B. Riley Weighs in on Golden Entertainment, Inc.’s Q4 2024 Earnings (NASDAQ:GDEN)

Golden Entertainment, Inc. (NASDAQ:GDEN) – Research analysts at B. Riley decreased their Q4 2024 earnings estimates for Golden Entertainment in a research report issued on Sunday, September 22nd. B. Riley analyst D. Bain now forecasts that the company will post earnings of $0.21 per share for the quarter, down from their prior forecast of $0.27. B. Riley currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for Golden Entertainment’s current full-year earnings is $0.25 per share. B. Riley also issued estimates for Golden Entertainment’s Q2 2025 earnings at $0.33 EPS and Q4 2025 earnings at $0.30 EPS.

GDEN has been the topic of a number of other research reports. StockNews.com lowered Golden Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. JMP Securities cut their target price on shares of Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating for the company in a research note on Friday, August 9th. Macquarie decreased their price target on shares of Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, Truist Financial reduced their price objective on Golden Entertainment from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Golden Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $38.20.

Golden Entertainment Trading Down 2.9 %

Shares of Golden Entertainment stock opened at $30.47 on Tuesday. The firm has a 50-day simple moving average of $31.07 and a two-hundred day simple moving average of $31.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.73 and a current ratio of 0.77. Golden Entertainment has a fifty-two week low of $27.42 and a fifty-two week high of $42.14. The company has a market cap of $882.08 million, a P/E ratio of 3.29 and a beta of 2.23.

Golden Entertainment (NASDAQ:GDEN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). Golden Entertainment had a negative return on equity of 0.33% and a net margin of 33.07%. The company had revenue of $167.33 million for the quarter, compared to analyst estimates of $176.34 million.

Golden Entertainment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, September 17th. Golden Entertainment’s dividend payout ratio is currently 10.79%.

Insiders Place Their Bets

In related news, Director Mark A. Lipparelli sold 773 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $33.32, for a total transaction of $25,756.36. Following the sale, the director now directly owns 82,740 shares of the company’s stock, valued at approximately $2,756,896.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 29.10% of the company’s stock.

Hedge Funds Weigh In On Golden Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in Golden Entertainment by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,204 shares of the company’s stock worth $6,876,000 after acquiring an additional 4,220 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Golden Entertainment by 5.1% in the fourth quarter. BNP Paribas Financial Markets now owns 20,164 shares of the company’s stock valued at $805,000 after buying an additional 983 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Golden Entertainment in the fourth quarter valued at $386,000. RK Capital Management LLC lifted its holdings in Golden Entertainment by 18.7% during the 4th quarter. RK Capital Management LLC now owns 210,100 shares of the company’s stock worth $8,389,000 after buying an additional 33,100 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Golden Entertainment by 12.0% during the 4th quarter. Gabelli Funds LLC now owns 169,000 shares of the company’s stock worth $6,748,000 after acquiring an additional 18,128 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.