Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) Price Target at $37.00

Golden Entertainment, Inc. (NASDAQ:GDEN) has been assigned a consensus rating of “Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $37.00.

A number of research analysts have recently commented on the stock. Macquarie reduced their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. B. Riley decreased their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Truist Financial lowered their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, JMP Securities reduced their price target on Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating for the company in a report on Monday, October 14th.

Insider Buying and Selling

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,756,896.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 29.10% of the company’s stock.

Institutional Investors Weigh In On Golden Entertainment

A number of institutional investors have recently made changes to their positions in GDEN. William Blair Investment Management LLC lifted its stake in Golden Entertainment by 132.1% during the second quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock worth $46,251,000 after purchasing an additional 846,269 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Golden Entertainment by 2,745.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock worth $5,698,000 after buying an additional 176,720 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of Golden Entertainment by 78.2% in the 2nd quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock valued at $8,805,000 after buying an additional 124,218 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Golden Entertainment by 100.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company’s stock valued at $5,089,000 after buying an additional 82,175 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its stake in Golden Entertainment by 43.0% during the second quarter. Peregrine Capital Management LLC now owns 248,875 shares of the company’s stock worth $7,743,000 after acquiring an additional 74,867 shares during the period. 70.73% of the stock is currently owned by institutional investors.

Golden Entertainment Stock Up 0.6 %

NASDAQ GDEN opened at $33.88 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.75. Golden Entertainment has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. The business has a 50 day moving average price of $31.33 and a two-hundred day moving average price of $30.75. The stock has a market cap of $929.33 million, a PE ratio of 27.32 and a beta of 2.24.

Golden Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a $0.25 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.95%. Golden Entertainment’s dividend payout ratio (DPR) is presently 80.65%.

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.