Golden Entertainment (NASDAQ:GDEN) Given Market Outperform Rating at JMP Securities

Golden Entertainment (NASDAQ:GDEN)‘s stock had its “market outperform” rating restated by equities research analysts at JMP Securities in a research note issued on Thursday,Benzinga reports. They presently have a $36.00 target price on the stock. JMP Securities’ price objective indicates a potential upside of 13.89% from the stock’s previous close.

GDEN has been the subject of several other research reports. Truist Financial decreased their price objective on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Jefferies Financial Group raised their target price on Golden Entertainment from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Macquarie dropped their price target on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Wells Fargo & Company initiated coverage on shares of Golden Entertainment in a report on Monday, December 16th. They set an “overweight” rating and a $38.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.57.

Golden Entertainment Trading Down 1.9 %

Shares of GDEN stock traded down $0.61 on Thursday, reaching $31.61. 19,046 shares of the company’s stock were exchanged, compared to its average volume of 124,262. The stock has a market capitalization of $867.03 million, a PE ratio of 25.49 and a beta of 2.22. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. Golden Entertainment has a 52 week low of $27.42 and a 52 week high of $40.55. The company’s fifty day simple moving average is $32.52 and its 200 day simple moving average is $31.31.

Insider Activity

In related news, Director Terrence Wright sold 16,586 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.26, for a total transaction of $518,478.36. Following the completion of the transaction, the director now owns 61,616 shares of the company’s stock, valued at approximately $1,926,116.16. The trade was a 21.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Golden Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Systematic Financial Management LP increased its holdings in Golden Entertainment by 24.5% in the third quarter. Systematic Financial Management LP now owns 352,227 shares of the company’s stock valued at $11,197,000 after purchasing an additional 69,207 shares during the last quarter. Barclays PLC boosted its stake in shares of Golden Entertainment by 84.7% during the 3rd quarter. Barclays PLC now owns 48,918 shares of the company’s stock worth $1,556,000 after acquiring an additional 22,440 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Golden Entertainment by 7.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,500 shares of the company’s stock worth $143,000 after buying an additional 317 shares during the last quarter. Geode Capital Management LLC lifted its position in Golden Entertainment by 4.3% during the third quarter. Geode Capital Management LLC now owns 587,006 shares of the company’s stock worth $18,664,000 after acquiring an additional 24,264 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Golden Entertainment in the 2nd quarter valued at $1,848,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

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.