Golden Entertainment (NASDAQ:GDEN) Now Covered by B. Riley

B. Riley assumed coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a report published on Friday, StockNewsAPI reports. The firm 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.

Several other research firms also recently commented on GDEN. Truist Financial dropped their price objective on shares of Golden Entertainment from $45.00 to $44.00 and set a buy rating for the company in a report on Tuesday. JMP Securities dropped their price objective on shares of Golden Entertainment from $48.00 to $45.00 and set a market outperform rating for the company in a report on Friday, March 1st. Finally, StockNews.com downgraded shares of Golden Entertainment from a buy rating to a hold rating in a report on Monday, March 4th.

Golden Entertainment Trading Down 2.4 %

Shares of GDEN stock opened at $32.41 on Friday. Golden Entertainment has a 52-week low of $30.38 and a 52-week high of $47.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.30 and a current ratio of 2.35. The firm has a market capitalization of $938.27 million, a PE ratio of 3.91 and a beta of 2.25. The stock has a fifty day simple moving average of $34.93 and a two-hundred day simple moving average of $36.57.

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

Golden Entertainment Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Monday, March 18th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, March 15th. Golden Entertainment’s payout ratio is 12.08%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Golden Entertainment by 0.3% in the third quarter. Vanguard Group Inc. now owns 1,556,412 shares of the company’s stock worth $53,198,000 after purchasing an additional 3,988 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Golden Entertainment in the third quarter worth about $35,680,000. Gamco Investors INC. ET AL lifted its stake in Golden Entertainment by 156.8% in the third quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock worth $20,817,000 after purchasing an additional 371,850 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Golden Entertainment by 3.0% in the third quarter. William Blair Investment Management LLC now owns 454,556 shares of the company’s stock worth $15,537,000 after purchasing an additional 13,358 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in Golden Entertainment by 6.5% in the fourth quarter. Jennison Associates LLC now owns 414,810 shares of the company’s stock worth $16,563,000 after purchasing an additional 25,355 shares during the last quarter. Institutional investors own 70.73% of the company’s stock.

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.