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

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned a consensus rating of “Buy” from the five ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $37.00.

Several brokerages recently weighed in on GDEN. Truist Financial decreased their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. JMP Securities dropped their target price on shares of Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a report on Monday, October 14th. Macquarie dropped their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, B. Riley reduced their price objective on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 23rd.

Insider Transactions at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the sale, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 29.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of Golden Entertainment by 84.7% during the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock valued at $1,556,000 after acquiring an additional 22,440 shares in the last quarter. Geode Capital Management LLC increased its position in Golden Entertainment by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock worth $18,664,000 after purchasing an additional 24,264 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Golden Entertainment by 29.1% during the 3rd quarter. MML Investors Services LLC now owns 63,449 shares of the company’s stock worth $2,017,000 after purchasing an additional 14,293 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Golden Entertainment by 5.2% during the 3rd quarter. Jane Street Group LLC now owns 35,033 shares of the company’s stock valued at $1,114,000 after buying an additional 1,740 shares during the last quarter. Finally, Systematic Financial Management LP grew its stake in shares of Golden Entertainment by 24.5% in the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after buying an additional 69,207 shares in the last quarter. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Stock Performance

GDEN opened at $33.51 on Friday. Golden Entertainment has a 1-year low of $27.42 and a 1-year high of $42.14. The company has a market capitalization of $919.15 million, a price-to-earnings ratio of 27.02 and a beta of 2.24. The business has a 50 day moving average price of $31.27 and a two-hundred day moving average price of $30.71. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.98%. The ex-dividend date is Friday, December 20th. Golden Entertainment’s dividend payout ratio (DPR) is currently 80.65%.

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.