Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $36.86 Average Price Target from Brokerages

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $36.86.

A number of equities analysts have issued reports on the company. Macquarie reaffirmed an "outperform" rating and set a $40.00 price target on shares of Golden Entertainment in a research note on Friday, February 28th. JMP Securities dropped their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research report on Thursday. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group lifted their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock traded up $0.04 on Wednesday, hitting $25.56. The company had a trading volume of 142,213 shares, compared to its average volume of 242,922. Golden Entertainment has a 52 week low of $22.66 and a 52 week high of $35.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The company has a market cap of $675.68 million, a PE ratio of 20.61 and a beta of 1.99. The business has a 50-day simple moving average of $28.33 and a 200-day simple moving average of $30.69.

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a $0.25 dividend. The ex-dividend date was Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.91%. Golden Entertainment's dividend payout ratio (DPR) is currently 59.88%.

Hedge Funds Weigh In On Golden Entertainment

A number of hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Golden Entertainment by 7.6% in the third quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock worth $143,000 after acquiring an additional 317 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Golden Entertainment by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 17,580 shares of the company's stock worth $557,000 after purchasing an additional 333 shares during the last quarter. Jane Street Group LLC boosted its position in Golden Entertainment by 5.2% during the third quarter. Jane Street Group LLC now owns 35,033 shares of the company's stock worth $1,114,000 after purchasing an additional 1,740 shares during the period. MML Investors Services LLC grew its holdings in Golden Entertainment by 29.1% during the third quarter. MML Investors Services LLC now owns 63,449 shares of the company's stock valued at $2,017,000 after purchasing an additional 14,293 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Golden Entertainment by 84.7% in the third quarter. Barclays PLC now owns 48,918 shares of the company's stock worth $1,556,000 after buying an additional 22,440 shares during the last quarter. Institutional investors and hedge funds own 70.73% of the company's stock.

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.