Brokerages Set Golden Entertainment, Inc. (NASDAQ:GDEN) Price Target at $36.57

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $36.86.

Several research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Golden Entertainment in a report on Monday, December 16th. They set an “overweight” rating and a $38.00 price objective on the stock. Macquarie reiterated an “outperform” rating and set a $40.00 price objective on shares of Golden Entertainment in a report on Friday. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday. 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. Finally, JMP Securities restated a “market outperform” rating and issued a $36.00 price target on shares of Golden Entertainment in a report on Thursday, January 16th.

Insider Buying and Selling at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were 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 trade represents a 21.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 29.10% of the stock is owned by corporate insiders.

Institutional Trading of Golden Entertainment

Several large investors have recently bought and sold shares of GDEN. Bernzott Capital Advisors grew its position in Golden Entertainment by 7.9% in the third quarter. Bernzott Capital Advisors now owns 247,632 shares of the company’s stock valued at $7,872,000 after acquiring an additional 18,233 shares in the last quarter. New York State Teachers Retirement System grew its position in Golden Entertainment by 6.4% in the third quarter. New York State Teachers Retirement System now owns 8,230 shares of the company’s stock valued at $262,000 after acquiring an additional 494 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Golden Entertainment in the third quarter valued at approximately $875,000. Empowered Funds LLC grew its position in shares of Golden Entertainment by 5.0% during the third quarter. Empowered Funds LLC now owns 8,420 shares of the company’s stock worth $268,000 after buying an additional 402 shares in the last quarter. Finally, Accredited Investors Inc. acquired a new stake in shares of Golden Entertainment during the third quarter worth approximately $374,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

Golden Entertainment Trading Up 0.8 %

Shares of GDEN stock opened at $31.09 on Tuesday. The firm has a market cap of $852.77 million, a P/E ratio of 25.07 and a beta of 2.21. Golden Entertainment has a 1-year low of $27.42 and a 1-year high of $37.30. 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 firm’s 50-day simple moving average is $32.24 and its 200-day simple moving average is $31.89.

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, March 21st. Golden Entertainment’s dividend payout ratio (DPR) is 80.65%.

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.