Brokerages Set Golden Entertainment, Inc. (NASDAQ:GDEN) Target Price at $38.20

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average rating of “Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $37.80.

Several analysts have recently issued reports on the stock. Macquarie reduced their target price on shares of Golden Entertainment from $41.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday. JMP Securities decreased 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 note on Friday, August 9th. B. Riley cut their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Truist Financial reduced their target price on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th.

Insider Buying and Selling at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the business’s stock in a transaction 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 sale, the director now directly owns 82,740 shares in the company, valued at $2,756,896.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 29.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in shares of Golden Entertainment by 45.1% in the third quarter. SG Americas Securities LLC now owns 12,251 shares of the company’s stock worth $389,000 after acquiring an additional 3,805 shares during the period. Quarry LP purchased a new stake in Golden Entertainment during the 2nd quarter worth about $52,000. Systematic Financial Management LP boosted its stake in Golden Entertainment by 78.2% in the 2nd quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock worth $8,805,000 after purchasing an additional 124,218 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Golden Entertainment by 3.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,499 shares of the company’s stock valued at $327,000 after buying an additional 355 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Golden Entertainment by 274.1% during the 2nd quarter. AQR Capital Management LLC now owns 61,182 shares of the company’s stock valued at $1,903,000 after buying an additional 44,827 shares in the last quarter. 70.73% of the stock is owned by institutional investors.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN opened at $31.19 on Friday. Golden Entertainment has a twelve month low of $27.42 and a twelve month high of $42.14. The stock’s 50 day moving average is $31.13 and its 200-day moving average is $31.54. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $902.92 million, a price-to-earnings ratio of 3.36 and a beta of 2.23.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). The company had revenue of $167.33 million for the quarter, compared to analysts’ expectations of $176.34 million. Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. Sell-side analysts forecast that Golden Entertainment will post 0.23 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were issued a $0.25 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.21%. 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.