Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) Target Price at $36.57

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

Several research firms have recently issued reports on GDEN. JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 target price on shares of Golden Entertainment in a report on Thursday, January 16th. 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. Truist Financial lowered their target price on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Macquarie reduced their price target on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

Insider Buying and Selling at Golden Entertainment

In other news, Director Terrence Wright sold 16,586 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following 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 sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Golden Entertainment

Several hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Golden Entertainment in the second quarter worth $1,848,000. Dimensional Fund Advisors LP boosted its position in shares of Golden Entertainment by 100.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company’s stock valued at $5,089,000 after acquiring an additional 82,175 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Golden Entertainment during the second quarter worth about $228,000. Sei Investments Co. increased its position in shares of Golden Entertainment by 41.9% in the second quarter. Sei Investments Co. now owns 91,161 shares of the company’s stock worth $2,836,000 after purchasing an additional 26,903 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Golden Entertainment in the second quarter valued at approximately $1,537,000. Hedge funds and other institutional investors own 70.73% of the company’s stock.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN opened at $32.67 on Friday. Golden Entertainment has a 1-year low of $27.42 and a 1-year high of $39.92. 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 cap of $896.11 million, a PE ratio of 26.35 and a beta of 2.21. The stock’s fifty day simple moving average is $32.37 and its two-hundred day simple moving average is $31.63.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.08. The business had revenue of $161.23 million for the quarter, compared to analysts’ expectations of $162.22 million. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.69%. During the same period in the previous year, the company earned ($0.02) earnings per share. As a group, analysts forecast that Golden Entertainment will post 0.2 EPS for the current fiscal year.

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.