Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
Blake L. Sartini II, Executive Vice President of Operations at Golden Entertainment, Inc. (NASDAQ:GDEN), recently executed several transactions involving the company’s common stock. These trades come as the stock trades near its 52-week low of $25.17, having declined 8.75% in the past week. According to the latest SEC filings, Sartini sold a total of 23,979 shares on March 13, 2025, at a weighted average price of $25.87 per share, amounting to approximately $620,336. InvestingPro analysis shows the stock is currently trading near its Fair Value, with analysts maintaining a bullish outlook on the company.
In addition to the sales, Sartini also exercised stock options on multiple occasions. On March 12 and March 13, he acquired a total of 50,000 shares through option exercises, with prices ranging from $0 to $5.34, for a combined value of $267,000. Furthermore, several restricted stock units were converted into common stock on March 14, adding another 24,374 shares to his holdings. For deeper insights into insider trading patterns and comprehensive analysis, including 12+ additional ProTips, check out the detailed Golden Entertainment research report on InvestingPro.
The transactions also included shares being withheld to cover tax obligations, totaling $899,417, with prices ranging from $25.62 to $26.74. Following these transactions, Sartini’s direct ownership stands at 154,170 shares in the $696 million market cap company, which currently trades at a P/E ratio of 14.5x.
In other recent news, Golden Entertainment reported its fourth-quarter 2024 earnings, revealing a significant shortfall in earnings per share (EPS) compared to analyst forecasts. The company posted an EPS of $0.10, missing the forecast of $0.22, and reported revenues of $164.2 million, which fell short of the expected $168.83 million. Despite these results, Golden Entertainment achieved an EBITDA of $39 million for the quarter, contributing to a full-year EBITDA of $155 million. The company also repurchased 2.9 million shares, returning $190 million to shareholders, and continues to focus on development opportunities in Las Vegas and improving tavern performance.
Citizens JMP recently raised the price target for Golden Entertainment shares to $37, maintaining a Market Outperform rating. This adjustment came after the company’s fourth-quarter performance, where revenues were slightly below expectations, but EBITDA exceeded consensus estimates. Analysts remain optimistic about the company’s potential to adjust its expenses within the Taverns segment and improve its performance going into 2025. Throughout 2024, Golden Entertainment faced several challenges, including a decline in same-store revenue and EBITDA due to adverse weather and disruptions from renovations. However, management noted stability from the lower end of the customer database, aligning with positive trends from other gaming companies during the earnings season.
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