Golden Entertainment, Inc., together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through two segments, Casinos and Distributed Gaming. The Casinos segment owns and operates ten resort casino properties in Nevada and Maryland. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, including restaurants, bars, and taverns, as well as convenience, liquor, and grocery stores in Nevada and Montana; and ownership and operation of branded taverns with slots, which target local patrons primarily in the greater Las Vegas, Nevada metropolitan area. As of March 11, 2021, it had approximately 16,000 slots in approximately 1,000 locations. The company was formerly known as Lakes Entertainment, Inc. and changed its name to Golden Entertainment, Inc. in July 2015. Golden Entertainment, Inc. was incorporated in 1998 and is headquartered in Las Vegas, Nevada.
IPO Year:
Exchange: NASDAQ
Website: goldenent.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/26/2024 | $46.00 | Buy | B. Riley Securities |
| 3/15/2024 | $45.00 | Buy | Truist |
| 1/9/2023 | $60.00 → $43.00 | Buy → Hold | Jefferies |
| 9/7/2022 | $64.00 | Buy | Jefferies |
| 6/28/2022 | $63.00 | Mkt Outperform | JMP Securities |
| 2/18/2022 | $61.00 → $66.00 | Buy | Deutsche Bank |
| 2/18/2022 | $64.00 → $66.00 | Outperform | Macquarie |
| 2/16/2022 | $70.00 | Buy | ROTH Capital |
| 10/25/2021 | $60.00 | Overweight | JP Morgan |
10-Q - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
8-K - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
10-Q - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
8-K - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
8-K - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
8-K - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
8-K - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
8-K - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
10-Q - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
8-K - GOLDEN ENTERTAINMENT, INC. (0001071255) (Filer)
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") today reported financial results for the third quarter ended September 30, 2024. The Company reported third quarter revenue of $161.2 million, net income of $5.2 million and Adjusted EBITDA of $34.0 million. In addition, on November 5, 2024, the Company's Board of Directors authorized the Company's recurring quarterly cash dividend of $0.25 per share of the Company's outstanding common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024. The Company's Board of Directors also increased the Company's share repurchase authorization by $100 million, creating $131.4 million of curren
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") announced today that it will release its 2024 third quarter financial results after the market closes on Thursday, November 7, 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 (877) 407-0789 or for international callers by dialing (201) 689-8562. A replay will be available beginning at 8:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 13749554. The replay wil
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 common stock payable on October 2, 2024 to shareholders of record as of September 17, 2024. Blake Sartini, Chairman and Chief Executive Officer of Golden, commented, "In the second quarter, we continued to strengthen our balance sh
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 callers by dialing (646) 307-1865. A replay will be available beginning at 8:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 1170998. The replay will
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") today reported financial results for the first quarter ended March 31, 2024. In the quarter, the Company reported first quarter revenue of $174.0 million, net income of $42.0 million and Adjusted EBITDA of $41.0 million. In addition, on May 2, 2024, the Company's Board of Directors declared the Company's recurring quarterly cash dividend of $0.25 per share of the Company's outstanding common stock, which is payable on July 2, 2024 to shareholders of record as of June 14, 2024. Blake Sartini, Chairman and Chief Executive Officer of Golden, commented, "We started 2024 by completing the sale of our non-core as
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 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 (888) 886-7786 or for international callers by dialing (416) 764-8658. A replay will be available beginning at 7:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 38689609. The replay will b
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") announced today that it will release its 2023 fourth quarter and full year financial results after the market closes on Thursday, February 29, 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 (833) 816-1405 or for international callers by dialing (412) 317-0498. A replay will be available beginning at 7:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 1018551
Third quarter revenue of $257.7 million, net income of $241.2 million and Adjusted EBITDA of $53.2 million Closed $260 million sale of Rocky Gap Casino Resort in July, closed $109 million sale of Montana distributed gaming business in September Paid special cash dividend of $2.00 per share in August, repurchased 252,395 shares of common stock in September Reduced term loans by $176 million in the third quarter, repurchased $49.3 million of unsecured notes in October Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden" or the "Company") today reported financial results for the third quarter ended September 30, 2023. Blake Sartini, Chairman and Chief Executive Officer of Golden,
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") announced today that it will release its 2023 third quarter financial results after the market closes on Thursday, November 2, 2023, 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 (833) 816-1405 or for international callers by dialing (412) 317-0498. A replay will be available beginning at 7:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 10182492. The replay wi
Second quarter revenue of $286.7 million, net income of $12.3 million and Adjusted EBITDA of $58.4 million Finished renovation of 537 rooms and pool area at The STRAT Completed $640 million debt refinancing in May Closed the sale of Rocky Gap Casino Resort in July and allocated $175 million of the proceeds to reduce debt Board approves $2.00 per share special dividend and increases share buyback authorization to $100 million Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden" or the "Company") today reported financial results for the second quarter ended June 30, 2023. Blake Sartini, Chairman and Chief Executive Officer of Golden, commented, "Ongoing room and pool renovatio
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4/A - GOLDEN ENTERTAINMENT, INC. (0001071255) (Issuer)
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") today reported financial results for the third quarter ended September 30, 2024. The Company reported third quarter revenue of $161.2 million, net income of $5.2 million and Adjusted EBITDA of $34.0 million. In addition, on November 5, 2024, the Company's Board of Directors authorized the Company's recurring quarterly cash dividend of $0.25 per share of the Company's outstanding common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024. The Company's Board of Directors also increased the Company's share repurchase authorization by $100 million, creating $131.4 million of curren
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") announced today that it will release its 2024 third quarter financial results after the market closes on Thursday, November 7, 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 (877) 407-0789 or for international callers by dialing (201) 689-8562. A replay will be available beginning at 8:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 13749554. The replay wil
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 common stock payable on October 2, 2024 to shareholders of record as of September 17, 2024. Blake Sartini, Chairman and Chief Executive Officer of Golden, commented, "In the second quarter, we continued to strengthen our balance sh
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 callers by dialing (646) 307-1865. A replay will be available beginning at 8:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 1170998. The replay will
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 the applicable base rate plus 1.25% and 2.25%, respectively. In addition, the repricing amendment will eliminate the Term SOFR Adjustment of 10 basis points with respect to loans under the Term Loan Facility, for a total interest r
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") today reported financial results for the first quarter ended March 31, 2024. In the quarter, the Company reported first quarter revenue of $174.0 million, net income of $42.0 million and Adjusted EBITDA of $41.0 million. In addition, on May 2, 2024, the Company's Board of Directors declared the Company's recurring quarterly cash dividend of $0.25 per share of the Company's outstanding common stock, which is payable on July 2, 2024 to shareholders of record as of June 14, 2024. Blake Sartini, Chairman and Chief Executive Officer of Golden, commented, "We started 2024 by completing the sale of our non-core as
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, May 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 (888) 886-7786 or for international callers by dialing (416) 764-8658. A replay will be available beginning at 7:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 38689609. The replay will b
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden" or the "Company") today announced that effective March 20, 2024, Blake Sartini II, Golden's Executive Vice President of Operations, became the Company's Chief Operating Officer. "Blake has worked in every capacity throughout our organization since he started at Golden almost 17 years ago," said Blake Sartini, Chairman and CEO of Golden. "His unique knowledge of our Company's culture, commitment to operational excellence, and strong leadership skills make him the ideal individual to be given responsibility for all our Nevada casino resorts, locals properties, tavern operations and related corporate functions." Blake Sartini II initially
Fourth quarter revenue of $230.7 million, net loss of $9.4 million and Adjusted EBITDA of $48.8 million 2023 full year revenue of $1.1 billion, net income of $255.8 million and Adjusted EBITDA of $222.5 million In January 2024 completed $213.5 million sale of the Nevada distributed gaming business; combined with non-core divestitures in 2023, generated over $600 million total proceeds Over $60 million of debt repaid in the fourth quarter; $239 million of total debt repaid in 2023 Initiated recurring quarterly cash dividend of $0.25 per share Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") today reported financial results for the fourth quar
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden Entertainment" or the "Company") announced today that it will release its 2023 fourth quarter and full year financial results after the market closes on Thursday, February 29, 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 (833) 816-1405 or for international callers by dialing (412) 317-0498. A replay will be available beginning at 7:00 p.m. ET that day and may be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the passcode is 1018551
B. Riley Securities resumed coverage of Golden Entertainment with a rating of Buy and set a new price target of $46.00
Truist initiated coverage of Golden Entertainment with a rating of Buy and set a new price target of $45.00
Jefferies downgraded Golden Entertainment from Buy to Hold and set a new price target of $43.00 from $60.00 previously
Jefferies resumed coverage of Golden Entertainment with a rating of Buy and set a new price target of $64.00
JMP Securities initiated coverage of Golden Entertainment with a rating of Mkt Outperform and set a new price target of $63.00
Deutsche Bank reiterated coverage of Golden Entertainment with a rating of Buy and set a new price target of $66.00 from $61.00 previously
Macquarie reiterated coverage of Golden Entertainment with a rating of Outperform and set a new price target of $66.00 from $64.00 previously
ROTH Capital resumed coverage of Golden Entertainment with a rating of Buy and set a new price target of $70.00
JP Morgan initiated coverage of Golden Entertainment with a rating of Overweight and set a new price target of $60.00
B. Riley FBR initiated coverage of Golden Entertainment with a rating of Buy and set a new price target of $48.00
4 analysts have expressed a variety of opinions on Golden Entertainment (NASDAQ:GDEN) over the past quarter, offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $39.75, a high estimate of $44.00, and a low estimate of $36.00. A negat
Truist Securities analyst Barry Jonas maintains Golden Entertainment (NASDAQ:GDEN) with a Buy and lowers the price target from $43 to $40.
JMP Securities analyst Jordan Bender maintains Golden Entertainment (NASDAQ:GDEN) with a Market Outperform and lowers the price target from $42 to $39.
4 analysts have shared their evaluations of Golden Entertainment (NASDAQ:GDEN) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 1 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $42.5, a high estimate of $45.00, and a low estimate of $36.00. Experiencing a 5.56% decline, the current average is
JMP Securities analyst Jordan Bender maintains Golden Entertainment (NASDAQ:GDEN) with a Market Outperform and lowers the price target from $45 to $42.
Deutsche Bank analyst Carlo Santarelli maintains Golden Entertainment (NASDAQ:GDEN) with a Buy and lowers the price target from $42 to $36.
Golden Entertainment (NASDAQ:GDEN) reported quarterly earnings of $1.37 per share which beat the analyst consensus estimate of $0.26 by 426.92 percent. This is a 260.53 percent increase over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $174.047 million which beat the analyst consensus estimate of $167.763 million by 3.75 percent. This is a 37.40 percent decrease over sales of $278.051 million the same period last year.
Gainers Lulus Fashion Lounge (NASDAQ:LVLU) stock moved upwards by 14.4% to $1.75 during Wednesday's after-market session. The market value of their outstanding shares is at $72.3 million. As per the news, the Q1 earnings report came out today. FAT Brands (NASDAQ:FATBP) shares rose 6.51% to $16.02. Allbirds (NASDAQ:BIRD) stock rose 6.45% to $0.66. The company's market cap stands at $102.8 million. As per the news, the Q1 earnings report came out today. Serve Robotics (NASDAQ:SERV) shares moved upwards by 4.86% to $2.8. Golden Entertainment (NASDAQ:GDEN) shares rose 4.73% to $32.1. The market value of their outstanding shares is at $929.2 million. As per the press release, Q1 earnings cam
Truist Securities analyst Barry Jonas maintains Golden Entertainment (NASDAQ:GDEN) with a Buy and lowers the price target from $45 to $44.
Golden Entertainment, Inc. (NASDAQ:GDEN) ("Golden" or the "Company") today announced that effective March 20, 2024, Blake Sartini II, Golden's Executive Vice President of Operations, became the Company's Chief Operating Officer."Blake has worked in every capacity throughout our organization since he started at Golden almost 17 years ago," said Blake Sartini, Chairman and CEO of Golden. "His unique knowledge of our Company's culture, commitment to operational excellence, and strong leadership skills make him the ideal individual to be given responsibility for all our Nevada casino resorts, locals properties, tavern operations and related corporate functions."Blake Sartini II initially joined