Brokerages Set Golden Entertainment, Inc. (NASDAQ:GDEN) PT at $36.86

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $36.86.

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Jefferies Financial Group boosted their price objective on Golden Entertainment from $31.00 to $32.00 and gave the stock a "hold" rating in a research note on Friday, January 3rd. Macquarie reiterated an "outperform" rating and issued a $40.00 target price on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, JMP Securities reduced their price target on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating on the stock in a research report on Thursday.

Golden Entertainment Trading Up 0.2 %

GDEN traded up $0.04 on Wednesday, reaching $25.56. 142,213 shares of the company's stock were exchanged, compared to its average volume of 243,305. The company has a market cap of $675.68 million, a price-to-earnings ratio of 20.61 and a beta of 1.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. Golden Entertainment has a twelve month low of $22.66 and a twelve month high of $35.49. The company's 50 day moving average is $28.33 and its 200-day moving average is $30.69.

Golden Entertainment Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, March 21st. Golden Entertainment's payout ratio is currently 59.88%.

Institutional Trading of Golden Entertainment

Several institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its position in shares of Golden Entertainment by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock worth $21,288,000 after purchasing an additional 27,508 shares during the last quarter. Barclays PLC increased its holdings in Golden Entertainment by 84.7% in the third quarter. Barclays PLC now owns 48,918 shares of the company's stock valued at $1,556,000 after buying an additional 22,440 shares during the last quarter. Geode Capital Management LLC raised its stake in Golden Entertainment by 4.3% during the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company's stock valued at $18,664,000 after buying an additional 24,264 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company's stock worth $143,000 after buying an additional 317 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Golden Entertainment by 10.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 309,196 shares of the company's stock worth $9,771,000 after buying an additional 30,487 shares during the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

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.