Golden Entertainment (NASDAQ:GDEN) Price Target Lowered to $44.00 at Truist Financial

Golden Entertainment (NASDAQ:GDEN - Free Report) had its price target reduced by Truist Financial from $45.00 to $44.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on GDEN. JMP Securities reduced their price objective on Golden Entertainment from $48.00 to $45.00 and set a market outperform rating on the stock in a research note on Friday, March 1st. StockNews.com cut Golden Entertainment from a buy rating to a hold rating in a research note on Monday, March 4th.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock traded up $0.19 during trading hours on Tuesday, hitting $34.86. The company's stock had a trading volume of 131,715 shares, compared to its average volume of 146,034. The business has a 50 day moving average price of $35.28 and a two-hundred day moving average price of $36.60. Golden Entertainment has a 12-month low of $30.38 and a 12-month high of $47.49. The company has a market cap of $1.01 billion, a PE ratio of 4.23 and a beta of 2.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35.

Golden Entertainment (NASDAQ:GDEN - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.07). Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. The business had revenue of $230.69 million during the quarter, compared to analysts' expectations of $228.75 million. Analysts expect that Golden Entertainment will post 1.21 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, March 15th. Golden Entertainment's payout ratio is presently 12.08%.

Hedge Funds Weigh In On Golden Entertainment

A number of large investors have recently made changes to their positions in GDEN. Allspring Global Investments Holdings LLC grew its position in Golden Entertainment by 86.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company's stock worth $36,000 after purchasing an additional 487 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Golden Entertainment by 44.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company's stock valued at $171,000 after buying an additional 1,549 shares in the last quarter. Inscription Capital LLC purchased a new position in Golden Entertainment in the 1st quarter valued at about $226,000. MGO One Seven LLC lifted its stake in Golden Entertainment by 13.3% in the 3rd quarter. MGO One Seven LLC now owns 9,897 shares of the company's stock valued at $338,000 after buying an additional 1,164 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in Golden Entertainment by 56.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,649 shares of the company's stock valued at $364,000 after buying an additional 3,842 shares in the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

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.