Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have been given an average rating of "Buy" by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.60.

GDEN has been the topic of a number of analyst reports. B. Riley lowered their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, September 23rd. Truist Financial dropped their price target on shares of Golden Entertainment from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. JMP Securities reduced their price objective on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating for the company in a research report on Monday, October 14th. Macquarie dropped their target price on Golden Entertainment from $41.00 to $39.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Finally, StockNews.com downgraded Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th.

Golden Entertainment Stock Performance

Shares of GDEN opened at $30.41 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.72. The firm has a market cap of $880.34 million, a PE ratio of 3.28 and a beta of 2.23. Golden Entertainment has a 12-month low of $27.42 and a 12-month high of $42.14. The company's 50 day simple moving average is $31.22 and its 200-day simple moving average is $31.02.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). Golden Entertainment had a net margin of 33.07% and a negative return on equity of 0.33%. The company had revenue of $167.33 million for the quarter, compared to analysts' expectations of $176.34 million. As a group, equities analysts predict that Golden Entertainment will post 0.18 EPS for the current year.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Tuesday, September 17th. Golden Entertainment's dividend payout ratio is currently 10.79%.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the sale, the director now owns 82,740 shares of the company's stock, valued at approximately $2,756,896.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 29.10% of the stock is currently owned by company insiders.

Institutional Trading of Golden Entertainment

Several large investors have recently modified their holdings of GDEN. Innealta Capital LLC purchased a new stake in Golden Entertainment in the 2nd quarter valued at approximately $34,000. nVerses Capital LLC acquired a new position in shares of Golden Entertainment in the second quarter valued at approximately $37,000. Quarry LP purchased a new stake in Golden Entertainment in the 2nd quarter worth approximately $52,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Golden Entertainment during the second quarter worth $54,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Golden Entertainment in the second quarter valued at $89,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

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.