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

Golden Entertainment (NASDAQ:GDEN) had its target price decreased by equities researchers at Truist Financial from $45.00 to $44.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 27.54% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. JMP Securities cut their target price on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating for the company in a research note on Friday, March 1st. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 4th.

Golden Entertainment Price Performance

Shares of NASDAQ:GDEN opened at $34.50 on Tuesday. The stock has a market capitalization of $998.74 million, a P/E ratio of 4.17 and a beta of 2.25. The business has a 50-day moving average of $35.14 and a two-hundred day moving average of $36.60. Golden Entertainment has a fifty-two week low of $30.38 and a fifty-two week high of $47.49. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.35 and a quick ratio of 2.30.

Golden Entertainment (NASDAQ:GDEN) last announced its earnings results on Thursday, February 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Golden Entertainment had a return on equity of 6.40% and a net margin of 24.28%. The company had revenue of $230.69 million for the quarter, compared to the consensus estimate of $228.75 million. On average, equities research analysts predict that Golden Entertainment will post 1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Golden Entertainment

Large investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC lifted its holdings in Golden Entertainment by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,356 shares of the company’s stock valued at $693,000 after purchasing an additional 265 shares during the last quarter. 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 acquiring an additional 487 shares in the last quarter. Swiss National Bank grew its position in Golden Entertainment by 1.1% during the 3rd quarter. Swiss National Bank now owns 47,600 shares of the company’s stock worth $1,627,000 after acquiring an additional 500 shares during the last quarter. Teton Advisors Inc. increased its holdings in Golden Entertainment by 0.7% during the 3rd quarter. Teton Advisors Inc. now owns 121,500 shares of the company’s stock valued at $4,153,000 after purchasing an additional 800 shares in the last quarter. Finally, Beacon Investment Advisors LLC raised its position in Golden Entertainment by 2.0% in the 3rd quarter. Beacon Investment Advisors LLC now owns 43,679 shares of the company’s stock valued at $1,493,000 after purchasing an additional 868 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors.

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.