Golden Entertainment (NASDAQ:GDEN) Given New $38.00 Price Target at Macquarie

Golden Entertainment (NASDAQ:GDEN) had its target price lowered by Macquarie from $39.00 to $38.00 in a report released on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. B. Riley dropped their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Truist Financial dropped their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, JMP Securities dropped their price target on Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating for the company in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.00.

Golden Entertainment Trading Up 4.4 %

NASDAQ:GDEN opened at $33.62 on Friday. The stock has a fifty day moving average price of $31.02 and a two-hundred day moving average price of $30.62. The stock has a market capitalization of $952.12 million, a price-to-earnings ratio of 27.11 and a beta of 2.24. 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 has a 1 year low of $27.42 and a 1 year high of $42.14.

Golden Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Friday, December 20th. Golden Entertainment’s payout ratio is currently 80.65%.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the sale, the director now directly owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This trade represents a 0.00 % decrease in their position. The sale 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.

Institutional Trading of Golden Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in Golden Entertainment in the 2nd quarter worth about $34,000. nVerses Capital LLC acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at about $37,000. Meeder Asset Management Inc. acquired a new position in shares of Golden Entertainment in the 3rd quarter valued at about $42,000. Quarry LP acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at about $52,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at about $54,000. 70.73% of the stock is owned by institutional investors and hedge funds.

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.