Golden Entertainment
GDEN

$32.04

1.02%

Market Cap: $928M

About: Golden Entertainment Inc is a U.S. based company that focuses on distributed gaming, casino, and resort operations. Its reportable segments are Nevada Casino Resorts, Nevada Locals Casinos, Nevada Taverns, and Distributed Gaming. The majority of the revenue for the company is generated from its Nevada Casino Resorts segment which is comprised of destination casino resort properties offering a variety of food and beverage outlets, entertainment venues, and other amenities.

Employees: 6,400

Consumer Discretionary Miscellaneous Amusement & Recreation

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

468% more call options, than puts

Call options by funds: $460K | Put options by funds: $81K

64% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 42

54% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 24

9% more funds holding

Funds holding: 149 [Q1] → 162 (+13) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]

3.97% less ownership

Funds ownership: 73.28% [Q1] → 69.31% (-3.97%) [Q2]

19% less capital invested

Capital invested by funds: $770M [Q1] → $621M (-$149M) [Q2]

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Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$36

12%

upside

Avg. target

$39

21%

upside

High target

$41

28%

upside

5 analyst ratings

5 positive

100%

0 neutral

0%

0 negative

0%

Macquarie Chad Beynon 58% 1-year accuracy 15 / 26 met price target	28%upside $41	Outperform Maintained	9 Aug 2024
Truist Securities Barry Jonas 61% 1-year accuracy 27 / 44 met price target	19%upside $38	Buy Maintained	9 Aug 2024
JMP Securities Jordan Bender 55% 1-year accuracy 27 / 49 met price target	12%upside $36	Market Outperform Maintained	9 Aug 2024
Truist Securities Barry Jonas 61% 1-year accuracy 27 / 44 met price target	25%upside $40	Buy Maintained	18 Jul 2024
JMP Securities Jordan Bender 55% 1-year accuracy 27 / 49 met price target	22%upside $39	Market Outperform Maintained	17 Jul 2024

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Financial journalist opinion

Golden Entertainment, Inc. (GDEN) Q2 2024 Earnings Call Transcript

Golden Entertainment, Inc. (NASDAQ:GDEN ) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants James Adams - Investor Relations Blake Sartini - Founder, Chairman and Chief Executive Officer Charles Protell - President and Chief Financial Officer Conference Call Participants Barry Jonas - Truist Securities Jordan Bender - Citizens JMP David Katz - Jefferies Group John DeCree - CBRE Chad Beynon - Macquarie Carlo Santarelli - Deutsche Bank Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Golden Entertainment, Inc. (GDEN) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Golden Entertainment (GDEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Golden Entertainment (GDEN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Golden Entertainment (GDEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Golden Entertainment (GDEN) Misses Q2 Earnings and Revenue Estimates

Golden Entertainment (GDEN) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.40 per share a year ago.

Golden Entertainment (GDEN) Misses Q2 Earnings and Revenue Estimates

Golden Entertainment Reports 2024 Second Quarter Results

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today reported financial results for the second quarter ended June 30, 2024. The Company reported second quarter revenue of $167.3 million, net income of $0.6 million and Adjusted EBITDA of $41.2 million. In addition, on August 6, 2024, the Company's Board of Directors authorized the Company's third recurring quarterly cash dividend of $0.25 per share of the Company's outstanding comm.

Golden Entertainment Reports 2024 Second Quarter Results

Zacks Investment Research

Countdown to Golden Entertainment (GDEN) Q2 Earnings: Wall Street Forecasts for Key Metrics

Get a deeper insight into the potential performance of Golden Entertainment (GDEN) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Countdown to Golden Entertainment (GDEN) Q2 Earnings: Wall Street Forecasts for Key Metrics

Golden Entertainment to Report 2024 Second Quarter Results on August 8 and Host Conference Call and Webcast

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2024 second quarter financial results after the market closes on Thursday, August 8, 2024, and host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) that day. Both the call and webcast are open to the general public. The conference call may be accessed live over the phone by dialing (800) 717-1738 or for international ca.

Golden Entertainment to Report 2024 Second Quarter Results on August 8 and Host Conference Call and Webcast

Golden Entertainment: Current Divestitures And Attractive Valuation Offer Compelling Opportunity

Golden Entertainment completed the sale of the Distributed Gaming sector and Maryland Casino Resort to focus on its Nevada operations and improve its margins. The fund from the divestitures was primarily used to significantly lower the leverage and reduce the interest expenses. Completion of major renovations in Golden's most valuable asset, The STRAT, along with the opening of Atomic Golf in March can boost the revenue and EBITDA.

Golden Entertainment: Current Divestitures And Attractive Valuation Offer Compelling Opportunity

Golden Entertainment's Strategic Growth And Undervaluation

Golden Entertainment is positioned for future growth through strategic initiatives and an undervalued stock price. Financial performance shows a decline in revenue due to asset sales, but improved margins indicate a more focused portfolio. Opportunities like Atomic Golf and tavern expansion offer potential for revenue growth, despite challenges in the competitive Nevada gaming market.

Golden Entertainment's Strategic Growth And Undervaluation

Golden Entertainment Announces Repricing of Term Loan

LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) today announced it has repriced and allocated its existing term loan credit facility due 2030 (the “Term Loan Facility”). The repricing amendment, which is subject to execution of definitive documentation and customary closing conditions, will reduce the applicable margin under the Term Loan Facility by 50 basis points, such that base rate loans and SOFR loans will bear interest at th.

Golden Entertainment Announces Repricing of Term Loan

The 3 Best Casino Stocks With Dividends to Bet On in May 2024

Although the revenge travel phenomenon appears to have faded, the broader industry could still be enticing, thereby making an attractive case for casino stocks with dividends. During the worst of the Covid-19 crisis, quarantined households longed for the day when normalcy would return.

The 3 Best Casino Stocks With Dividends to Bet On in May 2024

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