Golden Entertainment (NASDAQ:GDEN) Price Target Raised to $36.00

Golden Entertainment (NASDAQ:GDEN) had its target price raised by JMP Securities from $35.00 to $36.00 in a research report report published on Monday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other brokerages have also commented on GDEN. Macquarie cut 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. B. Riley reduced their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Truist Financial lowered their price objective on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.20.

Golden Entertainment Stock Down 0.1 %

Golden Entertainment stock opened at $33.26 on Monday. Golden Entertainment has a twelve month low of $27.42 and a twelve month high of $42.14. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $31.38 and a 200-day moving average of $30.77. The stock has a market capitalization of $912.32 million, a PE ratio of 26.82 and a beta of 2.24.

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment’s payout ratio is presently 80.65%.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction on Thursday, September 19th. The shares were 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 owns 82,740 shares in the company, valued at $2,756,896.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 29.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Innealta Capital LLC bought a new position in Golden Entertainment during the second quarter worth about $34,000. nVerses Capital LLC acquired a new stake in shares of Golden Entertainment in the second quarter valued at approximately $37,000. Meeder Asset Management Inc. bought a new position in shares of Golden Entertainment during the 3rd quarter worth approximately $42,000. Quarry LP acquired a new position in shares of Golden Entertainment during the 2nd quarter worth approximately $52,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Golden Entertainment in the 2nd quarter valued at $54,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

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.