Brokerages Set Golden Entertainment, Inc. (NASDAQ:GDEN) Target Price at $36.50

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $36.50.

GDEN has been the subject of several analyst reports. Citigroup reaffirmed an "outperform" rating on shares of Golden Entertainment in a research note on Friday, July 18th. Truist Financial lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating and cut their target price for the stock from $36.00 to $34.00 in a research report on Wednesday, July 16th. Wall Street Zen raised shares of Golden Entertainment from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, JMP Securities cut their target price on shares of Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating for the company in a research report on Friday, July 18th.

Golden Entertainment Stock Up 3.3%

Shares of GDEN stock traded up $0.94 on Friday, hitting $29.34. The company's stock had a trading volume of 241,197 shares, compared to its average volume of 193,591. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.95 and a quick ratio of 0.87. Golden Entertainment has a fifty-two week low of $22.66 and a fifty-two week high of $35.49. The firm's fifty day moving average price is $29.06 and its 200-day moving average price is $29.10. The stock has a market capitalization of $775.46 million, a price-to-earnings ratio of 75.23 and a beta of 1.79.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Golden Entertainment had a net margin of 1.72% and a return on equity of 3.10%. The business had revenue of $160.84 million during the quarter, compared to analyst estimates of $164.37 million. Research analysts anticipate that Golden Entertainment will post 0.2 EPS for the current year.

Golden Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Wednesday, June 25th. Golden Entertainment's dividend payout ratio is currently 256.41%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Beacon Investment Advisors LLC increased its stake in Golden Entertainment by 0.8% in the fourth quarter. Beacon Investment Advisors LLC now owns 44,559 shares of the company's stock valued at $1,408,000 after acquiring an additional 333 shares during the period. State of Alaska Department of Revenue increased its stake in Golden Entertainment by 3.5% in the second quarter. State of Alaska Department of Revenue now owns 11,792 shares of the company's stock valued at $346,000 after acquiring an additional 397 shares during the period. SummerHaven Investment Management LLC increased its stake in Golden Entertainment by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 26,706 shares of the company's stock valued at $705,000 after acquiring an additional 439 shares during the period. Invesco Ltd. increased its stake in Golden Entertainment by 0.4% in the first quarter. Invesco Ltd. now owns 109,805 shares of the company's stock valued at $2,898,000 after acquiring an additional 479 shares during the period. Finally, Gabelli Funds LLC increased its stake in Golden Entertainment by 0.3% in the first quarter. Gabelli Funds LLC now owns 173,000 shares of the company's stock valued at $4,565,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 70.73% of the company's stock.

About Golden Entertainment

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.