Jefferies Financial Group Comments on Golden Entertainment Inc’s Q1 2021 Earnings (NASDAQ:GDEN)

Golden Entertainment Inc (NASDAQ:GDEN) – Analysts at Jefferies Financial Group issued their Q1 2021 earnings per share estimates for shares of Golden Entertainment in a research note issued to investors on Thursday, September 10th. Jefferies Financial Group analyst D. Katz expects that the company will post earnings per share of ($0.44) for the quarter. Jefferies Financial Group also issued estimates for Golden Entertainment’s Q2 2021 earnings at ($0.31) EPS, Q3 2021 earnings at ($0.34) EPS and Q4 2021 earnings at ($0.37) EPS.

Golden Entertainment (NASDAQ:GDEN) last released its quarterly earnings results on Thursday, August 6th. The company reported ($2.20) EPS for the quarter, missing the consensus estimate of ($1.90) by ($0.30). The business had revenue of $75.97 million during the quarter, compared to analyst estimates of $53.18 million. Golden Entertainment had a negative net margin of 16.69% and a negative return on equity of 39.72%.

Several other analysts have also recently commented on the company. BidaskClub upgraded Golden Entertainment from a “hold” rating to a “buy” rating in a research report on Thursday, August 13th. ValuEngine downgraded Golden Entertainment from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 1st. Finally, Zacks Investment Research downgraded Golden Entertainment from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.50.

Shares of GDEN stock opened at $12.73 on Friday. Golden Entertainment has a 52 week low of $3.55 and a 52 week high of $21.67. The company has a debt-to-equity ratio of 7.19, a current ratio of 0.99 and a quick ratio of 0.94. The company’s fifty day simple moving average is $11.26 and its 200-day simple moving average is $10.05.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in Golden Entertainment by 2,695.5% in the first quarter. Tower Research Capital LLC TRC now owns 5,619 shares of the company’s stock worth $37,000 after purchasing an additional 5,418 shares during the period. Perennial Investment Advisors LLC acquired a new position in Golden Entertainment during the second quarter worth $89,000. Trexquant Investment LP acquired a new position in Golden Entertainment during the second quarter worth $99,000. Two Sigma Investments LP acquired a new position in Golden Entertainment during the first quarter worth $103,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Golden Entertainment during the first quarter worth $111,000. 47.77% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Sean T. Higgins sold 4,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $10.22, for a total value of $45,990.00. Following the completion of the sale, the executive vice president now directly owns 66,884 shares of the company’s stock, valued at $683,554.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 36.40% of the stock is owned by corporate insiders.

Golden Entertainment Company Profile

Golden Entertainment, Inc engages in the development, finance, management, and ownership of casino properties. It operates through the Distributed Gaming and Casinos segments. The Distributed Gaming segment involves in the installation, maintenance, and operation of slots and amusement devices in non-casino locations such as grocery stores, convenience stores, liquor stores, restaurants, bars, and taverns; and the operation of wholly-owned branded taverns targeting local patrons.

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Earnings History and Estimates for Golden Entertainment (NASDAQ:GDEN)

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