Golden Entertainment (NASDAQ:GDEN) Research Coverage Started at B. Riley

B. Riley assumed coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a report released on Friday, StockNewsAPI reports. The brokerage issued a buy rating and a $46.00 price objective on the stock. B. Riley also issued estimates for Golden Entertainment’s Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $1.57 EPS.

Other equities analysts have also issued reports about the stock. JMP Securities cut their price objective on shares of 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 report on Monday, March 4th. Finally, Truist Financial reduced their price target on Golden Entertainment from $45.00 to $44.00 and set a buy rating for the company in a research report on Tuesday, April 23rd.

Golden Entertainment Stock Down 2.4 %

GDEN stock opened at $32.41 on Friday. 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 has a 1-year low of $30.38 and a 1-year high of $47.49. The stock has a market capitalization of $938.27 million, a P/E ratio of 3.91 and a beta of 2.25. The business has a fifty day moving average price of $34.93 and a 200-day moving average price of $36.59.

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

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Monday, March 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.00 annualized dividend and a yield of 3.09%. Golden Entertainment’s dividend payout ratio (DPR) is 12.08%.

Hedge Funds Weigh In On Golden Entertainment

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Golden Entertainment by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,556,412 shares of the company’s stock worth $53,198,000 after buying an additional 3,988 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Golden Entertainment in the third quarter worth about $35,680,000. Gamco Investors INC. ET AL grew its stake in shares of Golden Entertainment by 156.8% during the third quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock worth $20,817,000 after acquiring an additional 371,850 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Golden Entertainment by 3.0% during the third quarter. William Blair Investment Management LLC now owns 454,556 shares of the company’s stock valued at $15,537,000 after acquiring an additional 13,358 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Golden Entertainment by 6.5% during the fourth quarter. Jennison Associates LLC now owns 414,810 shares of the company’s stock valued at $16,563,000 after acquiring an additional 25,355 shares in the last quarter. 70.73% of the stock is owned by institutional investors and hedge funds.

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.