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

Golden Entertainment, Inc. (NASDAQ:GDEN) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.86.

A number of equities analysts have issued reports on GDEN shares. JMP Securities restated a “market outperform” rating and issued a $36.00 price objective on shares of Golden Entertainment in a research report on Thursday, January 16th. Macquarie reaffirmed an “outperform” rating and set a $40.00 price target on shares of Golden Entertainment in a research report on Friday, February 28th. Jefferies Financial Group increased their price objective on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company started coverage on Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 price target for the company.

Golden Entertainment Trading Down 1.7 %

Shares of GDEN stock opened at $27.29 on Friday. The business has a 50-day moving average of $30.98 and a 200 day moving average of $31.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03. Golden Entertainment has a 1-year low of $25.17 and a 1-year high of $36.92. The stock has a market capitalization of $723.49 million, a PE ratio of 22.01 and a beta of 2.29.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. Golden Entertainment’s dividend payout ratio (DPR) is 59.88%.

Institutional Trading of Golden Entertainment

A number of hedge funds have recently modified their holdings of GDEN. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 317 shares during the period. HighTower Advisors LLC increased its stake in shares of Golden Entertainment by 1.9% during the third quarter. HighTower Advisors LLC now owns 17,580 shares of the company’s stock valued at $557,000 after purchasing an additional 333 shares in the last quarter. Beacon Investment Advisors LLC lifted its holdings in shares of Golden Entertainment by 0.8% during the fourth quarter. Beacon Investment Advisors LLC now owns 44,559 shares of the company’s stock valued at $1,408,000 after purchasing an additional 333 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Golden Entertainment by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock worth $268,000 after purchasing an additional 402 shares in the last quarter. Finally, Two Sigma Securities LLC boosted its position in shares of Golden Entertainment by 10.9% in the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company’s stock worth $228,000 after purchasing an additional 709 shares in 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.