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

B. Riley began coverage on shares of Golden Entertainment (NASDAQ:GDEN) in a research report report published on Friday morning, StockNewsAPI reports. The brokerage issued a buy rating and a $46.00 target price 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.

GDEN has been the subject of a number of other reports. JMP Securities decreased their price objective on Golden Entertainment from $48.00 to $45.00 and set a market outperform rating for the company in a research report on Friday, March 1st. StockNews.com cut Golden Entertainment from a buy rating to a hold rating in a research report on Monday, March 4th. Finally, Truist Financial decreased their price objective on Golden Entertainment from $45.00 to $44.00 and set a buy rating for the company in a research report on Tuesday, April 23rd.

Golden Entertainment Stock Up 1.0 %

Shares of NASDAQ GDEN opened at $32.74 on Friday. The stock has a market cap of $947.82 million, a PE ratio of 3.95 and a beta of 2.25. 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. The business has a 50-day moving average price of $34.83 and a 200 day moving average price of $36.58.

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

Golden Entertainment Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Monday, March 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Friday, March 15th. Golden Entertainment’s payout ratio is 12.08%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in shares of Golden Entertainment by 86.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,048 shares of the company’s stock worth $36,000 after purchasing an additional 487 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Golden Entertainment by 44.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,012 shares of the company’s stock valued at $171,000 after purchasing an additional 1,549 shares in the last quarter. Inscription Capital LLC acquired a new stake in shares of Golden Entertainment during the 1st quarter valued at $226,000. New York State Teachers Retirement System lifted its position in shares of Golden Entertainment by 6.7% during the 1st quarter. New York State Teachers Retirement System now owns 6,272 shares of the company’s stock valued at $231,000 after acquiring an additional 394 shares during the last quarter. Finally, MGO One Seven LLC lifted its position in shares of Golden Entertainment by 13.3% during the 3rd quarter. MGO One Seven LLC now owns 9,897 shares of the company’s stock valued at $338,000 after acquiring an additional 1,164 shares during the last quarter. Institutional investors and hedge funds 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.