JMP Securities Forecasts Strong Price Appreciation for Golden Entertainment (NASDAQ:GDEN) Stock

Golden Entertainment (NASDAQ:GDEN) had its price objective raised by stock analysts at JMP Securities from $35.00 to $36.00 in a report issued on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price objective would suggest a potential upside of 5.48% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. B. Riley decreased their price target on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. 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 note on Friday, November 8th. Finally, Truist Financial dropped their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.20.

Golden Entertainment Trading Up 0.7 %

GDEN traded up $0.25 during mid-day trading on Monday, reaching $34.13. The stock had a trading volume of 5,586 shares, compared to its average volume of 212,903. The firm’s fifty day simple moving average is $31.33 and its two-hundred day simple moving average is $30.75. The stock has a market capitalization of $936.19 million, a P/E ratio of 27.52 and a beta of 2.24. Golden Entertainment has a 52 week low of $27.42 and a 52 week high of $42.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.

Insider Transactions at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the business’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 value of $25,756.36. Following the completion of the transaction, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 29.10% of the company’s stock.

Institutional Trading of Golden Entertainment

A number of institutional investors have recently made changes to their positions in GDEN. Innealta Capital LLC bought a new stake in Golden Entertainment during the 2nd quarter worth about $34,000. nVerses Capital LLC acquired a new stake in shares of Golden Entertainment in the second quarter valued at approximately $37,000. Meeder Asset Management Inc. bought a new position in shares of Golden Entertainment during the 3rd quarter worth approximately $42,000. Quarry LP acquired a new position in shares of Golden Entertainment during the 2nd quarter worth approximately $52,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Golden Entertainment in the 2nd quarter valued at $54,000. Institutional investors own 70.73% of the company’s stock.

About Golden Entertainment

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.