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

Golden Entertainment (NASDAQ:GDEN) had its target price lowered by stock analysts at Truist Financial from $45.00 to $44.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 25.50% from the company’s current price.

GDEN has been the topic of several other reports. JMP Securities dropped their price objective on Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating on the stock in a report on Friday, March 1st. StockNews.com downgraded Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, March 4th.

Golden Entertainment Stock Performance

Shares of GDEN stock traded up $0.39 during mid-day trading on Tuesday, reaching $35.06. The stock had a trading volume of 43,243 shares, compared to its average volume of 144,869. The business’s fifty day moving average is $35.28 and its 200-day moving average is $36.60. The company has a current ratio of 2.35, a quick ratio of 2.30 and a debt-to-equity ratio of 1.22. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 4.23 and a beta of 2.25. Golden Entertainment has a 1-year low of $30.38 and a 1-year high of $47.49.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings data 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). The firm had revenue of $230.69 million during the quarter, compared to analyst estimates of $228.75 million. Golden Entertainment had a net margin of 24.28% and a return on equity of 6.40%. On average, research analysts forecast that Golden Entertainment will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Golden Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in Golden Entertainment by 86.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Golden Entertainment by 44.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company’s stock worth $171,000 after acquiring an additional 1,549 shares during the last quarter. Inscription Capital LLC acquired a new stake in Golden Entertainment during the first quarter worth $226,000. MGO One Seven LLC increased its stake in 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 during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Golden Entertainment by 56.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,649 shares of the company’s stock worth $364,000 after acquiring an additional 3,842 shares during the last quarter. Hedge funds and other 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.