Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) PT at $37.20

Golden Entertainment, Inc. (NASDAQ:GDEN) has been given an average recommendation of “Buy” by the five analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $37.20.

Several analysts have weighed in on GDEN shares. B. Riley dropped their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. StockNews.com raised shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Macquarie cut their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. 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 note on Wednesday, October 23rd. Finally, JMP Securities boosted their price objective on Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Monday, November 25th.

Insider Activity at Golden Entertainment

In other news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 82,740 shares of the company’s stock, valued at $2,756,896.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 29.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Golden Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of GDEN. Price T Rowe Associates Inc. MD purchased a new stake in Golden Entertainment in the 1st quarter worth about $214,000. SG Americas Securities LLC bought a new stake in shares of Golden Entertainment in the second quarter valued at approximately $263,000. Assenagon Asset Management S.A. lifted its stake in shares of Golden Entertainment by 2,745.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock valued at $5,698,000 after buying an additional 176,720 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Golden Entertainment by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company’s stock worth $564,000 after buying an additional 524 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Golden Entertainment by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 194,693 shares of the company’s stock valued at $6,057,000 after buying an additional 4,761 shares in the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

Golden Entertainment stock opened at $33.19 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $910.26 million, a price-to-earnings ratio of 26.76 and a beta of 2.22. The stock’s 50 day moving average is $31.86 and its 200-day moving average is $31.08. Golden Entertainment has a 12 month low of $27.42 and a 12 month high of $42.14.

Golden Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a $0.25 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.01%. Golden Entertainment’s dividend payout ratio 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.