Golden Entertainment, Inc. (NASDAQ:GDEN - Free Report) - Equities researchers at B. Riley lowered their Q1 2025 EPS estimates for Golden Entertainment in a research note issued to investors on Friday, November 8th. B. Riley analyst D. Bain now expects that the company will earn $0.23 per share for the quarter, down from their previous estimate of $0.24. B. Riley has a "Buy" rating and a $40.00 price objective on the stock. The consensus estimate for Golden Entertainment's current full-year earnings is $0.11 per share. B. Riley also issued estimates for Golden Entertainment's FY2025 earnings at $1.06 EPS.
Golden Entertainment (NASDAQ:GDEN - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). The business had revenue of $167.33 million during the quarter, compared to analyst estimates of $176.34 million. Golden Entertainment had a net margin of 5.23% and a return on equity of 0.68%.
Several other equities research analysts have also recently issued reports on GDEN. Truist Financial lowered their target price on shares of Golden Entertainment from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. StockNews.com lowered Golden Entertainment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. JMP Securities cut their target price on Golden Entertainment from $36.00 to $35.00 and set a "market outperform" rating for the company in a research note on Monday, October 14th. Finally, Macquarie lowered their price target on shares of Golden Entertainment from $39.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.00.
View Our Latest Stock Report on GDEN
Golden Entertainment Price Performance
Shares of NASDAQ GDEN traded up $0.88 during trading on Monday, hitting $33.09. The company had a trading volume of 195,862 shares, compared to its average volume of 210,081. The firm has a market capitalization of $937.11 million, a price-to-earnings ratio of 25.98 and a beta of 2.24. The stock has a fifty day simple moving average of $31.02 and a two-hundred day simple moving average of $30.62. Golden Entertainment has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 0.72.
Institutional Investors Weigh In On Golden Entertainment
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in Golden Entertainment during the second quarter worth $34,000. nVerses Capital LLC purchased a new stake in shares of Golden Entertainment in the second quarter valued at about $37,000. Meeder Asset Management Inc. purchased a new position in shares of Golden Entertainment during the 3rd quarter worth approximately $42,000. Quarry LP acquired a new position in shares of Golden Entertainment during the 2nd quarter worth approximately $52,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Golden Entertainment during the 2nd quarter valued at $54,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Mark A. Lipparelli sold 773 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $33.32, for a total transaction of $25,756.36. Following the sale, the director now owns 82,740 shares of the company's stock, valued at approximately $2,756,896.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 29.10% of the company's stock.
Golden Entertainment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 20th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, December 20th. Golden Entertainment's dividend payout ratio (DPR) is 80.65%.
Golden Entertainment Company Profile
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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.
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