Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $36.57 Consensus PT from Analysts

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $36.57.

Several brokerages have weighed in on GDEN. B. Riley lowered their target price 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. Jefferies Financial Group boosted their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Friday. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Macquarie dropped 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, Wells Fargo & Company began coverage on shares of Golden Entertainment in a research report on Monday, December 16th. They issued an "overweight" rating and a $38.00 price objective for the company.

Insider Transactions at Golden Entertainment

In other news, Director Terrence Wright sold 16,586 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total value of $518,478.36. Following the completion of the transaction, the director now owns 61,616 shares of the company's stock, valued at $1,926,116.16. The trade was a 21.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 29.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GDEN. Meeder Asset Management Inc. acquired a new stake in shares of Golden Entertainment during the 3rd quarter worth approximately $42,000. Quarry LP purchased a new position in Golden Entertainment in the second quarter valued at $52,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Golden Entertainment in the second quarter worth about $54,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Golden Entertainment in the second quarter worth about $89,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Golden Entertainment during the 2nd quarter worth about $143,000. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Stock Up 1.6 %

Golden Entertainment stock traded up $0.49 during trading hours on Monday, reaching $31.89. The stock had a trading volume of 151,544 shares, compared to its average volume of 141,548. The company has a market cap of $874.71 million, a price-to-earnings ratio of 25.72 and a beta of 2.22. The business's 50 day moving average price is $32.27 and its 200-day moving average price is $31.27. 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 current ratio of 1.11 and a quick ratio of 1.03.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, December 20th. Golden Entertainment's payout ratio is 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.