Golden Entertainment, Inc. (NASDAQ:GDEN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $35.3333.
GDEN has been the subject of a number of research analyst reports. Macquarie cut their target price on shares of Golden Entertainment from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Wells Fargo & Company dropped their price target on shares of Golden Entertainment from $36.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Truist Financial cut shares of Golden Entertainment from a "buy" rating to a "hold" rating and dropped their price target for the stock from $36.00 to $34.00 in a research note on Wednesday, July 16th. Citigroup reiterated an "outperform" rating on shares of Golden Entertainment in a research note on Friday, July 18th. Finally, JMP Securities dropped their price target on shares of 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.
Get Our Latest Analysis on GDEN
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. DAVENPORT & Co LLC lifted its stake in shares of Golden Entertainment by 3.7% during the 2nd quarter. DAVENPORT & Co LLC now owns 1,484,882 shares of the company's stock valued at $43,818,000 after buying an additional 53,582 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Golden Entertainment by 5.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 868,146 shares of the company's stock valued at $25,550,000 after buying an additional 42,720 shares in the last quarter. Penn Capital Management Company LLC lifted its stake in shares of Golden Entertainment by 29.3% during the 1st quarter. Penn Capital Management Company LLC now owns 674,024 shares of the company's stock valued at $17,827,000 after buying an additional 152,805 shares in the last quarter. Hill Path Capital LP lifted its stake in shares of Golden Entertainment by 477.8% during the 2nd quarter. Hill Path Capital LP now owns 655,625 shares of the company's stock valued at $19,295,000 after buying an additional 542,150 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Golden Entertainment during the 4th quarter valued at $17,704,000. Hedge funds and other institutional investors own 70.73% of the company's stock.
Golden Entertainment Trading Down 0.6%
NASDAQ:GDEN opened at $24.73 on Tuesday. 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 has a 12 month low of $22.66 and a 12 month high of $35.49. The company has a market cap of $646.89 million, a PE ratio of 45.80 and a beta of 1.83. The company has a 50 day simple moving average of $28.64 and a two-hundred day simple moving average of $28.41.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. Golden Entertainment had a net margin of 2.35% and a return on equity of 3.23%. The business had revenue of $163.62 million during the quarter, compared to the consensus estimate of $169.70 million. Research analysts forecast that Golden Entertainment will post 0.2 earnings per share for the current year.
Golden Entertainment Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, September 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.0%. Golden Entertainment's payout ratio is 185.19%.
About Golden Entertainment
(
Get Free Report)
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.
Further Reading
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