Golden Entertainment (NASDAQ:GDEN) Upgraded at StockNews.com

Golden Entertainment (NASDAQ:GDEN - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.

Several other equities analysts have also recently commented on GDEN. B. Riley reduced their target price on Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, September 23rd. Truist Financial reduced their price objective on shares of Golden Entertainment from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Macquarie dropped their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Finally, JMP Securities increased their price target on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Monday, November 25th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $37.20.

Golden Entertainment Stock Down 0.1 %

Shares of NASDAQ:GDEN traded down $0.02 during trading on Friday, hitting $33.46. The company's stock had a trading volume of 141,266 shares, compared to its average volume of 216,987. The company has a market capitalization of $917.81 million, a PE ratio of 26.98 and a beta of 2.22. Golden Entertainment has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. 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 stock's 50-day moving average price is $31.65 and its two-hundred day moving average price is $30.91.

Insider Buying and Selling

In related news, Director Mark A. Lipparelli sold 773 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the transaction, the director now owns 82,740 shares in the company, valued at $2,756,896.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 29.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Golden Entertainment

A number of hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of Golden Entertainment in the 1st quarter worth about $214,000. SG Americas Securities LLC bought a new stake in shares of Golden Entertainment during the second quarter valued at approximately $263,000. Assenagon Asset Management S.A. boosted its position 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 worth $5,698,000 after buying an additional 176,720 shares during the period. SummerHaven Investment Management LLC grew its holdings in Golden Entertainment by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,120 shares of the company's stock worth $564,000 after buying an additional 524 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 valued at $6,057,000 after acquiring an additional 4,761 shares during the period. 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.

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