Golden Entertainment (NASDAQ:GDEN) Given New $32.00 Price Target at Jefferies Financial Group

Golden Entertainment (NASDAQ:GDEN) had its price objective upped by Jefferies Financial Group from $31.00 to $32.00 in a research report report published on Friday,Benzinga reports. They currently have a hold rating on the stock.

GDEN has been the topic of several other reports. B. Riley decreased their price objective 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. Macquarie reduced their target price on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company began coverage on shares of Golden Entertainment in a research report on Monday, December 16th. They set an “overweight” rating and a $38.00 target price on the stock. Truist Financial reduced their target price 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. Finally, StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Golden Entertainment has an average rating of “Moderate Buy” and an average target price of $36.57.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock opened at $31.40 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $861.27 million, a price-to-earnings ratio of 25.32 and a beta of 2.22. Golden Entertainment has a 1-year low of $27.42 and a 1-year high of $40.55. The firm’s 50-day moving average price is $32.25 and its two-hundred day moving average price is $31.25.

Golden Entertainment Dividend Announcement

The firm 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 is Friday, December 20th. This represents a $1.00 annualized dividend and a yield of 3.18%. Golden Entertainment’s dividend payout ratio is currently 80.65%.

Insider Activity at Golden Entertainment

In other Golden Entertainment news, Director Terrence Wright sold 16,586 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.26, for a total value of $518,478.36. Following the sale, the director now directly owns 61,616 shares in the company, valued at approximately $1,926,116.16. This trade represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 29.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Golden Entertainment

Several hedge funds have recently bought and sold shares of GDEN. William Blair Investment Management LLC raised its holdings in Golden Entertainment by 132.1% in the second quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock worth $46,251,000 after purchasing an additional 846,269 shares during the period. Systematic Financial Management LP increased its position in shares of Golden Entertainment by 78.2% during the second quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock worth $8,805,000 after acquiring an additional 124,218 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Golden Entertainment by 100.9% during the second quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company’s stock worth $5,089,000 after acquiring an additional 82,175 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Golden Entertainment during the second quarter worth $1,848,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Golden Entertainment during the second quarter worth $1,537,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

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.