Fintel reports that on December 16, 2024, Wells Fargo initiated coverage of Golden Entertainment (NasdaqGM:GDEN) with a Overweight recommendation.
Analyst Price Forecast Suggests 10.95% Upside
As of December 3, 2024, the average one-year price target for Golden Entertainment is $37.01/share. The forecasts range from a low of $31.31 to a high of $42.00. The average price target represents an increase of 10.95% from its latest reported closing price of $33.36 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Golden Entertainment is 1,121MM, an increase of 52.87%. The projected annual non-GAAP EPS is 3.16.
What is the Fund Sentiment?
There are 401 funds or institutions reporting positions in Golden Entertainment. This is an increase of 9 owner(s) or 2.30% in the last quarter. Average portfolio weight of all funds dedicated to GDEN is 0.15%, an increase of 14.41%. Total shares owned by institutions increased in the last three months by 12.18% to 27,468K shares. 
The put/call ratio of GDEN is 0.15, indicating a bullish outlook.
What are Other Shareholders Doing?
William Blair Investment Management holds 1,579K shares representing 5.76% ownership of the company. In its prior filing, the firm reported owning 1,487K shares , representing an increase of 5.85%. The firm increased its portfolio allocation in GDEN by 2.07% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,354K shares representing 4.94% ownership of the company. In its prior filing, the firm reported owning 1,404K shares , representing a decrease of 3.66%. The firm decreased its portfolio allocation in GDEN by 11.53% over the last quarter.
Hill Path Capital holds 1,069K shares representing 3.90% ownership of the company. No change in the last quarter.
DAVENPORT & Co holds 1,021K shares representing 3.72% ownership of the company. In its prior filing, the firm reported owning 468K shares , representing an increase of 54.22%. The firm increased its portfolio allocation in GDEN by 109.47% over the last quarter.
DSCPX - Davenport Small Cap Focus Fund holds 1,016K shares representing 3.70% ownership of the company. In its prior filing, the firm reported owning 468K shares , representing an increase of 53.97%. The firm increased its portfolio allocation in GDEN by 110.33% over the last quarter.
Golden Entertainment Background Information
(This description is provided by the company.)
Golden Entertainment owns and operates gaming properties across two divisions - casino operations and distributed gaming. Golden Entertainment operates over 16,000 slots, 120 table games, and 6,200 hotel rooms. Golden Entertainment owns ten casino resorts - nine in Southern Nevada and one in Maryland. Through its distributed gaming business in Nevada and Montana, Golden Entertainment operates video gaming devices at over 1,000 locations and owns over 60 traditional taverns in Nevada. Golden Entertainment is also licensed in Illinois and Pennsylvania to operate video gaming terminals.
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