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

Golden Entertainment, Inc. (NASDAQ:GDEN) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $36.86.

Several equities analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on Golden Entertainment in a research note on Monday, December 16th. They issued an “overweight” rating and a $38.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $36.00 price target on shares of Golden Entertainment in a research report on Thursday, January 16th. Macquarie reissued an “outperform” rating and issued a $40.00 price objective on shares of Golden Entertainment in a research report on Friday, February 28th. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group increased their price target on Golden Entertainment from $31.00 to $32.00 and gave the company a “hold” rating in a report on Friday, January 3rd.

Golden Entertainment Price Performance

Shares of Golden Entertainment stock opened at $27.32 on Friday. The business’s fifty day moving average price is $31.23 and its 200 day moving average price is $31.58. Golden Entertainment has a twelve month low of $25.17 and a twelve month high of $36.92. 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 $724.28 million, a P/E ratio of 22.03 and a beta of 2.29.

Golden Entertainment Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. Golden Entertainment’s dividend payout ratio is currently 59.88%.

Institutional Trading of Golden Entertainment

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC boosted its holdings in Golden Entertainment by 405.7% in the fourth quarter. Lazard Asset Management LLC now owns 1,871 shares of the company’s stock valued at $59,000 after purchasing an additional 1,501 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Golden Entertainment by 86.0% in the 4th quarter. Meeder Asset Management Inc. now owns 2,474 shares of the company’s stock valued at $78,000 after purchasing an additional 1,144 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Golden Entertainment by 7.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock valued at $143,000 after purchasing an additional 317 shares in the last quarter. Two Sigma Securities LLC boosted its stake in shares of Golden Entertainment by 10.9% during the 4th quarter. Two Sigma Securities LLC now owns 7,219 shares of the company’s stock valued at $228,000 after buying an additional 709 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Golden Entertainment by 16.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,678 shares of the company’s stock worth $243,000 after buying an additional 1,085 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors and hedge funds.

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.