,000 after buying an additional 4,220 shares in the last quarter. BNP Paribas Financial Markets increased its position in Golden Entertainment by 5.1% during the 4th quarter. BNP Paribas Financial Markets now owns 20,164 shares of the company’s stock valued at $805,000 after buying an additional 983 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Golden Entertainment during the fourth quarter valued at $1,216,000. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Trading Down 1.0 %

GDEN stock opened at $32.04 on Tuesday. Golden Entertainment has a 52 week low of $27.42 and a 52 week high of $42.14. The company’s 50-day simple moving average is $30.50 and its 200 day simple moving average is $31.95. The company has a market capitalization of $927.53 million, a PE ratio of 3.46 and a beta of 2.23. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.73 and a current ratio of 0.77.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $167.33 million for the quarter, compared to analyst estimates of $176.34 million. Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. As a group, sell-side analysts anticipate that Golden Entertainment will post 0.25 earnings per share for the current year.

Golden Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.12%. Golden Entertainment’s dividend payout ratio is 10.79%.

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.