Golden Entertainment (NASDAQ:GDEN) Price Target Lowered to $44.00 at Truist Financial

Golden Entertainment (NASDAQ:GDEN) had its price objective reduced by investment analysts at Truist Financial from $45.00 to $44.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 27.54% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Monday, March 4th. JMP Securities cut their target price on Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a report on Friday, March 1st.

Golden Entertainment Price Performance

Golden Entertainment stock opened at $34.50 on Tuesday. The company has a market capitalization of $998.74 million, a PE ratio of 4.17 and a beta of 2.25. The company has a current ratio of 2.35, a quick ratio of 2.30 and a debt-to-equity ratio of 1.22. The stock has a 50-day moving average price of $35.14 and a two-hundred day moving average price of $36.60. Golden Entertainment has a 12 month low of $30.38 and a 12 month high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. The business had revenue of $230.69 million during the quarter, compared to the consensus estimate of $228.75 million. Analysts expect that Golden Entertainment will post 1.21 EPS for the current year.

Hedge Funds Weigh In On Golden Entertainment

Hedge funds have recently bought and sold shares of the company. Inscription Capital LLC bought a new stake in Golden Entertainment in the first quarter worth approximately $226,000. Gabelli Funds LLC grew its position in shares of Golden Entertainment by 12.0% during the 4th quarter. Gabelli Funds LLC now owns 169,000 shares of the company’s stock worth $6,748,000 after buying an additional 18,128 shares during the period. RK Capital Management LLC increased its stake in shares of Golden Entertainment by 18.7% in the 4th quarter. RK Capital Management LLC now owns 210,100 shares of the company’s stock valued at $8,389,000 after acquiring an additional 33,100 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Golden Entertainment during the 4th quarter valued at $386,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Golden Entertainment during the fourth quarter worth $1,216,000. 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.