Golden Entertainment, Inc. (NASDAQ:GDEN) Receives $38.20 Consensus PT from Brokerages

05 Oct 2024, 18:15 by Amy Steele · The Cerbat Gem

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN – Get Free Report) have earned an average recommendation of “Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is $37.80.

Several research analysts have recently commented on the company. Truist Financial cut their price objective on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 9th. Macquarie decreased their price target on shares of Golden Entertainment from $41.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday. B. Riley lowered their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, JMP Securities lowered their price target on Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating on the stock in a research report on Friday, August 9th.

View Our Latest Stock Analysis on GDEN

Golden Entertainment Stock Up 1.9 %

GDEN opened at $31.19 on Friday. The firm has a market capitalization of $902.92 million, a P/E ratio of 3.36 and a beta of 2.23. Golden Entertainment has a one year low of $27.42 and a one year high of $42.14. The company has a fifty day moving average price of $31.13 and a 200-day moving average price of $31.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.77 and a quick ratio of 0.73.

Golden Entertainment (NASDAQ:GDEN – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). The business had revenue of $167.33 million for the quarter, compared to analysts’ expectations of $176.34 million. Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. Equities research analysts expect that Golden Entertainment will post 0.23 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.21%. Golden Entertainment’s dividend payout ratio (DPR) is 10.79%.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the completion of the sale, the director now directly owns 82,740 shares of the company’s stock, valued at $2,756,896.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 29.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Golden Entertainment

Large investors have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Golden Entertainment in the second quarter worth approximately $34,000. nVerses Capital LLC bought a new stake in Golden Entertainment in the 2nd quarter worth $37,000. Quarry LP purchased a new position in shares of Golden Entertainment in the second quarter valued at about $52,000. Allspring Global Investments Holdings LLC bought a new position in shares of Golden Entertainment during the second quarter valued at about $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Golden Entertainment during the second quarter valued at about $89,000. 70.73% of the stock is owned by hedge funds and other institutional investors.

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