Analysts Set Golden Entertainment, Inc. (NASDAQ:GDEN) PT at $32.75

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $32.75.

GDEN has been the topic of a number of recent research reports. Weiss Ratings cut shares of Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Zacks Research raised shares of Golden Entertainment from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd.

Institutional Trading of Golden Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of GDEN. Jane Street Group LLC lifted its stake in shares of Golden Entertainment by 22.9% in the first quarter. Jane Street Group LLC now owns 34,913 shares of the company’s stock worth $921,000 after acquiring an additional 6,498 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Golden Entertainment by 4.9% in the second quarter. Geode Capital Management LLC now owns 508,110 shares of the company’s stock valued at $14,956,000 after purchasing an additional 23,542 shares during the last quarter. Creative Planning acquired a new stake in Golden Entertainment during the 2nd quarter valued at approximately $201,000. Legal & General Group Plc grew its stake in Golden Entertainment by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 56,180 shares of the company’s stock valued at $1,653,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Golden Entertainment by 6.0% during the 2nd quarter. Prudential Financial Inc. now owns 21,873 shares of the company’s stock worth $644,000 after purchasing an additional 1,235 shares during the last quarter. 70.73% of the stock is owned by hedge funds and other institutional investors.

Golden Entertainment Price Performance

GDEN stock opened at $28.47 on Friday. The firm has a market cap of $745.91 million, a P/E ratio of -113.88 and a beta of 1.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.07 and a current ratio of 1.17. Golden Entertainment has a 1 year low of $19.57 and a 1 year high of $32.74. The stock has a 50-day simple moving average of $27.94 and a 200-day simple moving average of $26.34.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Friday, February 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.12). Golden Entertainment had a positive return on equity of 0.51% and a negative net margin of 0.95%.The company had revenue of $155.63 million for the quarter, compared to analyst estimates of $166.61 million. On average, equities analysts predict that Golden Entertainment will post 0.2 earnings per share for the current fiscal year.

Golden Entertainment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 18th. Golden Entertainment’s dividend payout ratio is presently -400.00%.

About Golden Entertainment

Golden Entertainment, Inc is a diversified gaming and hospitality company that operates in the casino, tavern-casino and slot route markets. The company’s core activities encompass the ownership and management of full-service resort casinos, a portfolio of branded neighborhood tavern-casinos and a large slot distribution network. Headquartered in Summerlin, Nevada, Golden Entertainment serves leisure and local gaming customers across multiple Western U.S. markets.

In its casino and tavern-casino segment, Golden Entertainment owns and operates properties such as Bronco Billy’s Casino & Hotel in Cripple Creek, Colorado, along with a collection of PT’s branded venues throughout Southern Nevada.