Golden Entertainment, Inc. (NASDAQ:GDEN) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Golden Entertainment, Inc. has received an average rating of "Moderate Buy" from seven brokerages, with an average twelve-month target price of $34.20.
• The company reported $0.17 earnings per share for the last quarter, exceeding consensus estimates, but had revenues of $163.62 million, below expectations.
• Golden Entertainment declared a quarterly dividend of $0.25 per share, representing a 4.6% yield, while the payout ratio is notably high at 185.19%.

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $34.20.

A number of brokerages have weighed in on GDEN. Citigroup reaffirmed an "outperform" rating on shares of Golden Entertainment in a research report on Tuesday, September 16th. Truist Financial cut shares of Golden Entertainment from a "buy" rating to a "hold" rating and reduced their price target for the company from $36.00 to $34.00 in a research report on Wednesday, July 16th. JMP Securities reduced their price target on shares of Golden Entertainment from $35.00 to $34.00 and set a "market outperform" rating on the stock in a research report on Tuesday, September 16th. Macquarie reduced their price target on shares of Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Golden Entertainment in a research report on Saturday, September 27th.

Golden Entertainment Price Performance

GDEN opened at $21.85 on Wednesday. The company's 50 day simple moving average is $24.83 and its 200 day simple moving average is $26.82. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.03 and a current ratio of 1.12. Golden Entertainment has a 1 year low of $21.81 and a 1 year high of $35.49. The stock has a market capitalization of $571.60 million, a PE ratio of 40.46 and a beta of 1.69.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $163.62 million for the quarter, compared to analysts' expectations of $169.70 million. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. As a group, sell-side analysts expect that Golden Entertainment will post 0.2 EPS for the current year.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Thursday, September 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, September 25th. Golden Entertainment's payout ratio is 185.19%.

Institutional Trading of Golden Entertainment

A number of hedge funds have recently made changes to their positions in GDEN. Raymond James Financial Inc. purchased a new stake in shares of Golden Entertainment during the second quarter valued at approximately $27,000. Parallel Advisors LLC purchased a new stake in shares of Golden Entertainment during the second quarter valued at approximately $35,000. Tower Research Capital LLC TRC raised its stake in shares of Golden Entertainment by 168.0% during 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 period. Inscription Capital LLC purchased a new stake in shares of Golden Entertainment during the first quarter valued at approximately $165,000. Finally, GAMMA Investing LLC raised its stake in shares of Golden Entertainment by 1,136.9% during the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock valued at $178,000 after purchasing an additional 6,185 shares during the period. Hedge funds and other institutional investors own 70.73% of the company's stock.

Golden Entertainment Company Profile

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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