JMP Securities Reaffirms “Market Outperform” Rating for Golden Entertainment (NASDAQ:GDEN)

Golden Entertainment (NASDAQ:GDEN)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $36.00 target price on the stock. JMP Securities’ target price suggests a potential upside of 11.70% from the company’s previous close.

Several other brokerages also recently issued reports on GDEN. Truist Financial lowered their price target on shares of Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com cut Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Jefferies Financial Group lifted their price target on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. Wells Fargo & Company began coverage on Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 price objective for the company. Finally, Macquarie cut 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Golden Entertainment has an average rating of “Moderate Buy” and a consensus target price of $36.57.

Golden Entertainment Trading Up 0.8 %

Shares of Golden Entertainment stock opened at $32.23 on Thursday. The firm’s 50 day moving average is $32.54 and its 200 day moving average is $31.34. The firm has a market capitalization of $884.07 million, a PE ratio of 25.99 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 company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75.

Insider Transactions at Golden Entertainment

In other 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 transaction of $518,478.36. Following the completion of the sale, the director now directly owns 61,616 shares in the company, valued at $1,926,116.16. This represents a 21.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 29.10% of the company’s stock.

Institutional Trading of Golden Entertainment

Institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of Golden Entertainment by 42.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 10,190 shares of the company’s stock worth $325,000 after acquiring an additional 3,037 shares in the last quarter. Barclays PLC increased its holdings in Golden Entertainment by 84.7% in the third quarter. Barclays PLC now owns 48,918 shares of the company’s stock worth $1,556,000 after purchasing an additional 22,440 shares in the last quarter. Geode Capital Management LLC increased its holdings in Golden Entertainment by 4.3% in the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock worth $18,664,000 after purchasing an additional 24,264 shares in the last quarter. MML Investors Services LLC lifted its stake in Golden Entertainment by 29.1% in the third quarter. MML Investors Services LLC now owns 63,449 shares of the company’s stock valued at $2,017,000 after buying an additional 14,293 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Golden Entertainment by 5.2% during the 3rd quarter. Jane Street Group LLC now owns 35,033 shares of the company’s stock worth $1,114,000 after buying an additional 1,740 shares in the last quarter. Institutional investors 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.