Q4 2024 EPS Estimates for Golden Entertainment, Inc. (NASDAQ:GDEN) Lowered by Analyst

Golden Entertainment, Inc. (NASDAQ:GDEN) – Equities researchers at B. Riley lowered their Q4 2024 earnings estimates for shares of Golden Entertainment in a report issued on Sunday, September 22nd. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.27. B. Riley has a “Buy” rating and a $40.00 price target 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.

Other analysts also recently issued research reports about the stock. Macquarie reduced their price target on shares of Golden Entertainment from $44.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. StockNews.com downgraded shares of Golden Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Truist Financial cut their price objective on shares of Golden Entertainment from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, JMP Securities cut their price objective on shares of Golden Entertainment from $39.00 to $36.00 and set a “market outperform” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.20.

Golden Entertainment Stock Performance

NASDAQ GDEN opened at $31.32 on Tuesday. The company has a fifty day simple moving average of $31.08 and a 200 day simple moving average of $31.65. Golden Entertainment has a 12-month low of $27.42 and a 12-month high of $42.14. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.72. The company has a market cap of $906.68 million, a P/E ratio of 3.38 and a beta of 2.23.

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

Institutional Investors Weigh In On Golden Entertainment

Hedge funds have recently made changes to their positions in the business. William Blair Investment Management LLC raised its stake in Golden Entertainment by 132.1% in the 2nd quarter. William Blair Investment Management LLC now owns 1,486,689 shares of the company’s stock valued at $46,251,000 after acquiring an additional 846,269 shares during the period. Assenagon Asset Management S.A. raised its stake in Golden Entertainment by 2,745.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 183,156 shares of the company’s stock valued at $5,698,000 after acquiring an additional 176,720 shares during the period. Jennison Associates LLC raised its stake in Golden Entertainment by 31.4% in the 1st quarter. Jennison Associates LLC now owns 545,014 shares of the company’s stock valued at $20,073,000 after acquiring an additional 130,204 shares during the period. Systematic Financial Management LP increased its position in shares of Golden Entertainment by 78.2% during the second quarter. Systematic Financial Management LP now owns 283,020 shares of the company’s stock valued at $8,805,000 after buying an additional 124,218 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Golden Entertainment by 100.9% during the second quarter. Dimensional Fund Advisors LP now owns 163,629 shares of the company’s stock valued at $5,089,000 after buying an additional 82,175 shares during the period. 70.73% of the stock is currently owned by institutional investors.

Insider Transactions at Golden Entertainment

In other news, Director Mark A. Lipparelli sold 773 shares of Golden Entertainment 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 directly owns 82,740 shares in the company, valued at approximately $2,756,896.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 29.10% of the company’s stock.

Golden Entertainment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, September 17th. Golden Entertainment’s payout ratio is 10.79%.

About Golden Entertainment

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.