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

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $36.86.

A number of research firms have commented on GDEN. Macquarie reissued an “outperform” rating and set a $40.00 price target on shares of Golden Entertainment in a report on Friday, February 28th. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Jefferies Financial Group upped their price target on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $36.00 price objective on shares of Golden Entertainment in a report on Thursday, January 16th.

Golden Entertainment Stock Performance

GDEN opened at $25.12 on Wednesday. The company has a 50 day simple moving average of $28.77 and a two-hundred day simple moving average of $30.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. The firm has a market cap of $665.96 million, a P/E ratio of 20.26 and a beta of 1.99. Golden Entertainment has a 1-year low of $22.66 and a 1-year high of $35.49.

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Friday, March 21st. Golden Entertainment’s payout ratio is 59.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC increased its stake in Golden Entertainment by 405.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company’s stock worth $59,000 after acquiring an additional 1,501 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Golden Entertainment by 86.0% during the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock valued at $78,000 after purchasing an additional 1,144 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after purchasing an additional 317 shares during the last quarter. GAMMA Investing LLC lifted its position in Golden Entertainment by 1,136.9% in the first quarter. GAMMA Investing LLC now owns 6,729 shares of the company’s stock worth $178,000 after buying an additional 6,185 shares during the last quarter. Finally, Two Sigma Securities LLC lifted its position in Golden Entertainment by 10.9% in the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company’s stock worth $228,000 after buying an additional 709 shares during the last quarter. 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.