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Golden Entertainment, Inc. (NASDAQ:GDEN) stock has reached a 52-week low, dipping to $27.35 as the company faces a challenging market environment. According to InvestingPro data, the RSI indicates oversold conditions, while analyst targets range from $31 to $40, suggesting potential upside. Management has shown confidence through aggressive share buybacks. This latest price level reflects a significant downturn from the stock’s performance over the past year, with Lakes Entertainment , the parent company, experiencing a 1-year change of -18.41%. Investors are closely monitoring the stock as it navigates through the current economic headwinds, assessing the potential for recovery or further decline in the coming quarters. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of GDEN’s current position and future prospects.
In other recent news, Golden Entertainment reported its fourth-quarter 2024 earnings, revealing both a revenue and earnings per share (EPS) miss compared to analyst forecasts. The company posted a revenue of $164.2 million, which was below the expected $168.83 million, and an EPS of $0.10, falling short of the projected $0.22. Despite these results, Golden Entertainment remains optimistic about its growth prospects and strategic initiatives. The company achieved a quarterly EBITDA of $39 million, contributing to a full-year EBITDA of $155 million. In strategic moves, Golden Entertainment repurchased 2.9 million shares, returning $190 million to shareholders, and divested its Nevada distributed business for over $600 million, strengthening its balance sheet. Analysts at Citizens JMP raised the company’s stock target to $37, maintaining a Market Outperform rating, following the company’s Locals segment outperforming expectations. However, challenges remain, as the Taverns segment faced a 10% shortfall due to increased costs. The company is focused on development opportunities in Las Vegas and improving tavern performance as part of its strategic focus for 2025.
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