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

Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.75.

GDEN has been the topic of a number of recent analyst reports. Citigroup reiterated a “market perform” rating on shares of Golden Entertainment in a research report on Tuesday, March 10th. Weiss Ratings cut Golden Entertainment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Golden Entertainment by 2.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,995 shares of the company’s stock valued at $1,033,000 after acquiring an additional 736 shares during the last quarter. Swiss National Bank increased its stake in Golden Entertainment by 2.3% in the fourth quarter. Swiss National Bank now owns 36,100 shares of the company’s stock valued at $982,000 after acquiring an additional 800 shares during the last quarter. Raymond James Financial Inc. bought a new position in Golden Entertainment in the second quarter valued at $27,000. Price T Rowe Associates Inc. MD increased its stake in Golden Entertainment by 11.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,507 shares of the company’s stock valued at $313,000 after acquiring an additional 1,158 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new position in Golden Entertainment in the fourth quarter valued at $33,000. Institutional investors own 70.73% of the company’s stock.

Golden Entertainment Trading Down 0.1%

Shares of GDEN stock opened at $28.55 on Friday. 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 52-week low of $19.57 and a 52-week high of $32.74. The company has a market capitalization of $753.72 million, a PE ratio of -114.20 and a beta of 1.40. The business’s fifty day moving average is $27.88 and its 200 day moving average is $27.24.

Golden Entertainment (NASDAQ:GDEN) last issued its quarterly earnings data on Friday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $155.63 million during the quarter, compared to analysts’ expectations of $166.61 million.

Golden Entertainment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th were paid 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 was Wednesday, March 18th. Golden Entertainment’s dividend payout ratio is currently -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.