Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) – B. Riley boosted their FY2022 earnings estimates for shares of Golden Entertainment in a research note issued to investors on Friday, May 6th. B. Riley analyst D. Bain now forecasts that the company will post earnings of $3.62 per share for the year, up from their prior forecast of $3.41. B. Riley currently has a “Buy” rating on the stock.
GDEN has been the topic of a number of other research reports. StockNews.com upgraded shares of Golden Entertainment from a “buy” rating to a “strong-buy” rating in a report on Friday. Roth Capital initiated coverage on shares of Golden Entertainment in a research report on Wednesday, February 16th. They set a “buy” rating and a $70.00 price objective for the company. Macquarie increased their price target on shares of Golden Entertainment from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, February 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Golden Entertainment from $66.00 to $57.00 in a research note on Friday. Finally, Zacks Investment Research raised shares of Golden Entertainment from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Friday, April 22nd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Golden Entertainment has an average rating of “Buy” and an average price target of $64.17.
Golden Entertainment (NASDAQ:GDEN – Get Rating) last posted its quarterly earnings data on Thursday, February 17th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.07). Golden Entertainment had a return on equity of 56.72% and a net margin of 16.56%. The company had revenue of $281.96 million during the quarter, compared to analyst estimates of $264.84 million. During the same period in the previous year, the company earned ($0.44) EPS.
Institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund acquired a new position in shares of Golden Entertainment during the first quarter valued at approximately $837,000. Buckley Wealth Management LLC grew its position in Golden Entertainment by 26.1% in the first quarter. Buckley Wealth Management LLC now owns 226,286 shares of the company’s stock worth $13,140,000 after acquiring an additional 46,886 shares during the period. Victory Capital Management Inc. grew its position in Golden Entertainment by 6.3% in the first quarter. Victory Capital Management Inc. now owns 16,001 shares of the company’s stock worth $767,000 after acquiring an additional 944 shares during the period. Versor Investments LP purchased a new position in Golden Entertainment in the first quarter worth approximately $587,000. Finally, Jackson Creek Investment Advisors LLC boosted its position in shares of Golden Entertainment by 6.1% during the first quarter. Jackson Creek Investment Advisors LLC now owns 24,781 shares of the company’s stock worth $1,439,000 after buying an additional 1,426 shares during the period. Institutional investors and hedge funds own 68.88% of the company’s stock.
In related news, CEO Blake L. Sartini sold 600,000 shares of Golden Entertainment stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $46.30, for a total transaction of $27,780,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Blake L. Sartini sold 75,000 shares of Golden Entertainment stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $55.32, for a total value of $4,149,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 860,129 shares of company stock valued at $42,409,156. 41.10% of the stock is owned by company insiders.
Golden Entertainment Company Profile (Get Rating)
Golden Entertainment, Inc, together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities.
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