Brokerages Set Golden Entertainment, Inc. (NASDAQ:GDEN) PT at $37.00

Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $37.00.

A number of equities research analysts have commented on GDEN shares. JMP Securities reduced their price objective on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a research note on Thursday, April 17th. Macquarie reissued an "outperform" rating and issued a $40.00 price objective on shares of Golden Entertainment in a research note on Friday, February 28th. Finally, StockNews.com raised Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday.

Institutional Trading of Golden Entertainment

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in Golden Entertainment during the fourth quarter worth $729,000. Sequoia Financial Advisors LLC increased its position in Golden Entertainment by 4.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 673,667 shares of the company's stock worth $21,288,000 after buying an additional 27,508 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Golden Entertainment by 10.9% in the fourth 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. DAVENPORT & Co LLC increased its position in Golden Entertainment by 26.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,293,163 shares of the company's stock worth $40,864,000 after buying an additional 271,782 shares during the last quarter. Finally, III Capital Management increased its position in Golden Entertainment by 26.9% in the fourth quarter. III Capital Management now owns 52,028 shares of the company's stock worth $1,644,000 after buying an additional 11,014 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Trading Down 0.3%

NASDAQ GDEN traded down $0.09 during trading hours on Friday, hitting $29.71. 23,614 shares of the company's stock were exchanged, compared to its average volume of 234,314. The stock has a 50-day simple moving average of $26.44 and a 200 day simple moving average of $30.22. Golden Entertainment has a 1-year low of $22.66 and a 1-year high of $35.49. The firm has a market cap of $785.25 million, a price-to-earnings ratio of 23.95 and a beta of 1.85. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $164.37 million. On average, equities analysts forecast that Golden Entertainment will post 0.2 EPS for the current fiscal year.

Golden Entertainment Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.00 dividend on an annualized basis and a yield of 3.37%. Golden Entertainment's dividend payout ratio (DPR) is currently 256.41%.

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.