Golden Entertainment, Inc. (NASDAQ:GDEN – Get Free Report) 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.
Get Our Latest Stock Analysis on Golden Entertainment
Institutional Investors Weigh In On Golden Entertainment
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 – Get Free Report) 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.
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