Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $32.31 and traded as high as $34.38. Golden Entertainment shares last traded at $34.09, with a volume of 208,081 shares trading hands.
Analyst Upgrades and Downgrades
GDEN has been the subject of a number of research reports. StockNews.com cut Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. JMP Securities reaffirmed a "market outperform" rating and set a $36.00 price target on shares of Golden Entertainment in a research report on Thursday, January 16th. Truist Financial reduced their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Jefferies Financial Group upped their target price 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. Finally, Macquarie reduced their price objective on Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Two 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, Golden Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $36.57.
Get Our Latest Analysis on GDEN
Golden Entertainment Stock Performance
The company has a market cap of $925.90 million, a PE ratio of 27.22 and a beta of 2.21. 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 business's 50 day moving average is $32.33 and its two-hundred day moving average is $31.71.
Insider Activity
In other news, Director Terrence Wright sold 16,586 shares of Golden Entertainment stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.26, for a total transaction of $518,478.36. Following the sale, the director now owns 61,616 shares in the company, valued at $1,926,116.16. This trade represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 29.10% of the company's stock.
Institutional Trading of Golden Entertainment
Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in Golden Entertainment in the 3rd quarter valued at $42,000. Lazard Asset Management LLC increased its stake in Golden Entertainment by 405.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock worth $59,000 after acquiring an additional 1,501 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Golden Entertainment by 7.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock worth $143,000 after acquiring an additional 317 shares during the last quarter. Two Sigma Securities LLC increased its stake in Golden Entertainment by 10.9% in the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock worth $228,000 after acquiring an additional 709 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Golden Entertainment by 16.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company's stock worth $243,000 after acquiring an additional 1,085 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors.
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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