Brokerages Set Golden Entertainment, Inc. (NASDAQ:GDEN) PT at $38.20

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have been assigned an average recommendation of “Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $38.20.

Several equities analysts have commented on the stock. B. Riley decreased their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Truist Financial decreased 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 note on Friday, August 9th. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. JMP Securities decreased their target price on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating on the stock in a research report on Friday, August 9th. Finally, Macquarie lowered their target price on Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th.

Insider Transactions at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction 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 completion of the transaction, the director now directly owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 29.10% of the company’s stock.

Institutional Investors Weigh In On Golden Entertainment

A number of large investors have recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Golden Entertainment during the 2nd quarter worth approximately $34,000. nVerses Capital LLC acquired a new stake in shares of Golden Entertainment in the 2nd quarter valued at $37,000. Quarry LP acquired a new stake in shares of Golden Entertainment in the 2nd quarter valued at $52,000. Allspring Global Investments Holdings LLC bought a new position in shares of Golden Entertainment in the 2nd quarter valued at $54,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Golden Entertainment during the 2nd quarter worth $89,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

Golden Entertainment Trading Down 1.2 %

Golden Entertainment stock opened at $31.79 on Friday. The stock has a 50-day simple moving average of $31.15 and a 200 day simple moving average of $31.61. The stock has a market capitalization of $920.29 million, a P/E ratio of 3.43 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 has a 52 week low of $27.42 and a 52 week high of $42.14.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. The business had revenue of $167.33 million for the quarter, compared to analyst estimates of $176.34 million. Analysts expect that Golden Entertainment will post 0.23 earnings per share for the current year.

Golden Entertainment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.15%. Golden Entertainment’s payout ratio 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.