Golden Entertainment, Inc. (NASDAQ:GDEN – Get Rating) – Equities analysts at B. Riley dropped their FY2022 earnings per share (EPS) estimates for Golden Entertainment in a research note issued on Friday, November 4th. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of $2.89 for the year, down from their prior forecast of $2.95. The consensus estimate for Golden Entertainment’s current full-year earnings is $2.96 per share. B. Riley also issued estimates for Golden Entertainment’s Q2 2023 earnings at $0.62 EPS and Q3 2023 earnings at $0.53 EPS.
Golden Entertainment (NASDAQ:GDEN – Get Rating ) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The firm had revenue of $278.99 million for the quarter, compared to analyst estimates of $268.92 million. Golden Entertainment had a net margin of 8.04% and a return on equity of 27.71%.
A number of other equities research analysts also recently commented on GDEN. CBRE Group restated a “buy” rating and issued a $58.00 price objective on shares of Golden Entertainment in a research report on Thursday, October 20th. StockNews.com began coverage on shares of Golden Entertainment in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Golden Entertainment from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Finally, JMP Securities reduced their price target on shares of Golden Entertainment from $62.00 to $59.00 and set a “market outperform” rating for the company in a research report on Monday, October 17th. Seven research analysts have rated the stock with a buy rating. According to MarketBeat.com data, Golden Entertainment has an average rating of “Buy” and a consensus target price of $62.33.
Golden Entertainment Price Performance
Shares of NASDAQ:GDEN opened at $41.79 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.91 and a debt-to-equity ratio of 2.84. The company has a market cap of $1.19 billion, a P/E ratio of 14.77 and a beta of 2.42. Golden Entertainment has a 52 week low of $32.53 and a 52 week high of $59.96. The company has a 50-day moving average price of $39.06 and a 200-day moving average price of $41.90.
Institutional inflows and outflows
Several institutional investors have recently modified their holdings of GDEN. BlackRock Inc. grew its stake in Golden Entertainment by 155.9% in the 1st quarter. BlackRock Inc. now owns 2,908,507 shares of the company’s stock valued at $168,896,000 after acquiring an additional 1,771,873 shares during the period. Capital Research Global Investors grew its stake in Golden Entertainment by 27.1% in the 1st quarter. Capital Research Global Investors now owns 2,066,100 shares of the company’s stock valued at $119,978,000 after acquiring an additional 441,100 shares during the period. Vanguard Group Inc. grew its stake in Golden Entertainment by 20.8% in the 1st quarter. Vanguard Group Inc. now owns 1,322,194 shares of the company’s stock valued at $76,780,000 after acquiring an additional 227,562 shares during the period. Hood River Capital Management LLC grew its stake in Golden Entertainment by 2.5% in the 1st quarter. Hood River Capital Management LLC now owns 747,241 shares of the company’s stock valued at $43,392,000 after acquiring an additional 18,009 shares during the period. Finally, State Street Corp grew its stake in Golden Entertainment by 7.8% in the 2nd quarter. State Street Corp now owns 687,862 shares of the company’s stock valued at $27,205,000 after acquiring an additional 49,711 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.
Insider buying and selling
In related news, COO Stephen Arcana sold 12,500 shares of Golden Entertainment stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $37.96, for a total transaction of $474,500.00. Following the completion of the transaction, the chief operating officer now directly owns 306,191 shares in the company, valued at approximately $11,623,010.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. Insiders own 30.00% of the company’s shares.
Golden Entertainment Company Profile
Golden Entertainment, Inc. is involved in the development, finance, management and ownership of casino properties. It operates through the following segments: Distributed Games and Casinos. The Distributed Gaming segment is engaged in the installation, maintenance and operation of slots and entertainment devices in non-casino locations such as grocery, convenience and liquor stores, restaurants, bars and taverns, and the operation of wholly owned branded taverns that target. local patrons.
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