Golden Entertainment (NASDAQ:GDEN) Given New $36.00 Price Target at JMP Securities

Golden Entertainment (NASDAQ:GDEN - Get Free Report) had its target price cut by equities research analysts at JMP Securities from $37.00 to $36.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' price target points to a potential upside of 36.57% from the stock's previous close.

A number of other research analysts also recently commented on GDEN. Jefferies Financial Group raised their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a "hold" rating in a research report on Friday, January 3rd. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Macquarie reissued an "outperform" rating and issued a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Golden Entertainment has a consensus rating of "Moderate Buy" and an average target price of $36.86.

Golden Entertainment Trading Up 3.7 %

Shares of NASDAQ GDEN traded up $0.94 during trading hours on Thursday, reaching $26.36. The stock had a trading volume of 222,328 shares, compared to its average volume of 222,631. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The business's fifty day moving average price is $28.18 and its two-hundred day moving average price is $30.65. The firm has a market cap of $696.83 million, a price-to-earnings ratio of 21.26 and a beta of 1.99. Golden Entertainment has a 52-week low of $22.66 and a 52-week high of $35.49.

Institutional Investors Weigh In On Golden Entertainment

Large investors have recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in Golden Entertainment by 405.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company's stock valued at $59,000 after purchasing an additional 1,501 shares during the period. Meeder Asset Management Inc. increased its holdings in Golden Entertainment by 86.0% in the fourth quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company's stock valued at $78,000 after buying an additional 1,144 shares in the last quarter. Inscription Capital LLC acquired a new position in shares of Golden Entertainment in the first quarter worth about $165,000. GAMMA Investing LLC grew its position in shares of Golden Entertainment by 1,136.9% during the 1st quarter. GAMMA Investing LLC now owns 6,729 shares of the company's stock valued at $178,000 after acquiring an additional 6,185 shares during the period. Finally, Two Sigma Securities LLC increased its stake in shares of Golden Entertainment by 10.9% in the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company's stock valued at $228,000 after purchasing an additional 709 shares in the last quarter. Hedge funds and other institutional investors 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.