Golden Entertainment Inc (GDEN)
NASDAQ:GDEN
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Golden Entertainment
(NASDAQ:GDEN)
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Rating:56Neutral
Price Target:
$30.00
▲(13.68% Upside)
Action:ReiteratedDate:02/27/26
The score is held back primarily by weakening financial performance (revenue contraction and a shift to a small TTM net loss despite stable margins and positive free cash flow) and an unfavorable valuation (very high P/E). These negatives are partially offset by improving leverage versus earlier years and supportive technical momentum with the stock trading above key moving averages and a positive MACD.
Positive Factors
Diversified revenue streams
Multiple, structurally different revenue channels reduce single-market dependence and smooth cycles. Casino operations provide stable foot-traffic receipts, distributed gaming adds recurring placement revenue, and sports betting benefits from secular legalization trends supporting medium-term revenue resilience.
Negative Factors
Revenue and EPS contraction
Steep revenue and earnings declines indicate weakening demand and deteriorating operating leverage. Sustained top-line contraction compresses margins, erodes reinvestment capacity, and raises execution risk, making returns and cash generation less predictable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Multiple, structurally different revenue channels reduce single-market dependence and smooth cycles. Casino operations provide stable foot-traffic receipts, distributed gaming adds recurring placement revenue, and sports betting benefits from secular legalization trends supporting medium-term revenue resilience.
Read all positive factors
Golden Entertainment (GDEN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$697.46M
Dividend Yield3.71%
Average Volume (3M)151.31K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth-12.25%
EPS Growth-84.89%
CountryUS
Employees5,300
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.28
Shares Outstanding26,398,811
10 Day Avg. Volume141,851
30 Day Avg. Volume151,309
Financial Highlights & Ratios
PEG Ratio1.05
Price to Book (P/B)1.70
Price to Sales (P/S)1.13
P/FCF Ratio20.08
Enterprise Value/Market Cap1.76
Enterprise Value/Revenue1.94
Enterprise Value/Gross Profit4.90
Enterprise Value/Ebitda10.99
Forecast
1Y Price Target
$29.00Price Target Upside9.89% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.77
Revenue Forecast (FY)$657.07M
Golden Entertainment Business Overview & Revenue Model
Company Description
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 four segments: Nevada Casino Resorts, Nevada Locals Casin...
How the Company Makes Money
Golden Entertainment generates revenue through multiple streams, primarily from its casino operations, which include slot machines, table games, and poker. The company also benefits from its distributed gaming segment, which involves operating gam...
Golden Entertainment Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with strong performance in Nevada locals casinos and positive legislative impacts, but challenges on the Las Vegas Strip and in the tavern business. While the Laughlin market remains stable, the STRAT faces occupancy and revenue pressures.Positive Updates
Strong Performance in Nevada Locals Casinos
Nevada locals casinos achieved their highest quarterly EBITDA in the past 2 years, growing EBITDA by over 9% and improving margins by 170 basis points to over 46%.
Negative Updates
Summer Slowdown on Las Vegas Strip
The Las Vegas Strip experienced a significant slowdown, with STRAT occupancy falling to 60% in June from 76% the previous year, impacting EBITDA.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Performance in Nevada Locals Casinos
Nevada locals casinos achieved their highest quarterly EBITDA in the past 2 years, growing EBITDA by over 9% and improving margins by 170 basis points to over 46%.
Read all positive updates
Company Guidance
During the Golden Entertainment Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and insights into its performance and future outlook. In Q2, the company reported revenue of $163.6 million and EBITDA of $38.4 million. Their Nevada locals' casinos exhibited strong performance, with quarterly EBITDA showing a 7% increase from the prior year, driven by a 9% EBITDA growth in their Las Vegas Locals Casinos, and improved margins up 170 basis points to over 46%. The Casino Resorts segment saw a revenue decline of 3% and a 5% drop in EBITDA, primarily due to a low table game hold in Laughlin. The STRAT faced a challenging environment with a 4% drop in occupancy to 69%, resulting in a 5% decrease in EBITDA, despite cost management efforts. The tavern business experienced a 7% revenue decline year-over-year. Looking ahead, the company anticipates benefits from recent legislation, including tax relief on tips and increased deductions for seniors, which are expected to positively impact their local properties in 2026. The company also expects to gain from the "Big Beautiful Bill," predicting an extra $10 to $15 million in tax shield. Golden Entertainment remains optimistic about future demand stabilization and growth, particularly in their local properties and taverns, as they continue to navigate a dynamic market landscape.Golden Entertainment Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
57
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 634.91M | 666.82M | 1.05B | 1.12B | 1.10B |
| Gross Profit | 250.95M | 360.93M | 453.13M | 484.57M | 496.20M |
| EBITDA | 111.81M | 135.11M | 486.41M | 249.00M | 273.99M |
| Net Income | -6.04M | 50.73M | 255.76M | 82.35M | 161.78M |
Balance Sheet | |||||
| Total Assets | 1.02B | 1.08B | 1.45B | 1.51B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 55.33M | 57.73M | 157.55M | 136.89M | 220.54M |
| Total Debt | 587.36M | 504.04M | 758.19M | 1.07B | 1.21B |
| Total Liabilities | 597.19M | 605.68M | 914.55M | 1.16B | 1.30B |
| Stockholders Equity | 420.90M | 474.23M | 537.73M | 352.92M | 319.54M |
Cash Flow | |||||
| Free Cash Flow | 35.58M | 42.44M | 33.33M | 98.78M | 266.52M |
| Operating Cash Flow | 83.06M | 92.34M | 119.20M | 150.20M | 295.77M |
| Investing Cash Flow | -47.37M | 147.23M | 266.92M | -51.27M | -28.89M |
| Financing Cash Flow | -38.09M | -379.44M | -330.56M | -177.44M | -149.91M |
Golden Entertainment Technical Analysis
Negative
26.39
Price Trends
27.67
Negative
27.39
Negative
26.35
Positive
Market Momentum
-0.41
Positive
34.15
Neutral
19.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GDEN, the sentiment is Negative. The current price of 26.39 is below the 20-day moving average (MA) of 27.65, below the 50-day MA of 27.67, and above the 200-day MA of 26.35, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 34.15 is Neutral, neither overbought nor oversold. The STOCH value of 19.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GDEN.
Golden Entertainment Risk Analysis
Golden Entertainment disclosed 28 risk factors in its most recent earnings report. Golden Entertainment reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Golden Entertainment Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $904.58M | 18.85 | 18.43% | ― | 7.97% | 0.92% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $697.46M | ― | -1.37% | 3.71% | -12.25% | -84.89% | |
56 Neutral | $82.50M | -2.34 | -233.17% | ― | 7.45% | 5.03% | |
53 Neutral | $185.90M | -16.00 | 184.28% | ― | 4.03% | ― | |
47 Neutral | $548.94M | 1.74 | 78.33% | ― | 0.36% | 47.55% | |
40 Neutral | $558.40M | -2.91 | -10.84% | ― | 9.50% | 24.64% |
* Consumer Cyclical Sector Average
GDEN
Golden Entertainment
26.42
-0.13
-0.50%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.