Golden Entertainment, Inc. (NASDAQ:GDEN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $36.57.

Several equities analysts have weighed in on the company. Wells Fargo & Company began coverage on Golden Entertainment in a research note on Monday, December 16th. They set an “overweight” rating and a $38.00 target price on the stock. Jefferies Financial Group increased their target price on shares of Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. JMP Securities reissued a “market outperform” rating and issued a $36.00 price target on shares of Golden Entertainment in a research report on Thursday, January 16th. Macquarie lowered 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. Finally, StockNews.com raised Golden Entertainment from a “hold” rating to a “buy” rating in a report on Thursday, February 20th.

Insider Activity

In related 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 value of $518,478.36. Following the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 29.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Golden Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in Golden Entertainment during the third quarter valued at approximately $42,000. Lazard Asset Management LLC boosted its position in Golden Entertainment by 405.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,871 shares of the company’s stock worth $59,000 after acquiring an additional 1,501 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock worth $143,000 after acquiring an additional 317 shares in the last quarter. Two Sigma Securities LLC raised its holdings in shares of Golden Entertainment by 10.9% in the fourth quarter. Two Sigma Securities LLC now owns 7,219 shares of the company’s stock valued at $228,000 after purchasing an additional 709 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Golden Entertainment by 16.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company’s stock worth $243,000 after purchasing an additional 1,085 shares in the last quarter. 70.73% of the stock is owned by institutional investors.

Golden Entertainment Stock Performance

Shares of GDEN opened at $31.57 on Tuesday. Golden Entertainment has a one year low of $27.42 and a one year high of $37.30. 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 stock has a market cap of $865.93 million, a price-to-earnings ratio of 25.46 and a beta of 2.21. The company has a 50-day moving average of $32.29 and a two-hundred day moving average of $31.88.

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.