Golden Entertainment, Inc. (NASDAQ:GDEN) Given Average Recommendation of "Buy" by Brokerages

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have received an average recommendation of "Buy" from the five ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $37.00.

A number of research analysts recently weighed in on GDEN shares. Truist Financial dropped their price objective on Golden Entertainment from $38.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. JMP Securities lowered their price target on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a research note on Monday, October 14th. B. Riley reduced their price objective 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. StockNews.com downgraded shares of Golden Entertainment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. Finally, Macquarie dropped their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, November 8th.

Golden Entertainment Stock Performance

NASDAQ GDEN traded down $0.03 on Friday, hitting $33.19. 249,795 shares of the company's stock were exchanged, compared to its average volume of 213,644. The firm has a market cap of $910.40 million, a price-to-earnings ratio of 26.77 and a beta of 2.24. The firm's 50-day moving average price is $31.15 and its two-hundred day moving average price is $30.66. Golden Entertainment has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 0.73.

Golden Entertainment Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be paid a $0.25 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.01%. Golden Entertainment's payout ratio is 80.65%.

Insiders Place Their Bets

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the sale, the director now owns 82,740 shares in the company, valued at approximately $2,756,896.80. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 29.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Golden Entertainment

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in Golden Entertainment by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock worth $18,664,000 after purchasing an additional 24,264 shares in the last quarter. Barclays PLC lifted its holdings in Golden Entertainment by 84.7% in the 3rd quarter. Barclays PLC now owns 48,918 shares of the company's stock valued at $1,556,000 after purchasing an additional 22,440 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Golden Entertainment by 29.1% during the 3rd quarter. MML Investors Services LLC now owns 63,449 shares of the company's stock worth $2,017,000 after purchasing an additional 14,293 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of 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 buying an additional 1,740 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in shares of Golden Entertainment by 24.5% in the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company's stock valued at $11,197,000 after buying an additional 69,207 shares during the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

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.