Golden Entertainment (NASDAQ:GDEN) Given New $32.00 Price Target at Jefferies Financial Group

Golden Entertainment (NASDAQ:GDEN - Free Report) had its price target increased by Jefferies Financial Group from $31.00 to $32.00 in a research note released on Friday,Benzinga reports. They currently have a hold rating on the stock.

Several other analysts also recently commented on the company. Macquarie cut 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. B. Riley reduced their price objective on Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a report on Monday, September 23rd. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. JMP Securities raised their price target on shares of Golden Entertainment from $35.00 to $36.00 and gave the company a "market outperform" rating in a report on Monday, November 25th. Finally, Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a report on Monday, December 16th. They set an "overweight" rating and a $38.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.57.

Golden Entertainment Stock Up 0.9 %

Golden Entertainment stock traded up $0.28 during trading hours on Friday, hitting $31.40. The stock had a trading volume of 133,505 shares, compared to its average volume of 136,553. The stock's 50-day moving average price is $32.25 and its 200-day moving average price is $31.25. The stock has a market capitalization of $861.27 million, a P/E ratio of 25.32 and a beta of 2.22. Golden Entertainment has a 12-month low of $27.42 and a 12-month high of $40.55. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75.

Golden Entertainment Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment's payout ratio is 80.65%.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the sale, the director now owns 61,616 shares of the company's stock, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 29.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GDEN. nVerses Capital LLC purchased a new stake in Golden Entertainment in the 2nd quarter worth $37,000. Meeder Asset Management Inc. bought a new stake in Golden Entertainment during the 3rd quarter valued at approximately $42,000. Quarry LP purchased a new position in Golden Entertainment in the 2nd quarter worth approximately $52,000. Allspring Global Investments Holdings LLC bought a new position in Golden Entertainment in the 2nd quarter worth approximately $54,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Golden Entertainment during the 2nd quarter valued at approximately $89,000. 70.73% of the stock is currently owned by institutional investors.

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.