Research Analysts Set Expectations for Golden Entertainment, Inc.’s Q3 2023 Earnings (NASDAQ:GDEN)

Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) – Research analysts at B. Riley reduced their Q3 2023 earnings per share estimates for Golden Entertainment in a report released on Thursday, March 2nd. B. Riley analyst D. Bain now anticipates that the company will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.27. The consensus estimate for Golden Entertainment’s current full-year earnings is $2.58 per share. B. Riley also issued estimates for Golden Entertainment’s Q3 2024 earnings at $0.43 EPS.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on Golden Entertainment from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday. JMP Securities reissued a “market outperform” rating and set a $57.00 price target on shares of Golden Entertainment in a research note on Thursday. Finally, Jefferies Financial Group lowered Golden Entertainment from a “buy” rating to a “hold” rating and cut their target price for the stock from $60.00 to $43.00 in a research report on Monday, January 9th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

Golden Entertainment Trading Down 0.7 %

NASDAQ:GDEN opened at $40.54 on Friday. Golden Entertainment has a 1 year low of $32.53 and a 1 year high of $59.96. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.86 and a current ratio of 1.91. The stock has a market cap of $1.16 billion, a P/E ratio of 15.65 and a beta of 2.38. The stock has a 50-day simple moving average of $39.45 and a 200-day simple moving average of $40.09.

Hedge Funds Weigh In On Golden Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund lifted its stake in shares of Golden Entertainment by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 14,669 shares of the company’s stock valued at $580,000 after purchasing an additional 249 shares during the last quarter. Alliancebernstein L.P. grew its stake in Golden Entertainment by 1.5% during the third quarter. Alliancebernstein L.P. now owns 18,620 shares of the company’s stock worth $650,000 after buying an additional 270 shares during the last quarter. Credit Suisse AG grew its stake in Golden Entertainment by 2.3% during the second quarter. Credit Suisse AG now owns 13,905 shares of the company’s stock worth $549,000 after buying an additional 316 shares during the last quarter. Point72 Hong Kong Ltd grew its stake in Golden Entertainment by 161.5% during the first quarter. Point72 Hong Kong Ltd now owns 544 shares of the company’s stock worth $32,000 after buying an additional 336 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Golden Entertainment by 1.2% during the second quarter. Deutsche Bank AG now owns 29,435 shares of the company’s stock worth $1,164,000 after buying an additional 349 shares during the last quarter. 68.63% of the stock is currently owned by hedge funds and other institutional investors.

Golden Entertainment Company Profile

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Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the following segments: Distributed Gaming and Casinos. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery, convenience and liquor stores, restaurants, bars, and taverns, and the operation of wholly-owned branded taverns targeting local patrons.