Wells Fargo & Company started coverage on shares of Golden Entertainment (NASDAQ:GDEN - Free Report) in a research report released on Monday morning, Marketbeat reports. The brokerage issued an overweight rating and a $38.00 target price on the stock.
Other equities research analysts have also recently issued reports about the company. 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 research report on Wednesday, October 23rd. Macquarie decreased their target price on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. JMP Securities increased their price objective on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a "market outperform" rating in a research note on Monday, November 25th. B. Riley decreased their target price on Golden Entertainment from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, September 23rd. Finally, StockNews.com upgraded shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Golden Entertainment currently has a consensus rating of "Buy" and an average target price of $37.33.
Get Our Latest Report on Golden Entertainment
Golden Entertainment Stock Up 0.5 %
Shares of NASDAQ GDEN traded up $0.17 during mid-day trading on Monday, hitting $33.36. 275,865 shares of the stock traded hands, compared to its average volume of 218,167. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The company has a market cap of $915.03 million, a price-to-earnings ratio of 26.90 and a beta of 2.22. The stock has a fifty day moving average price of $31.86 and a 200-day moving average price of $31.09. Golden Entertainment has a 52 week low of $27.42 and a 52 week high of $41.98.
Golden Entertainment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment's dividend payout ratio is currently 80.65%.
Insider Transactions at Golden Entertainment
In other Golden Entertainment 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 value of $25,756.36. Following the completion of the transaction, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 29.10% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Golden Entertainment during the second quarter worth $263,000. Assenagon Asset Management S.A. increased its holdings in shares of Golden Entertainment by 2,745.8% during the second quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company's stock valued at $5,698,000 after acquiring an additional 176,720 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Golden Entertainment by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company's stock valued at $564,000 after purchasing an additional 524 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Golden Entertainment by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 194,693 shares of the company's stock worth $6,057,000 after purchasing an additional 4,761 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Golden Entertainment during the 2nd quarter worth approximately $54,000. Institutional investors own 70.73% of the company's stock.
About Golden Entertainment
(
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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.
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