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

Golden Entertainment, Inc. (NASDAQ:GDEN) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $36.57.

A number of research firms have recently commented on GDEN. Wells Fargo & Company began coverage on shares of Golden Entertainment in a research report on Monday, December 16th. They issued an “overweight” rating and a $38.00 price objective for the company. Jefferies Financial Group raised their price target on shares of Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a report on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 price target on shares of Golden Entertainment in a report on Thursday, January 16th. Macquarie dropped their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Truist Financial reduced their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd.

Insider Activity at Golden Entertainment

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. purchased a new stake in Golden Entertainment during the second quarter valued at about $1,848,000. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 82,175 shares during the period. Hsbc Holdings PLC bought a new position in Golden Entertainment during the 2nd quarter worth approximately $228,000. Sei Investments Co. increased its stake in Golden Entertainment by 41.9% in the 2nd quarter. Sei Investments Co. now owns 91,161 shares of the company’s stock worth $2,836,000 after purchasing an additional 26,903 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Golden Entertainment in the second quarter valued at approximately $1,537,000. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

Golden Entertainment stock opened at $32.32 on Friday. The firm has a market capitalization of $886.54 million, a P/E ratio of 26.06 and a beta of 2.21. Golden Entertainment has a one year low of $27.42 and a one year high of $39.92. 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 business has a fifty day moving average price of $32.37 and a 200-day moving average price of $31.62.

Golden Entertainment (NASDAQ:GDEN) last issued its earnings results on Thursday, November 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.10 by $0.08. Golden Entertainment had a return on equity of 0.69% and a net margin of 5.23%. The business had revenue of $161.23 million during the quarter, compared to the consensus estimate of $162.22 million. During the same quarter last year, the company earned ($0.02) EPS. As a group, equities research analysts forecast that Golden Entertainment will post 0.2 EPS for the current year.

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.