Golden Entertainment, Inc. (NASDAQ:GDEN) Given Consensus Recommendation of “Buy” by Brokerages

Golden Entertainment, Inc. (NASDAQ:GDEN) has received a consensus recommendation of “Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.40.

GDEN has been the subject of several recent research reports. Truist Financial cut their price target on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Macquarie dropped their target price on Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Golden Entertainment from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, JMP Securities lowered their price objective on shares of 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.

Institutional Investors Weigh In On Golden Entertainment

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in Golden Entertainment by 3.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,499 shares of the company’s stock valued at $327,000 after buying an additional 355 shares during the period. New York State Teachers Retirement System raised its position in shares of Golden Entertainment by 6.7% in the 1st quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock worth $231,000 after acquiring an additional 394 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Golden Entertainment by 3.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company’s stock worth $564,000 after purchasing an additional 524 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Golden Entertainment by 17.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,904 shares of the company’s stock valued at $184,000 after purchasing an additional 892 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Golden Entertainment by 5.1% in the fourth quarter. BNP Paribas Financial Markets now owns 20,164 shares of the company’s stock valued at $805,000 after purchasing an additional 983 shares during the last quarter. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Trading Up 0.4 %

Shares of NASDAQ:GDEN opened at $32.39 on Tuesday. The stock’s 50-day simple moving average is $30.37 and its two-hundred day simple moving average is $32.03. The stock has a market capitalization of $937.66 million, a price-to-earnings ratio of 3.49 and a beta of 2.23. Golden Entertainment has a 52-week low of $27.42 and a 52-week high of $42.14. 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 posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The business had revenue of $167.33 million during the quarter, compared to analysts’ expectations of $176.34 million. Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. Analysts expect that Golden Entertainment will post 0.25 EPS for the current year.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Tuesday, September 17th. Golden Entertainment’s dividend payout ratio (DPR) is presently 10.79%.

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.