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

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $35.3333.

GDEN has been the subject of several recent analyst reports. Macquarie cut their price objective on Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating for the company in a report on Friday, August 8th. JMP Securities dropped their price target on Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating on the stock in a research note on Friday, July 18th. Wall Street Zen upgraded Golden Entertainment from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Wells Fargo & Company dropped their price target on Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Finally, Truist Financial cut Golden Entertainment from a "buy" rating to a "hold" rating and dropped their price target for the company from $36.00 to $34.00 in a research note on Wednesday, July 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GDEN. Renaissance Technologies LLC bought a new stake in shares of Golden Entertainment during the fourth quarter worth about $729,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Golden Entertainment by 27.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,536 shares of the company's stock worth $1,881,000 after acquiring an additional 12,712 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Golden Entertainment by 10.7% in the first quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company's stock worth $37,956,000 after acquiring an additional 138,137 shares during the period. III Capital Management lifted its stake in Golden Entertainment by 26.9% in the fourth quarter. III Capital Management now owns 52,028 shares of the company's stock valued at $1,644,000 after buying an additional 11,014 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in Golden Entertainment by 21.8% in the first quarter. GSA Capital Partners LLP now owns 29,482 shares of the company's stock valued at $778,000 after buying an additional 5,273 shares during the period. Institutional investors own 70.73% of the company's stock.

Golden Entertainment Stock Up 3.9%

NASDAQ GDEN traded up $0.94 during trading hours on Tuesday, reaching $25.30. 177,105 shares of the company's stock were exchanged, compared to its average volume of 229,708. The company's 50-day moving average is $28.41 and its two-hundred day moving average is $28.22. Golden Entertainment has a one year low of $22.66 and a one year high of $35.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.03 and a current ratio of 1.12. The company has a market capitalization of $661.85 million, a price-to-earnings ratio of 46.85 and a beta of 1.83.

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

Golden Entertainment Dividend Announcement

The company 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 4.0%. Golden Entertainment's dividend payout ratio (DPR) is currently 185.19%.

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.