JMP Securities Cuts Golden Entertainment (NASDAQ:GDEN) Price Target to $36.00

Golden Entertainment (NASDAQ:GDEN - Get Free Report) had its price target cut by equities research analysts at JMP Securities from $37.00 to $36.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. JMP Securities' target price would suggest a potential upside of 40.85% from the company's current price.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, January 3rd. Macquarie reissued an "outperform" rating and set a $40.00 price objective on shares of Golden Entertainment in a report on Friday, February 28th. Finally, StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.86.

Golden Entertainment Stock Performance

Golden Entertainment stock traded up $0.04 during mid-day trading on Thursday, reaching $25.56. 142,213 shares of the company's stock were exchanged, compared to its average volume of 243,305. The firm has a market capitalization of $675.68 million, a PE ratio of 20.61 and a beta of 1.99. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The business's fifty day simple moving average is $28.33 and its 200 day simple moving average is $30.69. Golden Entertainment has a one year low of $22.66 and a one year high of $35.49.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its position in shares of Golden Entertainment by 405.7% in the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock valued at $59,000 after acquiring an additional 1,501 shares during the period. Meeder Asset Management Inc. grew its position in shares of Golden Entertainment by 86.0% during the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after purchasing an additional 1,144 shares in the last quarter. Inscription Capital LLC bought a new position in shares of Golden Entertainment in the first quarter worth $165,000. GAMMA Investing LLC raised its position in shares of Golden Entertainment by 1,136.9% in the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock worth $178,000 after buying an additional 6,185 shares in the last quarter. Finally, Two Sigma Securities LLC boosted its stake in Golden Entertainment by 10.9% during the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after buying an additional 709 shares during the period. Institutional investors own 70.73% of the company's stock.

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.