JMP Securities Boosts Golden Entertainment (NASDAQ:GDEN) Price Target to $36.00

Golden Entertainment (NASDAQ:GDEN) had its target price increased by JMP Securities from $35.00 to $36.00 in a report released on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price objective would suggest a potential upside of 8.17% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Macquarie dropped their price objective on Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, November 8th. B. Riley dropped their price objective on Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, Truist Financial dropped their price objective on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.20.

Golden Entertainment Stock Performance

GDEN opened at $33.28 on Monday. The business has a fifty day simple moving average of $31.36 and a 200 day simple moving average of $30.76. The company has a market capitalization of $912.84 million, a PE ratio of 26.84 and a beta of 2.24. Golden Entertainment has a 1 year low of $27.42 and a 1 year high of $42.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.11 and a quick ratio of 1.03.

Insider Transactions at Golden Entertainment

In other news, Director Mark A. Lipparelli sold 773 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the transaction, the director now owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 29.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Golden Entertainment

A number of institutional investors have recently modified their holdings of GDEN. Innealta Capital LLC acquired a new position in Golden Entertainment in the 2nd quarter worth about $34,000. nVerses Capital LLC acquired a new position in Golden Entertainment in the 2nd quarter worth about $37,000. Meeder Asset Management Inc. acquired a new position in Golden Entertainment in the 3rd quarter worth about $42,000. Quarry LP acquired a new position in Golden Entertainment in the 2nd quarter worth about $52,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Golden Entertainment in the 2nd quarter worth about $54,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

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.