Golden Entertainment (NASDAQ:GDEN) Price Target Raised to $32.00

Golden Entertainment (NASDAQ:GDEN) had its price target lifted by Jefferies Financial Group from $31.00 to $32.00 in a research note released on Friday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company assumed coverage on Golden Entertainment in a report on Monday, December 16th. They issued an “overweight” rating and a $38.00 target price on the stock. JMP Securities lifted their target price on Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a report on Monday, November 25th. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. B. Riley decreased their target price on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Macquarie decreased their target price on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Golden Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $36.57.

Golden Entertainment Stock Up 0.9 %

Shares of GDEN stock opened at $31.40 on Friday. Golden Entertainment has a 1 year low of $27.42 and a 1 year high of $40.55. The stock has a market cap of $861.27 million, a PE ratio of 25.32 and a beta of 2.22. The business’s fifty day moving average is $32.25 and its 200-day moving average is $31.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.03 and a current ratio of 1.11.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, December 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.18%. Golden Entertainment’s payout ratio is 80.65%.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the transaction, the director now directly owns 61,616 shares in the company, valued at $1,926,116.16. This trade represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Golden Entertainment

Institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in Golden Entertainment during the second quarter valued at about $37,000. Meeder Asset Management Inc. bought a new position in shares of Golden Entertainment in the third quarter worth about $42,000. Quarry LP bought a new position in shares of Golden Entertainment in the second quarter worth about $52,000. Allspring Global Investments Holdings LLC bought a new position in shares of Golden Entertainment in the second quarter worth about $54,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Golden Entertainment in the second quarter worth about $89,000. 70.73% of the stock is currently owned by institutional investors.

About Golden Entertainment

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.