Golden Entertainment, Inc. (NASDAQ:GDEN) Receives Average Recommendation of "Moderate Buy" from Brokerages

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 assigned an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $35.3333.

A number of brokerages have recently issued reports on GDEN. Citigroup reaffirmed an "outperform" rating on shares of Golden Entertainment in a report on Friday, July 18th. Truist Financial downgraded Golden Entertainment from a "buy" rating to a "hold" rating and lowered their price target for the company from $36.00 to $34.00 in a report on Wednesday, July 16th. Wells Fargo & Company lowered their price target on Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Macquarie lowered their target price on Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Finally, JMP Securities lowered their target price on Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a report on Friday, July 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Golden Entertainment in the second quarter worth about $27,000. Parallel Advisors LLC bought a new position in shares of Golden Entertainment in the second quarter worth about $35,000. Lazard Asset Management LLC raised its stake in shares of Golden Entertainment by 405.7% in the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock worth $59,000 after buying an additional 1,501 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Golden Entertainment by 168.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,680 shares of the company's stock worth $79,000 after buying an additional 1,680 shares during the period. Finally, Inscription Capital LLC bought a new position in shares of Golden Entertainment in the first quarter worth about $165,000. Institutional investors own 70.73% of the company's stock.

Golden Entertainment Trading Down 1.7%

NASDAQ GDEN opened at $24.40 on Friday. Golden Entertainment has a 12 month low of $22.66 and a 12 month high of $35.49. The stock has a market cap of $638.30 million, a P/E ratio of 45.19 and a beta of 1.65. The stock's fifty day moving average price is $26.99 and its 200-day moving average price is $27.40. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.95.

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

Golden Entertainment Announces Dividend

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

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.

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