Golden Entertainment (NASDAQ:GDEN) Given New $38.00 Price Target at Macquarie

Golden Entertainment (NASDAQ:GDEN) had its price target reduced by Macquarie from $39.00 to $38.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. B. Riley lowered their target price on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Truist Financial lowered their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com cut 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 shares of Golden Entertainment from $36.00 to $35.00 and set a “market outperform” rating on the stock in a research report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Golden Entertainment Trading Up 4.4 %

Shares of GDEN opened at $33.62 on Friday. Golden Entertainment has a 52-week low of $27.42 and a 52-week high of $42.14. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average is $31.02 and its two-hundred day moving average is $30.62. The stock has a market cap of $952.12 million, a PE ratio of 27.11 and a beta of 2.24.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 2.97%. Golden Entertainment’s dividend payout ratio (DPR) is currently 80.65%.

Insider Activity at Golden Entertainment

In related news, Director Mark A. Lipparelli sold 773 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $33.32, for a total value of $25,756.36. Following the sale, the director now directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 29.10% of the stock is owned by insiders.

Institutional Trading of Golden Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in Golden Entertainment during the second quarter worth about $34,000. nVerses Capital LLC purchased a new stake in Golden Entertainment during the second quarter worth about $37,000. Meeder Asset Management Inc. purchased a new stake in Golden Entertainment during the third quarter worth about $42,000. Quarry LP purchased a new stake in Golden Entertainment during the second quarter worth about $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Golden Entertainment during the second quarter worth about $54,000. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

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.