Golden Entertainment (NASDAQ:GDEN) Price Target Raised to $32.00

Golden Entertainment (NASDAQ:GDEN) had its price objective upped by Jefferies Financial Group from $31.00 to $32.00 in a research report released on Friday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts have also issued reports on GDEN. Truist Financial lowered their price target 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. B. Riley decreased their price objective on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Wells Fargo & Company assumed coverage on Golden Entertainment in a report on Monday, December 16th. They set an “overweight” rating and a $38.00 price objective on the stock. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, Macquarie decreased their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.57.

Golden Entertainment Trading Up 0.9 %

Shares of GDEN opened at $31.40 on Friday. Golden Entertainment has a 12-month low of $27.42 and a 12-month high of $40.55. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $861.27 million, a price-to-earnings ratio of 25.32 and a beta of 2.22. The stock’s 50-day moving average price is $32.25 and its 200 day moving average price is $31.25.

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. This represents a $1.00 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment’s dividend payout ratio is 80.65%.

Insiders Place Their Bets

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the transaction, the director now owns 61,616 shares of the company’s stock, valued at approximately $1,926,116.16. This represents a 21.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 29.10% of the company’s stock.

Institutional Trading of Golden Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in shares of Golden Entertainment during the 2nd quarter valued at $37,000. Meeder Asset Management Inc. bought a new stake in shares of Golden Entertainment during the 3rd quarter valued at $42,000. Quarry LP bought a new stake in shares of Golden Entertainment during the 2nd quarter valued at $52,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Golden Entertainment during the 2nd quarter valued at $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Golden Entertainment during the 2nd quarter valued at $89,000. 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.