Guttenberg is honored with a star on the Hollywood Walk of Fame under the category of Motion Pictures. The actor thanked his parents during his induction speech:
You let me come out here when I was 17 years old and $300 in my pocket… For a few months, dad, you and I didn’t talk too well because you didn’t want me to come out here. I just want you to know you are my king and queen, you’re everything to me. To have you here means everything to me.