Golden Entertainment (NASDAQ:GDEN) Price Target Cut to $41.00 by Analysts at Macquarie

Golden Entertainment (NASDAQ:GDEN) had its price target lowered by Macquarie from $44.00 to $41.00 in a report issued on Friday, Benzinga reports. Macquarie currently has an outperform rating on the stock.

GDEN has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Golden Entertainment from $42.00 to $36.00 and set a buy rating for the company in a research note on Thursday, May 9th. StockNews.com cut shares of Golden Entertainment from a buy rating to a hold rating in a research note on Wednesday, July 24th. JMP Securities cut their price objective on shares of Golden Entertainment from $39.00 to $36.00 and set a market outperform rating on the stock in a research report on Friday. B. Riley initiated coverage on shares of Golden Entertainment in a report on Friday, April 26th. They issued a buy rating and a $46.00 target price for the company. Finally, Truist Financial cut their price target on shares of Golden Entertainment from $40.00 to $38.00 and set a buy rating on the stock in a report on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Golden Entertainment has an average rating of Moderate Buy and a consensus target price of $39.40.

Golden Entertainment Price Performance

Shares of GDEN opened at $29.23 on Friday. The firm’s 50-day simple moving average is $30.10 and its two-hundred day simple moving average is $32.83. Golden Entertainment has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. The stock has a market cap of $846.18 million, a PE ratio of 3.15 and a beta of 2.23. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, September 17th. Golden Entertainment’s dividend payout ratio (DPR) is presently 10.79%.

Hedge Funds Weigh In On Golden Entertainment

Several institutional investors have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in Golden Entertainment during the second quarter valued at approximately $34,000. nVerses Capital LLC purchased a new position in shares of Golden Entertainment during the 2nd quarter worth $37,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Golden Entertainment during the 2nd quarter valued at $54,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Golden Entertainment in the 2nd quarter worth $89,000. Finally, Canada Pension Plan Investment Board bought a new position in Golden Entertainment in the 2nd quarter worth $143,000. 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.