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

Key Points

• Golden Entertainment, Inc. has received an average recommendation of "Moderate Buy" from seven analysts, with a twelve-month target price of $35.33.
• The company recently announced a quarterly dividend of $0.25, which results in an annualized yield of 4.1% and reflects a high payout ratio of 185.19%.
• In its latest earnings report, Golden Entertainment exceeded analysts' expectations with earnings per share of $0.17, although its revenue of $163.62 million fell short of estimates.

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) have been given an average rating of "Moderate Buy" by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have 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 updated their coverage on the stock in the last year is $35.1667.

GDEN has been the subject of a number of research reports. JMP Securities dropped their target price on shares of Golden Entertainment from $35.00 to $34.00 and set a "market outperform" rating for the company in a report on Tuesday. Macquarie dropped their target price on shares of Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Citigroup reaffirmed an "outperform" rating on shares of Golden Entertainment in a report on Tuesday. Truist Financial lowered shares of Golden Entertainment from a "buy" rating to a "hold" rating and dropped their target price for the stock from $36.00 to $34.00 in a report on Wednesday, July 16th. Finally, Wells Fargo & Company dropped their target price on shares of Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th.

Golden Entertainment Price Performance

NASDAQ GDEN traded up $0.39 on Friday, hitting $24.63. The company had a trading volume of 145,519 shares, compared to its average volume of 146,449. The company has a market capitalization of $644.32 million, a PE ratio of 45.61 and a beta of 1.65. The company's fifty day moving average price is $26.45 and its 200-day moving average price is $27.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.12 and a quick ratio of 1.03. Golden Entertainment has a 12-month low of $22.66 and a 12-month high of $35.49.

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

Golden Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. Golden Entertainment's dividend payout ratio is presently 185.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GDEN. Raymond James Financial Inc. acquired a new position in shares of Golden Entertainment during the 2nd quarter valued at about $27,000. Parallel Advisors LLC acquired a new position in shares of Golden Entertainment during the 2nd quarter valued at about $35,000. Lazard Asset Management LLC boosted its position in shares of Golden Entertainment by 405.7% during 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. Tower Research Capital LLC TRC boosted its position in shares of Golden Entertainment by 168.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company's stock valued at $79,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Inscription Capital LLC acquired a new position in shares of Golden Entertainment during the 1st quarter valued at about $165,000. 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.