Golden Entertainment (NASDAQ:GDEN) Coverage Initiated at Wells Fargo & Company

Stock analysts at Wells Fargo & Company assumed coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $38.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 14.49% from the company’s current price.

Several other brokerages have also recently weighed in on GDEN. JMP Securities boosted their price objective on Golden Entertainment from $35.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Monday, November 25th. StockNews.com upgraded shares of Golden Entertainment from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Macquarie cut their price target on shares of Golden Entertainment from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. B. Riley decreased their price objective on shares of Golden Entertainment from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, Truist Financial reduced their price target on Golden Entertainment from $38.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $37.33.

Golden Entertainment Stock Up 0.6 %

Golden Entertainment stock opened at $33.19 on Monday. Golden Entertainment has a 12 month low of $27.42 and a 12 month high of $42.14. The stock has a fifty day simple moving average of $31.86 and a two-hundred day simple moving average of $31.09. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 0.75. The firm has a market cap of $910.40 million, a price-to-earnings ratio of 26.77 and a beta of 2.22.

Insiders Place Their Bets

In related news, Director Mark A. Lipparelli sold 773 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the completion of the sale, the director now directly owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 29.10% of the company’s stock.

Institutional Trading of Golden Entertainment

Hedge funds have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in Golden Entertainment in the second quarter valued at $34,000. nVerses Capital LLC acquired a new position in Golden Entertainment in the second quarter valued at approximately $37,000. Meeder Asset Management Inc. purchased a new position in Golden Entertainment in the third quarter valued at approximately $42,000. Quarry LP acquired a new position in shares of Golden Entertainment in the 2nd quarter valued at $52,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Golden Entertainment in the 2nd quarter valued at $54,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

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.