Truist Financial Cuts Golden Entertainment (NASDAQ:GDEN) Price Target to $38.00

Golden Entertainment (NASDAQ:GDEN) had its price target reduced by investment analysts at Truist Financial from $40.00 to $38.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 32.54% from the company’s previous close.

Several other brokerages have also issued reports on GDEN. StockNews.com lowered shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Golden Entertainment from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. B. Riley began coverage on shares of Golden Entertainment in a research note on Friday, April 26th. They set a “buy” rating and a $46.00 target price on the stock. Finally, JMP Securities cut their target price on shares of Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Golden Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $39.40.

Golden Entertainment Trading Up 2.0 %

Shares of NASDAQ:GDEN traded up $0.55 during trading on Friday, reaching $28.67. The stock had a trading volume of 241,978 shares, compared to its average volume of 220,665. The firm’s fifty day moving average is $30.12 and its 200 day moving average is $32.94. 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 has a 52 week low of $27.42 and a 52 week high of $42.14. The stock has a market cap of $829.97 million, a price-to-earnings ratio of 3.09 and a beta of 2.23.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Innealta Capital LLC bought a new position in shares of Golden Entertainment in the second quarter valued at $34,000. nVerses Capital LLC bought a new position in shares of Golden Entertainment in the second quarter valued at $37,000. Allspring Global Investments Holdings LLC bought a new position in shares of Golden Entertainment in the second quarter valued at $54,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Golden Entertainment in the second quarter valued at $89,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Golden Entertainment by 17.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,904 shares of the company’s stock valued at $184,000 after buying an additional 892 shares in the last quarter. 70.73% of the stock is owned by 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.