Golden Entertainment (NASDAQ:GDEN - Free Report) had its target price lowered by Deutsche Bank Aktiengesellschaft from $42.00 to $36.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.
A number of other research analysts also recently weighed in on GDEN. JMP Securities cut 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 downgraded Golden Entertainment from a buy rating to a hold rating in a research note on Monday, March 4th. B. Riley assumed coverage on Golden Entertainment in a report on Friday, April 26th. They issued a buy rating and a $46.00 target price on the stock. Finally, Truist Financial lowered their target price on Golden Entertainment from $45.00 to $44.00 and set a buy rating on the stock in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Golden Entertainment has a consensus rating of Moderate Buy and a consensus target price of $42.75.
Check Out Our Latest Research Report on GDEN
Golden Entertainment Stock Up 5.9 %
Golden Entertainment stock traded up $1.80 during mid-day trading on Thursday, hitting $32.45. The company's stock had a trading volume of 732,917 shares, compared to its average volume of 165,367. The firm's 50 day moving average is $34.09 and its 200 day moving average is $36.44. The company has a market cap of $939.40 million, a PE ratio of 3.91 and a beta of 2.26. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.35 and a quick ratio of 2.30. Golden Entertainment has a 52-week low of $30.35 and a 52-week high of $47.49.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.07). Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. The firm had revenue of $230.69 million for the quarter, compared to analysts' expectations of $228.75 million. On average, analysts anticipate that Golden Entertainment will post 1.13 earnings per share for the current year.
Golden Entertainment Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Monday, March 18th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.08%. Golden Entertainment's dividend payout ratio (DPR) is presently 12.08%.
Hedge Funds Weigh In On Golden Entertainment
Several hedge funds and other institutional investors have recently modified their holdings of GDEN. SummerHaven Investment Management LLC raised its position in Golden Entertainment by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 17,356 shares of the company's stock valued at $693,000 after purchasing an additional 265 shares during the last quarter. New York State Teachers Retirement System raised its position in Golden Entertainment by 6.7% in the 1st quarter. New York State Teachers Retirement System now owns 6,272 shares of the company's stock valued at $231,000 after purchasing an additional 394 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Golden Entertainment by 86.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company's stock valued at $36,000 after purchasing an additional 487 shares during the last quarter. Swiss National Bank raised its position in Golden Entertainment by 1.1% in the 3rd quarter. Swiss National Bank now owns 47,600 shares of the company's stock valued at $1,627,000 after purchasing an additional 500 shares during the last quarter. Finally, Beacon Investment Advisors LLC raised its position in Golden Entertainment by 2.0% in the 3rd quarter. Beacon Investment Advisors LLC now owns 43,679 shares of the company's stock valued at $1,493,000 after purchasing an additional 868 shares during the last quarter. Institutional investors own 70.73% of the company's stock.
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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