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

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $36.86.

A number of equities research analysts have issued reports on GDEN shares. Jefferies Financial Group increased their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a report on Friday, January 3rd. JMP Securities reaffirmed a "market outperform" rating and issued a $36.00 price objective on shares of Golden Entertainment in a research report on Thursday, January 16th. Macquarie reiterated an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a report on Friday, February 28th. Wells Fargo & Company assumed coverage on Golden Entertainment in a research report on Monday, December 16th. They set an "overweight" rating and a $38.00 target price on the stock. Finally, StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

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Hedge Funds Weigh In On Golden Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the business. Deprince Race & Zollo Inc. purchased a new stake in Golden Entertainment in the fourth quarter valued at $17,704,000. DAVENPORT & Co LLC lifted its holdings in Golden Entertainment by 26.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock worth $40,864,000 after buying an additional 271,782 shares in the last quarter. Millennium Management LLC boosted its holdings in Golden Entertainment by 885.9% in the fourth quarter. Millennium Management LLC now owns 171,302 shares of the company's stock valued at $5,413,000 after purchasing an additional 153,927 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Golden Entertainment by 61.8% during the fourth quarter. Russell Investments Group Ltd. now owns 190,033 shares of the company's stock worth $6,005,000 after buying an additional 72,588 shares during the period. Finally, Systematic Financial Management LP increased its position in shares of Golden Entertainment by 24.5% in the 3rd quarter. Systematic Financial Management LP now owns 352,227 shares of the company's stock valued at $11,197,000 after purchasing an additional 69,207 shares during the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

Shares of GDEN stock traded down $0.26 on Friday, hitting $27.77. 181,107 shares of the stock traded hands, compared to its average volume of 224,079. The firm has a market cap of $736.21 million, a price-to-earnings ratio of 22.40 and a beta of 2.29. 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 firm has a 50 day simple moving average of $31.16 and a two-hundred day simple moving average of $31.54. Golden Entertainment has a 52 week low of $25.17 and a 52 week high of $36.92.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.60%. The ex-dividend date is Friday, March 21st. Golden Entertainment's payout ratio is currently 59.88%.

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.