Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report)'s share price rose 5.8% during trading on Monday . The stock traded as high as $27.43 and last traded at $27.70. Approximately 22,176 shares traded hands during trading, a decline of 88% from the average daily volume of 186,763 shares. The stock had previously closed at $26.17.
Wall Street Analyst Weigh In
GDEN has been the topic of a number of recent research reports. Macquarie reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. 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 raised their price target on Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company initiated coverage on Golden Entertainment in a research report on Monday, December 16th. They issued an "overweight" rating and a $38.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Golden Entertainment has an average rating of "Moderate Buy" and a consensus price target of $36.86.
Read Our Latest Stock Report on GDEN
Golden Entertainment Price Performance
The stock has a 50-day moving average price of $31.31 and a two-hundred day moving average price of $31.61. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock has a market cap of $724.28 million, a price-to-earnings ratio of 22.03 and a beta of 2.29.
Golden Entertainment Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.66%. Golden Entertainment's payout ratio is currently 59.88%.
Hedge Funds Weigh In On Golden Entertainment
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Golden Entertainment by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock valued at $47,085,000 after buying an additional 57,285 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of 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 during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Golden Entertainment by 4.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock worth $21,288,000 after purchasing an additional 27,508 shares during the period. Geode Capital Management LLC increased its position in shares of Golden Entertainment by 4.3% during the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock valued at $18,664,000 after acquiring an additional 24,264 shares during the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new stake in Golden Entertainment in the fourth quarter valued at approximately $17,704,000. Institutional investors and hedge funds own 70.73% of the company's stock.
Golden Entertainment Company Profile
(
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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