Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $36.57 Average Price Target from Analysts

Golden Entertainment, Inc. (NASDAQ:GDEN) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $36.57.

GDEN has been the topic of several research reports. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. JMP Securities upped their price objective on Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a report on Monday, November 25th. Wells Fargo & Company started coverage on Golden Entertainment in a report on Monday, December 16th. They set an “overweight” rating and a $38.00 price objective on the stock. Macquarie cut their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Jefferies Financial Group increased their price target on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, January 3rd.

Golden Entertainment Stock Up 0.1 %

NASDAQ:GDEN opened at $31.31 on Monday. The stock’s fifty day moving average price is $32.28 and its two-hundred day moving average price is $31.28. Golden Entertainment has a 52-week low of $27.42 and a 52-week high of $40.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company has a market cap of $858.80 million, a price-to-earnings ratio of 25.25 and a beta of 2.22.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Friday, December 20th. Golden Entertainment’s dividend payout ratio is currently 80.65%.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the transaction, the director now owns 61,616 shares in the company, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 29.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Golden Entertainment

A number of large investors have recently added to or reduced their stakes in GDEN. Meeder Asset Management Inc. bought a new position in Golden Entertainment during the 3rd quarter worth about $42,000. Quarry LP bought a new position in Golden Entertainment during the 2nd quarter worth about $52,000. Allspring Global Investments Holdings LLC bought a new position in Golden Entertainment during the 2nd quarter worth about $54,000. Ashton Thomas Private Wealth LLC bought a new position in Golden Entertainment during the 2nd quarter worth about $89,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Golden Entertainment in the 2nd quarter valued at about $143,000. Institutional investors own 70.73% of the company’s stock.

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.