Golden Entertainment, Inc. (NASDAQ:GDEN) Given Consensus Recommendation of “Buy” by Brokerages

Golden Entertainment, Inc. (NASDAQ:GDEN) has been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.20.

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

Golden Entertainment Stock Up 0.7 %

Shares of NASDAQ:GDEN opened at $33.62 on Thursday. The firm’s 50-day moving average is $31.77 and its two-hundred day moving average is $31.02. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. Golden Entertainment has a 1 year low of $27.42 and a 1 year high of $42.14. The firm has a market capitalization of $922.20 million, a PE ratio of 27.11 and a beta of 2.22.

Golden Entertainment Dividend Announcement

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment’s dividend payout ratio (DPR) is 80.65%.

Insider Transactions at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the transaction, the director now owns 82,740 shares in the company, valued at $2,756,896.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 29.10% of the company’s stock.

Institutional Trading of Golden Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Golden Entertainment during the 2nd quarter worth $34,000. nVerses Capital LLC acquired a new stake in shares of Golden Entertainment during the second quarter worth about $37,000. Meeder Asset Management Inc. purchased a new position in shares of Golden Entertainment during the third quarter worth about $42,000. Quarry LP purchased a new position in shares of Golden Entertainment during the second quarter worth about $52,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Golden Entertainment in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds 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.