Golden Entertainment (NASDAQ:GDEN) PT Lowered to $44.00 at Truist Financial

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

A number of other research analysts have also commented on the stock. StockNews.com lowered shares of Golden Entertainment from a buy rating to a hold rating in a research report on Monday, March 4th. JMP Securities reduced their target price on 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.

Golden Entertainment Stock Performance

NASDAQ:GDEN opened at $33.22 on Tuesday. The business’s fifty day moving average is $35.03 and its 200 day moving average is $36.58. The firm has a market cap of $961.72 million, a price-to-earnings ratio of 4.01 and a beta of 2.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. Golden Entertainment has a 52-week low of $30.38 and a 52-week high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last posted its earnings results on Thursday, February 29th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $228.75 million. Research analysts predict that Golden Entertainment will post 1.21 EPS for the current year.

Golden Entertainment Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, March 15th. Golden Entertainment’s dividend payout ratio is currently 12.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GDEN. Allspring Global Investments Holdings LLC boosted its holdings in shares of Golden Entertainment by 86.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock worth $36,000 after purchasing an additional 487 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Golden Entertainment by 44.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company’s stock worth $171,000 after buying an additional 1,549 shares in the last quarter. Inscription Capital LLC bought a new position in Golden Entertainment during the first quarter valued at approximately $226,000. New York State Teachers Retirement System raised its stake in shares of Golden Entertainment by 6.7% during the first 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 in the last quarter. Finally, MGO One Seven LLC raised its stake in shares of Golden Entertainment by 13.3% during the third quarter. MGO One Seven LLC now owns 9,897 shares of the company’s stock worth $338,000 after acquiring an additional 1,164 shares in the last quarter. Institutional investors own 70.73% of the company’s stock.

About Golden Entertainment

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.