Golden Entertainment (NASDAQ:GDEN - Free Report) had its price objective trimmed by Truist Financial from $38.00 to $36.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.
Several other brokerages have also issued reports on GDEN. StockNews.com lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. Macquarie decreased their price target on shares of Golden Entertainment from $41.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. JMP Securities decreased their price target on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating for the company in a research note on Monday, October 14th. Finally, B. Riley decreased their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.20.
Check Out Our Latest Report on GDEN
Golden Entertainment Price Performance
Shares of NASDAQ:GDEN traded down $0.53 during trading on Wednesday, reaching $29.88. The company had a trading volume of 110,156 shares, compared to its average volume of 210,407. The company has a fifty day moving average of $31.23 and a two-hundred day moving average of $31.01. The stock has a market capitalization of $865.00 million, a P/E ratio of 3.22 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 has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.72.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.06). Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. The company had revenue of $167.33 million during the quarter, compared to the consensus estimate of $176.34 million. Equities research analysts forecast that Golden Entertainment will post 0.18 earnings per share for the current year.
Golden Entertainment Dividend Announcement
The firm also recently disclosed 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 3.35%. The ex-dividend date was Tuesday, September 17th. Golden Entertainment's payout ratio is 10.79%.
Insider Buying and Selling
In related news, Director Mark A. Lipparelli sold 773 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the transaction, the director now owns 82,740 shares of the company's stock, valued at approximately $2,756,896.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 29.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Golden Entertainment
Several large investors have recently added to or reduced their stakes in GDEN. Innealta Capital LLC purchased a new position in shares of Golden Entertainment in the second quarter worth $34,000. nVerses Capital LLC purchased a new position in shares of Golden Entertainment in the second quarter worth $37,000. Quarry LP purchased a new position in shares of Golden Entertainment in the second quarter worth $52,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Golden Entertainment in the second quarter worth $54,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Golden Entertainment in the second quarter worth $89,000. Hedge funds and other institutional investors own 70.73% of the company's stock.
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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