Golden Entertainment, Inc. (NASDAQ:GDEN – Get Free Report) 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.
Check Out Our Latest Stock Report on GDEN
Institutional Investors Weigh In On Golden Entertainment
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 – Get Free Report) 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.
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