Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $32.48 and traded as high as $33.11. Golden Entertainment shares last traded at $33.03, with a volume of 120,614 shares trading hands.
Analyst Ratings Changes
A number of research firms recently weighed in on GDEN. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. JMP Securities reaffirmed a "market outperform" rating and set a $36.00 target price on shares of Golden Entertainment in a research note on Thursday, January 16th. Jefferies Financial Group lifted their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. Wells Fargo & Company started coverage on shares of Golden Entertainment in a research report on Monday, December 16th. They set an "overweight" rating and a $38.00 price objective for the company. Finally, Macquarie dropped their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Golden Entertainment currently has an average rating of "Moderate Buy" and an average target price of $36.57.
View Our Latest Analysis on GDEN
Golden Entertainment Price Performance
The stock's fifty day moving average price is $32.48 and its 200-day moving average price is $31.46. The firm has a market cap of $905.98 million, a PE ratio of 26.64 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.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. The company had revenue of $161.23 million during the quarter, compared to analysts' expectations of $162.22 million. During the same quarter in the prior year, the company earned ($0.02) EPS. As a group, equities analysts expect that Golden Entertainment, Inc. will post 0.2 EPS for the current fiscal year.
Golden Entertainment Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 3.03%. Golden Entertainment's dividend payout ratio is presently 80.65%.
Insiders Place Their Bets
In related news, Director Terrence Wright sold 16,586 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were 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 directly owns 61,616 shares in the company, valued at approximately $1,926,116.16. This trade represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 29.10% of the stock is currently owned by corporate insiders.
Institutional Trading of Golden Entertainment
Several hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new position in shares of Golden Entertainment during the 2nd quarter worth $1,848,000. Dimensional Fund Advisors LP lifted its position in Golden Entertainment by 100.9% in the second quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company's stock valued at $5,089,000 after buying an additional 82,175 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Golden Entertainment in the second quarter valued at about $228,000. XTX Topco Ltd purchased a new position in Golden Entertainment during the second quarter worth about $230,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Golden Entertainment during the second quarter valued at about $143,000. Hedge funds and other institutional investors own 70.73% of the company's stock.
About Golden Entertainment
(
Get Free Report)
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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