Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $37.00 Average Target Price from Analysts

Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $37.00.

Several research firms have recently commented on GDEN. Macquarie reaffirmed an "outperform" rating and set a $40.00 target price on shares of Golden Entertainment in a report on Friday, February 28th. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, JMP Securities reduced their price target on shares of Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th.

Golden Entertainment Stock Performance

Shares of NASDAQ GDEN traded up $1.16 during trading on Friday, reaching $28.48. The stock had a trading volume of 231,931 shares, compared to its average volume of 236,273. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11. The stock has a market cap of $752.87 million, a PE ratio of 22.97 and a beta of 1.85. Golden Entertainment has a one year low of $22.66 and a one year high of $35.49. The firm's 50 day moving average price is $26.45 and its two-hundred day moving average price is $30.25.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The business had revenue of $160.84 million during the quarter, compared to the consensus estimate of $164.37 million. On average, research analysts forecast that Golden Entertainment will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, June 25th. Golden Entertainment's payout ratio is currently 256.41%.

Institutional Trading of Golden Entertainment

Several institutional investors have recently modified their holdings of GDEN. Lazard Asset Management LLC lifted its holdings in Golden Entertainment by 405.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock valued at $59,000 after acquiring an additional 1,501 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Golden Entertainment by 86.0% during the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after purchasing an additional 1,144 shares during the last quarter. Inscription Capital LLC bought a new stake in Golden Entertainment during the first quarter worth approximately $165,000. GAMMA Investing LLC grew its position in Golden Entertainment by 1,136.9% in the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock worth $178,000 after buying an additional 6,185 shares during the last quarter. Finally, Two Sigma Securities LLC raised its position in shares of Golden Entertainment by 10.9% during the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock worth $228,000 after purchasing an additional 709 shares during the period. Institutional investors and hedge funds 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.