Truist Financial cut shares of Golden Entertainment (NASDAQ:GDEN - Free Report) from a buy rating to a hold rating in a research note published on Wednesday, MarketBeat.com reports. Truist Financial currently has $34.00 target price on the stock, down from their previous target price of $36.00.
Several other analysts have also recently commented on the company. JMP Securities lowered their price target on Golden Entertainment from $37.00 to $36.00 and set a "market outperform" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded Golden Entertainment from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.50.
Check Out Our Latest Research Report on Golden Entertainment
Golden Entertainment Price Performance
Golden Entertainment stock traded down $0.36 during midday trading on Wednesday, reaching $28.88. 36,821 shares of the company were exchanged, compared to its average volume of 212,303. The company has a market capitalization of $763.30 million, a price-to-earnings ratio of 74.28 and a beta of 1.79. The firm's 50-day simple moving average is $29.07 and its 200-day simple moving average is $29.20. Golden Entertainment has a 1 year low of $22.66 and a 1 year high of $35.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.95.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company had revenue of $160.84 million for the quarter, compared to analysts' expectations of $164.37 million. Golden Entertainment had a return on equity of 3.10% and a net margin of 1.72%. On average, analysts anticipate that Golden Entertainment will post 0.2 EPS for the current year.
Golden Entertainment Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.46%. The ex-dividend date was Wednesday, June 25th. Golden Entertainment's dividend payout ratio (DPR) is presently 256.41%.
Hedge Funds Weigh In On Golden Entertainment
Several hedge funds and other institutional investors have recently bought and sold shares of GDEN. Vanguard Group Inc. raised its position in shares of Golden Entertainment by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,490,019 shares of the company's stock valued at $47,085,000 after purchasing an additional 57,285 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Golden Entertainment by 10.7% in the 1st quarter. DAVENPORT & Co LLC now owns 1,431,300 shares of the company's stock valued at $37,956,000 after purchasing an additional 138,137 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Golden Entertainment by 9.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 825,426 shares of the company's stock valued at $21,783,000 after purchasing an additional 70,175 shares in the last quarter. Penn Capital Management Company LLC raised its position in shares of Golden Entertainment by 29.3% in the 1st quarter. Penn Capital Management Company LLC now owns 674,024 shares of the company's stock valued at $17,827,000 after purchasing an additional 152,805 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Golden Entertainment in the 4th quarter valued at approximately $17,704,000. 70.73% of the stock is owned by institutional investors and hedge funds.
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.
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