Golden Entertainment (NASDAQ:GDEN) Price Target Raised to $36.00 at JMP Securities

Golden Entertainment (NASDAQ:GDEN) had its target price hoisted by JMP Securities from $35.00 to $36.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Several other research firms have also weighed in on GDEN. Truist Financial reduced their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. B. Riley cut 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. Finally, Macquarie cut their price target on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Golden Entertainment has a consensus rating of “Moderate Buy” and an average price target of $37.20.

Golden Entertainment Stock Performance

GDEN stock opened at $33.26 on Monday. The business’s 50-day moving average price is $31.39 and its two-hundred day moving average price is $30.81. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The firm has a market cap of $912.32 million, a PE ratio of 26.82 and a beta of 2.24. Golden Entertainment has a 1-year low of $27.42 and a 1-year high of $42.14.

Golden Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, December 20th. Golden Entertainment’s dividend payout ratio is currently 80.65%.

Insider Activity at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $33.32, for a total value of $25,756.36. Following the sale, the director now owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Golden Entertainment

A number of institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its position in shares of Golden Entertainment by 25.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 7,254 shares of the company’s stock valued at $267,000 after purchasing an additional 1,480 shares during the last quarter. Vanguard Group Inc. lifted its stake in Golden Entertainment by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,588,940 shares of the company’s stock worth $58,521,000 after purchasing an additional 14,957 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Golden Entertainment during the first quarter worth $214,000. SG Americas Securities LLC bought a new stake in Golden Entertainment during the second quarter worth $263,000. Finally, Assenagon Asset Management S.A. lifted its stake in Golden Entertainment by 2,745.8% during the second quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock worth $5,698,000 after purchasing an additional 176,720 shares during the last quarter. Institutional investors and hedge funds 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.