Golden Entertainment (NASDAQ:GDEN) Coverage Initiated at B. Riley

Analysts at B. Riley began coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a note issued to investors on Friday, StockNewsAPI reports. The brokerage set a “buy” rating and a $46.00 price target on the stock. B. Riley’s price target indicates a potential upside of 41.93% from the company’s previous close. 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.

Other analysts have also recently issued research reports about the stock. Truist Financial cut their target price on shares of Golden Entertainment from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. JMP Securities cut their target price on shares of Golden Entertainment from $48.00 to $45.00 and set a “market outperform” rating for the company in a research note on Friday, March 1st. Finally, StockNews.com cut shares of Golden Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, March 4th.

Golden Entertainment Stock Down 2.4 %

GDEN stock opened at $32.41 on Friday. The stock has a market capitalization of $938.27 million, a P/E ratio of 3.91 and a beta of 2.25. The firm has a 50-day simple moving average of $34.93 and a 200-day simple moving average of $36.58. The company has a quick ratio of 2.30, a current ratio of 2.35 and a debt-to-equity ratio of 1.22. Golden Entertainment has a 52 week low of $30.38 and a 52 week high of $47.49.

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

Institutional Trading of Golden Entertainment

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Golden Entertainment by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,556,412 shares of the company’s stock valued at $53,198,000 after purchasing an additional 3,988 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Golden Entertainment in the 3rd quarter valued at about $35,680,000. Gamco Investors INC. ET AL boosted its holdings in Golden Entertainment by 156.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 609,050 shares of the company’s stock valued at $20,817,000 after purchasing an additional 371,850 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Golden Entertainment by 3.0% in the 3rd quarter. William Blair Investment Management LLC now owns 454,556 shares of the company’s stock valued at $15,537,000 after purchasing an additional 13,358 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Golden Entertainment by 6.5% in the 4th quarter. Jennison Associates LLC now owns 414,810 shares of the company’s stock valued at $16,563,000 after purchasing an additional 25,355 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

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.