Brokerages Set Golden Entertainment, Inc. (NASDAQ:GDEN) PT at $37.20

Golden Entertainment, Inc. (NASDAQ:GDEN) has received an average recommendation of “Buy” from the five research firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $37.20.

A number of research analysts recently weighed in on the company. Truist Financial cut their price objective on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. JMP Securities boosted their price objective on shares of Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Monday, November 25th. Macquarie decreased their price objective on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, November 8th. B. Riley dropped their target price on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, StockNews.com upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Friday, December 6th.

Golden Entertainment Trading Up 0.6 %

Shares of NASDAQ GDEN opened at $33.19 on Thursday. The business has a 50 day simple moving average of $31.86 and a 200 day simple moving average of $31.08. Golden Entertainment has a 52 week low of $27.42 and a 52 week high of $42.14. The stock has a market cap of $910.26 million, a price-to-earnings ratio of 26.76 and a beta of 2.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 3.01%. Golden Entertainment’s dividend payout ratio is currently 80.65%.

Insider Activity at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the sale, the director now owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 29.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Golden Entertainment

A number of large investors have recently bought and sold shares of GDEN. Innealta Capital LLC bought a new position in Golden Entertainment in the second quarter valued at approximately $34,000. nVerses Capital LLC bought a new position in shares of Golden Entertainment in the second quarter valued at $37,000. Meeder Asset Management Inc. acquired a new position in Golden Entertainment during the third quarter worth $42,000. Quarry LP bought a new stake in Golden Entertainment during the second quarter worth $52,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Golden Entertainment in the second quarter valued at $54,000. Institutional investors and hedge funds 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.