Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have been given an average recommendation of "Buy" by the five analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is $37.20.
Several analysts have issued reports on GDEN shares. StockNews.com upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. JMP Securities lifted their price objective on Golden Entertainment from $35.00 to $36.00 and gave the company a "market outperform" rating in a research note on Monday, November 25th. Macquarie decreased their target price 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. Truist Financial decreased their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Finally, B. Riley reduced their target price on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, September 23rd.
Read Our Latest Stock Report on GDEN
Insiders Place Their Bets
In related news, Director Mark A. Lipparelli sold 773 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the transaction, the director now owns 82,740 shares in the company, valued at $2,756,896.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 29.10% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in GDEN. Innealta Capital LLC purchased a new stake in Golden Entertainment in the second quarter worth $34,000. nVerses Capital LLC purchased a new stake in shares of Golden Entertainment in the 2nd quarter worth approximately $37,000. Meeder Asset Management Inc. purchased a new position in Golden Entertainment during the third quarter valued at $42,000. Quarry LP bought a new stake in Golden Entertainment in the second quarter worth $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Golden Entertainment in the second quarter worth $54,000. Hedge funds and other institutional investors own 70.73% of the company's stock.
Golden Entertainment Price Performance
Shares of GDEN traded down $0.64 during midday trading on Thursday, hitting $32.98. 286,639 shares of the company traded hands, compared to its average volume of 218,201. Golden Entertainment has a one year low of $27.42 and a one year high of $42.14. The firm has a market cap of $904.61 million, a P/E ratio of 26.60 and a beta of 2.22. 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 stock has a 50-day moving average of $31.82 and a 200-day moving average of $31.03.
Golden Entertainment Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.03%. Golden Entertainment's dividend payout ratio is presently 80.65%.
Golden Entertainment Company Profile
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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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