Truist Financial Cuts Golden Entertainment (NASDAQ:GDEN) Price Target to $44.00

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

GDEN has been the subject of several other research reports. JMP Securities reduced 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 report on Friday, March 1st. StockNews.com downgraded shares of Golden Entertainment from a buy rating to a hold rating in a research report on Monday, March 4th.

Golden Entertainment Price Performance

Shares of GDEN opened at $32.41 on Tuesday. The company has a market capitalization of $938.27 million, a P/E ratio of 3.91 and a beta of 2.25. The company has a quick ratio of 2.30, a current ratio of 2.35 and a debt-to-equity ratio of 1.22. The firm has a 50 day moving average of $34.93 and a 200 day moving average of $36.57. Golden Entertainment has a twelve month low of $30.38 and a twelve month high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly 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). The firm had revenue of $230.69 million for the quarter, compared to the consensus estimate of $228.75 million. Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. As a group, equities research analysts anticipate that Golden Entertainment will post 1.21 earnings per share for the current fiscal year.

Golden Entertainment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Monday, March 18th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Friday, March 15th. Golden Entertainment’s dividend payout ratio (DPR) is presently 12.08%.

Institutional Investors Weigh In On Golden Entertainment

Large investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System boosted its stake in shares of Golden Entertainment by 6.7% during the 1st quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock worth $231,000 after acquiring an additional 394 shares during the last quarter. Inscription Capital LLC purchased a new position in shares of Golden Entertainment during the 1st quarter worth $226,000. Gabelli Funds LLC boosted its stake in shares of Golden Entertainment by 12.0% during the 4th quarter. Gabelli Funds LLC now owns 169,000 shares of the company’s stock worth $6,748,000 after acquiring an additional 18,128 shares during the last quarter. RK Capital Management LLC boosted its stake in shares of Golden Entertainment by 18.7% during the 4th quarter. RK Capital Management LLC now owns 210,100 shares of the company’s stock worth $8,389,000 after acquiring an additional 33,100 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Golden Entertainment during the 4th quarter worth $386,000. 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.