Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $32.75 Average PT from Analysts

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.75.

Several equities analysts have issued reports on the company. Citizens Jmp downgraded Golden Entertainment from a “market outperform” rating to a “hold” rating in a research report on Friday, November 7th. Zacks Research raised Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Golden Entertainment in a research report on Monday, December 29th. Truist Financial raised their price objective on shares of Golden Entertainment from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company reaffirmed a “sell” rating and issued a $30.00 target price (down from $34.00) on shares of Golden Entertainment in a research note on Thursday, November 6th.

Golden Entertainment Stock Up 1.0%

Shares of NASDAQ GDEN opened at $28.13 on Friday. Golden Entertainment has a 52-week low of $19.57 and a 52-week high of $35.49. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.02 and a current ratio of 1.10. The business has a fifty day moving average of $28.23 and a two-hundred day moving average of $26.34. The stock has a market cap of $736.44 million, a PE ratio of 156.28 and a beta of 1.50.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.10). The firm had revenue of $154.82 million for the quarter, compared to the consensus estimate of $157.21 million. Golden Entertainment had a return on equity of 1.20% and a net margin of 0.85%. As a group, equities research analysts expect that Golden Entertainment will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, December 22nd. Golden Entertainment’s payout ratio is 555.56%.

Institutional Investors Weigh In On Golden Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Golden Entertainment by 45.4% in the fourth quarter. SG Americas Securities LLC now owns 15,482 shares of the company’s stock valued at $421,000 after acquiring an additional 4,833 shares during the last quarter. Dark Forest Capital Management LP lifted its position in Golden Entertainment by 26.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 41,129 shares of the company’s stock valued at $970,000 after purchasing an additional 8,603 shares during the period. Prelude Capital Management LLC boosted its stake in shares of Golden Entertainment by 37.7% in the 3rd quarter. Prelude Capital Management LLC now owns 104,776 shares of the company’s stock valued at $2,471,000 after purchasing an additional 28,665 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Golden Entertainment by 844.2% in the 3rd quarter. Millennium Management LLC now owns 94,920 shares of the company’s stock valued at $2,238,000 after purchasing an additional 84,867 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Golden Entertainment during the 3rd quarter worth approximately $2,369,000. 70.73% of the stock is owned by institutional investors and hedge funds.

About Golden Entertainment

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.