StockNews.com Upgrades Golden Entertainment (NASDAQ:GDEN) to Buy

Golden Entertainment (NASDAQ:GDEN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

GDEN has been the topic of a number of other research reports. Truist Financial lowered their price objective on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. JMP Securities raised their price objective on shares of Golden Entertainment from $35.00 to $36.00 and gave the company a “market outperform” rating in a research note on Monday, November 25th. Macquarie lowered their price objective on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, B. Riley decreased their price target on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Golden Entertainment currently has an average rating of “Buy” and an average target price of $37.20.

Golden Entertainment Price Performance

NASDAQ GDEN opened at $33.46 on Friday. Golden Entertainment has a 12 month low of $27.42 and a 12 month 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. The firm has a market capitalization of $917.81 million, a PE ratio of 26.98 and a beta of 2.22. The company’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $30.92.

Insiders Place Their Bets

In other Golden Entertainment news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the sale, the director now owns 82,740 shares of the company’s stock, valued at $2,756,896.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 29.10% of the stock is currently owned by company insiders.

Institutional Trading of Golden Entertainment

A number of institutional investors have recently bought and sold shares of GDEN. Innealta Capital LLC purchased a new stake in shares of Golden Entertainment during the 2nd quarter worth about $34,000. nVerses Capital LLC bought a new position in Golden Entertainment during the second quarter valued at approximately $37,000. Meeder Asset Management Inc. acquired a new stake in Golden Entertainment in the third quarter valued at approximately $42,000. Quarry LP bought a new stake in Golden Entertainment in the second quarter worth approximately $52,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Golden Entertainment in the second quarter worth approximately $54,000. Institutional investors and hedge funds 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.