Golden Entertainment (NASDAQ:GDEN) Price Target Cut to $44.00 by Analysts at Truist Financial

Golden Entertainment (NASDAQ:GDEN) had its price objective lowered by Truist Financial from $45.00 to $44.00 in a research report sent to investors on Tuesday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research analysts have also recently commented on GDEN. StockNews.com cut shares of Golden Entertainment from a buy rating to a hold rating in a research note on Monday, March 4th. JMP Securities cut their price target on shares of Golden Entertainment from $48.00 to $45.00 and set a market outperform rating for the company in a research note on Friday, March 1st.

Golden Entertainment Stock Up 0.5 %

NASDAQ GDEN opened at $34.86 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. The firm has a 50-day simple moving average of $35.21 and a 200 day simple moving average of $36.61. Golden Entertainment has a twelve month low of $30.38 and a twelve month high of $47.49. The stock has a market cap of $1.01 billion, a PE ratio of 4.21 and a beta of 2.25.

Golden Entertainment (NASDAQ:GDEN) last released its earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. The company had revenue of $230.69 million during the quarter, compared to the consensus estimate of $228.75 million. On average, research analysts forecast that Golden Entertainment will post 1.21 EPS for the current year.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, March 15th. Golden Entertainment’s dividend payout ratio (DPR) is currently 12.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GDEN. Allspring Global Investments Holdings LLC raised its stake in shares of Golden Entertainment by 86.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock valued at $36,000 after acquiring an additional 487 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Golden Entertainment by 44.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company’s stock valued at $171,000 after purchasing an additional 1,549 shares in the last quarter. Inscription Capital LLC acquired a new stake in shares of Golden Entertainment in the first quarter valued at approximately $226,000. MGO One Seven LLC increased its holdings in shares of Golden Entertainment by 13.3% in the third quarter. MGO One Seven LLC now owns 9,897 shares of the company’s stock valued at $338,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Golden Entertainment by 56.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,649 shares of the company’s stock valued at $364,000 after purchasing an additional 3,842 shares in the last quarter. Institutional investors own 70.73% of the company’s stock.

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.