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

Golden Entertainment (NASDAQ:GDEN) had its target price decreased by Truist Financial from $45.00 to $44.00 in a research report released on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research analysts have also weighed in on GDEN. StockNews.com lowered shares of Golden Entertainment from a buy rating to a hold rating in a research report on Monday, March 4th. JMP Securities dropped their price target on shares of Golden Entertainment from $48.00 to $45.00 and set a market outperform rating on the stock in a research report on Friday, March 1st.

Golden Entertainment Stock Up 0.5 %

Golden Entertainment stock opened at $34.86 on Tuesday. Golden Entertainment has a 1-year low of $30.38 and a 1-year high of $47.49. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 4.21 and a beta of 2.25. The firm’s fifty day moving average price is $35.21 and its two-hundred day moving average price is $36.61. The company has a current ratio of 2.35, a quick ratio of 2.30 and a debt-to-equity ratio of 1.22.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings data 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 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 the consensus estimate of $228.75 million. On average, equities research analysts predict that Golden Entertainment will post 1.21 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Monday, March 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.00 annualized dividend and a yield of 2.87%. Golden Entertainment’s dividend payout ratio is currently 12.08%.

Hedge Funds Weigh In On Golden Entertainment

Several hedge funds have recently bought and sold shares of GDEN. SummerHaven Investment Management LLC grew its stake in Golden Entertainment by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 17,356 shares of the company’s stock worth $693,000 after buying an additional 265 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Golden Entertainment by 86.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Golden Entertainment by 1.1% in the 3rd quarter. Swiss National Bank now owns 47,600 shares of the company’s stock worth $1,627,000 after acquiring an additional 500 shares during the last quarter. Teton Advisors Inc. lifted its holdings in shares of Golden Entertainment by 0.7% in the 3rd quarter. Teton Advisors Inc. now owns 121,500 shares of the company’s stock worth $4,153,000 after acquiring an additional 800 shares during the last quarter. Finally, Beacon Investment Advisors LLC lifted its holdings in shares of Golden Entertainment by 2.0% in the 3rd quarter. Beacon Investment Advisors LLC now owns 43,679 shares of the company’s stock worth $1,493,000 after acquiring an additional 868 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

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.