Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $36.57.
A number of brokerages have issued reports on GDEN. Truist Financial decreased their price target on Golden Entertainment from $38.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Macquarie reduced their price objective on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Jefferies Financial Group increased their price objective on Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. Wells Fargo & Company began coverage on Golden Entertainment in a report on Monday, December 16th. They set an "overweight" rating and a $38.00 price target for the company. Finally, StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th.
View Our Latest Research Report on GDEN
Insider Transactions at Golden Entertainment
In related news, Director Terrence Wright sold 16,586 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the transaction, the director now owns 61,616 shares in the company, valued at $1,926,116.16. This trade represents a 21.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 29.10% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Golden Entertainment in the 3rd quarter valued at approximately $42,000. Quarry LP purchased a new position in shares of Golden Entertainment in the 2nd quarter valued at approximately $52,000. BNP Paribas Financial Markets grew its stake in shares of Golden Entertainment by 7.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock valued at $143,000 after purchasing an additional 317 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Golden Entertainment in the 2nd quarter valued at approximately $228,000. Finally, New York State Teachers Retirement System grew its stake in shares of Golden Entertainment by 6.4% in the 3rd quarter. New York State Teachers Retirement System now owns 8,230 shares of the company's stock valued at $262,000 after purchasing an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company's stock.
Golden Entertainment Stock Performance
NASDAQ GDEN traded down $0.60 during trading hours on Friday, reaching $32.14. The stock had a trading volume of 101,285 shares, compared to its average volume of 132,784. The stock has a fifty day moving average of $32.43 and a 200 day moving average of $31.60. The stock has a market cap of $881.60 million, a P/E ratio of 25.92 and a beta of 2.21. Golden Entertainment has a 52-week low of $27.42 and a 52-week high of $39.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.08. The firm had revenue of $161.23 million for the quarter, compared to analyst estimates of $162.22 million. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. Sell-side analysts predict that Golden Entertainment will post 0.2 earnings per share for the current year.
Golden Entertainment Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Friday, December 20th. Golden Entertainment's dividend payout ratio (DPR) is presently 80.65%.
About Golden Entertainment
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Get Free ReportGolden 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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