Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $32.60 Average Price Target from Analysts

Golden Entertainment, Inc. (NASDAQ:GDEN) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.60.

GDEN has been the topic of a number of analyst reports. Citizens Jmp lowered Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th. Truist Financial raised their target price on shares of Golden Entertainment from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, November 7th. JMP Securities decreased their price target on shares of Golden Entertainment from $35.00 to $34.00 and set a “market outperform” rating for the company in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Golden Entertainment in a report on Monday, December 22nd. Finally, Citigroup reissued an “outperform” rating on shares of Golden Entertainment in a research report on Tuesday, September 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Golden Entertainment in the 2nd quarter valued at about $27,000. Parallel Advisors LLC acquired a new position in Golden Entertainment in the second quarter valued at approximately $35,000. Tower Research Capital LLC TRC increased its stake in Golden Entertainment by 168.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company’s stock valued at $79,000 after purchasing an additional 1,680 shares during the last quarter. Creative Planning purchased a new position in Golden Entertainment in the second quarter valued at approximately $201,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Golden Entertainment during the second quarter worth approximately $210,000. 70.73% of the stock is owned by institutional investors and hedge funds.

Golden Entertainment Stock Performance

Shares of GDEN stock opened at $27.07 on Monday. The firm has a 50 day moving average of $26.79 and a two-hundred day moving average of $26.51. The stock has a market capitalization of $708.69 million, a PE ratio of 150.39 and a beta of 1.52. The company has a quick ratio of 1.02, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. Golden Entertainment has a 52 week low of $19.57 and a 52 week high of $35.49.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.10). Golden Entertainment had a net margin of 0.85% and a return on equity of 1.20%. The company had revenue of $154.82 million during the quarter, compared to analyst estimates of $157.21 million. On average, research analysts predict that Golden Entertainment will post 0.2 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, December 22nd. Golden Entertainment’s dividend payout ratio is 555.56%.

Golden Entertainment Company Profile

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.