Golden Entertainment (NASDAQ:GDEN) Given New $39.00 Price Target at JMP Securities

Golden Entertainment (NASDAQ:GDEN) had its target price cut by JMP Securities from $42.00 to $39.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a market outperform rating on the stock.

GDEN has been the subject of several other reports. StockNews.com downgraded shares of Golden Entertainment from a buy rating to a hold rating in a research note on Tuesday, July 16th. Truist Financial lowered their price target on shares of Golden Entertainment from $45.00 to $44.00 and set a buy rating for the company in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Golden Entertainment from $42.00 to $36.00 and set a buy rating for the company in a research note on Thursday, May 9th. Finally, B. Riley started coverage on shares of Golden Entertainment in a report on Friday, April 26th. They set a buy rating and a $46.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $40.25.

Golden Entertainment Stock Up 0.2 %

Shares of NASDAQ:GDEN opened at $30.44 on Wednesday. Golden Entertainment has a 52-week low of $28.20 and a 52-week high of $47.49. The firm has a fifty day moving average of $29.96 and a 200 day moving average of $33.89. The firm has a market capitalization of $881.24 million, a PE ratio of 3.28 and a beta of 2.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.33 and a current ratio of 2.36.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Wednesday, May 8th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.50). Golden Entertainment had a return on equity of 1.13% and a net margin of 30.14%. The company had revenue of $174.05 million during the quarter, compared to analysts’ expectations of $168.72 million. As a group, research analysts anticipate that Golden Entertainment will post 0.5 EPS for the current fiscal year.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 14th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.29%. Golden Entertainment’s dividend payout ratio is currently 10.79%.

Institutional Trading of Golden Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD purchased a new stake in Golden Entertainment in the first quarter worth about $214,000. Inscription Capital LLC purchased a new stake in Golden Entertainment in the first quarter worth about $226,000. New York State Teachers Retirement System lifted its holdings in Golden Entertainment by 6.7% in the first quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock worth $231,000 after buying an additional 394 shares during the period. SG Americas Securities LLC purchased a new stake in Golden Entertainment in the second quarter worth about $263,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Golden Entertainment by 25.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 7,254 shares of the company’s stock worth $267,000 after buying an additional 1,480 shares during the period. 70.73% of the stock is currently owned by hedge funds and other institutional investors.

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.