![]() The Goochland County Chamber of Commerce strives to be a Non Partisan Organization. The views and opinions expressed during the events that are listed on the Calendar of Events are the views and opinions of those who are hosting the event and do not necessarily reflect the official policy or position of the Goochland County Chamber of Commerce. While every attempt is made to ensure that all information is accurately referenced, we do not guarantee the accuracy, timeliness or quality of the content of every source. The event will be permitted only if it is deemed relevant to Goochland County Chamber of Commerce Members and Goochland County Residents. A Third Party (someone not associated with Goochland County Chamber of Commerce) may request to add their event to our Calendar of Events. It is our estimation the company could eventually open 100 to 200 locations nationally within the next five to ten years.Goochland County Chamber of Commerce Calendar of Events and postings to Social Media from the Calendar of Events contains events that are being hosted by the Goochland County Chamber of Commerce and its Members. That makes each location worth 130 basis points of revenue growth relative to Q3 levels. In their view, each location could be worth $2 to $3 million in EBITDA with revenues in the range of $100 million annually. The most recent shout-out came from BTIG which finds the Puttery concept alluring. The two current ratings see the stock trading near the $5 level and the consensus which is more than 100% upside from current price action. The rest are more than 12 months old and don't reflect current conditions. There are only two analysts' ratings worth mentioning but they are both bullish. ![]() When adjusted for one-time costs the company produced the 5th straight quarter of adjusted EBITDA and is on track to continue operating profitably. This produced a GAAP loss of $0.11 per share but there is good news. Moving down to the earnings, the company experienced a tighter margin than expected due to reopening costs, normalized operations, and opening Puttery. The golf segment grew by 8.3% on top of last year's gains while the entertainment segment grew a whopping 82% on top of last year's pandemically-restricted quarter. Strength was seen in both the gold and entertainment segments but growth in entertainment was much stronger due to the comps. The company reported $76.36 million in consolidated revenue to produce the highest revenue in three years and beat the consensus estimate by 300 basis points. We look forward to opening additional Puttery venues in the coming months, including our Charlotte location which is planned to open later this quarter," said President and CEO Hana Khouri.ĭrive Shack had a good quarter even without the $0.80 million brought in by the Puttery. Guests are responding favorably to our inaugural Puttery and the feedback on their experience remains overwhelmingly positive. "Our first Puttery venue debuted in our home market on September 3rd in The Colony, Texas, one of the most exciting entertainment districts in North Texas. With the company's core business back to growth and this concept in play, we think now is a great time to start nibbling on this stock if you aren't already. ![]() In our view, it is a concept long overdue and one we see taking hold in markets around the country. The Puttery concept is miniature golf for adults to include adult beverages and food. The innovative leader is working her magic at the 282 million company behind Putterya Rory McIlroy-backed mini-golf brand. The company recently launched a new concept called Puttery that we see driving this company to new highs. Inside Hana Khouri’s Rise From Topgolf Exec to Drive Shack CEO. The pandemic put a tailwind into the golfing industry and Drive Shack (NYSE: DS)but that's not what has us excited now. Puttery Expansion To Push Drive Shack Higher ![]()
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