Golden Entertainment (GDEN)
NASDAQ:GDEN
Want to see GDEN full AI Analyst Report?
Top Page
Golden Entertainment
(NASDAQ:GDEN)
Select Model
Select Model
Rating:53Neutral
Price Target:
$29.00
▲(0.87% Upside)
Action:ReiteratedDate:05/01/26
The score is held back primarily by weakening financial performance (TTM loss and revenue contraction) and significant corporate-event risk tied to the going-private/delisting and leadership upheaval. Support comes from still-positive cash generation and a moderately constructive technical setup, with dividend yield helping offset a negative P/E.
Positive Factors
Positive cash generation
Sustained positive operating cash flow and FCF provide durable internal funding for capital expenditure, maintenance of casino assets, and debt service. This cash-generation capacity supports operations and optionality over months even as revenue softens, preserving financial flexibility.
Negative Factors
Revenue contraction and TTM loss
A move from healthy profits to a TTM net loss and contracting revenue weakens operating leverage and undermines earnings reliability. Sustained revenue declines can erode investment capacity, constrain marketing and property upkeep, and pressure long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Sustained positive operating cash flow and FCF provide durable internal funding for capital expenditure, maintenance of casino assets, and debt service. This cash-generation capacity supports operations and optionality over months even as revenue softens, preserving financial flexibility.
Read all positive factors
Golden Entertainment (GDEN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$753.69M
Dividend Yield3.71%
Average Volume (3M)170.95K
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue Growth-4.78%
EPS Growth-113.11%
CountryUS
Employees5,300
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.23
Shares Outstanding26,398,811
10 Day Avg. Volume242,345
30 Day Avg. Volume170,953
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 Cap1.71
Enterprise Value/Revenue2.03
Enterprise Value/Gross Profit5.12
Enterprise Value/Ebitda11.49
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.57
Revenue Forecast (FY)$652.00M
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 primarily makes money through gaming and hospitality operations across two main areas: (1) owned casino and resort properties and (2) distributed gaming and tavern operations. In its casino/resort business, revenue is generate...
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
Positive
28.75
Price Trends
27.73
Positive
27.58
Positive
26.33
Positive
Market Momentum
0.26
Negative
68.57
Neutral
90.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GDEN, the sentiment is Positive. The current price of 28.75 is above the 20-day moving average (MA) of 27.19, above the 50-day MA of 27.73, and above the 200-day MA of 26.33, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 68.57 is Neutral, neither overbought nor oversold. The STOCH value of 90.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $925.44M | 15.35 | 19.26% | ― | 8.42% | 22.76% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $194.83M | -9.44 | 184.28% | ― | 1.47% | -124.61% | |
56 Neutral | $91.20M | -1.90 | -233.17% | ― | 3.53% | 4.02% | |
53 Neutral | $753.69M | -20.89 | -1.37% | 3.71% | -4.78% | -113.11% | |
53 Neutral | $504.67M | 10.24 | -10.84% | ― | 9.05% | 59.31% | |
47 Neutral | $641.95M | -0.71 | -116.69% | ― | 8.42% | -8.45% |
* Consumer Cyclical Sector Average
GDEN
Golden Entertainment
28.55
3.56
14.24%
FLL
Full House Resorts
2.52
-0.78
-23.64%
INSE
Inspired Entertainment
7.20
-0.60
-7.69%
ACEL
Accel Entertainment
11.37
-0.01
-0.09%
MSC
Studio City International Holdings
2.40
-0.98
-28.93%
BALY
Bally's Corporation
13.17
1.49
12.76%
Golden Entertainment Corporate Events
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesRegulatory Filings and Compliance
Golden Entertainment Announces Delisting and Leadership Transition
Negative
Apr 30, 2026
Golden Entertainment has fully repaid and terminated its first-lien credit facility with JPMorgan Chase Bank, N.A., resulting in the discharge of related obligations and the release of associated liens, simplifying the company’s balance shee...
Business Operations and StrategyDividendsM&A Transactions
Golden Entertainment Sets Closing Date for Argento Transaction
Positive
Apr 23, 2026
Golden Entertainment said it expects to close its previously announced Master Transaction Agreement with Argento, LLC, VICI Properties Inc. and an affiliated merger subsidiary on or about April 30, 2026, after obtaining all required gaming and liq...
Delistings and Listing ChangesM&A TransactionsShareholder Meetings
Golden Entertainment Shareholders Approve Going-Private Transaction
Negative
Apr 1, 2026
On March 31, 2026, Golden Entertainment shareholders voted at a special meeting to approve a previously announced master transaction agreement with company chairman Blake L. Sartini and affiliates and with VICI Properties Inc. Shareholders also ba...
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.