Boyd Gaming (BYD) Stock Price, News & Analysis

Company Overview

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. It also engages in owning and operating a travel agency. Boyd Gaming Corporation was founded in 1975 and is headquartered in Las Vegas, Nevada.

Key Stats

• Today's Range: $71.87 to $72.68
• 50-Day Range: $58.87 to $74.12
• 52-Week Range: $49.34 to $74.78
• Volume: 663,472 shs
• Average Volume: 992,884 shs
• Market Capitalization: $6.36 billion
• P/E Ratio: 13.73
• Dividend Yield: 0.95%
• Price Target: $91.38
• Consensus Rating: Moderate Buy

Boyd Gaming Stock Analysis - MarketRank™

Boyd Gaming scored higher than 99% of companies evaluated by MarketBeat, and ranked 1st out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Boyd Gaming has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Boyd Gaming has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.80%

Earnings Growth

Earnings for Boyd Gaming are expected to grow by 2.80% in the coming year, from $6.44 to $6.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Boyd Gaming is 13.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.82.

Price to Earnings Ratio vs. Sector

The P/E ratio of Boyd Gaming is 13.73, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.96.

Price to Earnings Growth Ratio

Boyd Gaming has a PEG Ratio of 9.45. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Boyd Gaming has a P/B Ratio of 4.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.39% of the float of Boyd Gaming has been sold short.

Short Interest Ratio / Days to Cover

Boyd Gaming has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Boyd Gaming has recently decreased by 12.69%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Boyd Gaming has a dividend yield of 0.94%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Boyd Gaming does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Boyd Gaming is 12.98%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Boyd Gaming will have a dividend payout ratio of 10.27% next year. This indicates that Boyd Gaming will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -2.47

Percentage of Shares Shorted

4.39% of the float of Boyd Gaming has been sold short.

Short Interest Ratio / Days to Cover

Boyd Gaming has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Boyd Gaming has recently decreased by 12.69%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.98

News Sentiment

Boyd Gaming has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Boyd Gaming this week, compared to 6 articles on an average week.

Search Interest

Only 8 people have searched for BYD on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

3 people have added Boyd Gaming to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Boyd Gaming insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,702,931.00 in company stock.

Percentage Held by Insiders

28.40% of the stock of Boyd Gaming is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

76.81% of the stock of Boyd Gaming is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BYD Stock Analysis - Frequently Asked Questions

How have BYD shares performed this year?

Boyd Gaming's stock was trading at $62.61 at the beginning of the year. Since then, BYD stock has increased by 14.9% and is now trading at $71.95.
View the best growth stocks for 2024 here.

How were Boyd Gaming's earnings last quarter?

Boyd Gaming Co. (NYSE:BYD) announced its quarterly earnings results on Thursday, July, 25th. The company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.09. The firm's revenue was up 5.5% on a year-over-year basis.

Is Boyd Gaming buying back stock?

Boyd Gaming's Board of Directors initiated a stock buyback program on Monday, May 13th 2024, which permits the company to buy back $500,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 9.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Who are Boyd Gaming's major shareholders?

Top institutional investors of Boyd Gaming include HG Vora Capital Management LLC (3.39%), State Street Corp (2.39%), FMR LLC (1.71%) and Geode Capital Management LLC (1.31%). Insiders that own company stock include William S Boyd, William R Boyd, Marianne Boyd Johnson, Keith Smith, Josh Hirsberg, Ted Bogich, Stephen S Thompson, A Randall Thoman, Christine J Spadafor and Veronica J Wilson.
View institutional ownership trends.

How do I buy shares of Boyd Gaming?

Shares of BYD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Boyd Gaming own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Boyd Gaming investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH), The RMR Group (RMR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 10/15 Dividend: 9/13/2024
• Dividend Payable: 10/15/2024
• Today: 11/19/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Hotels & motels
• Sub-Industry: Casinos & Gaming
• Current Symbol: NYSE:BYD
• CUSIP: 10330410
• CIK: 906553
• Web: www.boydgaming.com
• Phone: (702) 792-7200
• Fax: 702-792-7313
• Employees: 16,129
• Year Founded: 1975

Price Target and Rating

• Average Stock Price Target: $91.38
• High Stock Price Target: $308.00
• Low Stock Price Target: $67.00
• Potential Upside/Downside: +27.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.24
• Trailing P/E Ratio: 13.73
• Forward P/E Ratio: 11.17
• P/E Growth: 9.45
• Net Income: $620.02 million
• Net Margins: 13.01%
• Pretax Margin: 16.89%
• Return on Equity: 35.10%
• Return on Assets: 9.58%

Debt

• Debt-to-Equity Ratio: 1.85
• Current Ratio: 0.82
• Quick Ratio: 0.79

Sales & Book Value

• Annual Sales: $3.74 billion
• Price / Sales: 1.70
• Cash Flow: $9.18 per share
• Price / Cash Flow: 7.84
• Book Value: $17.82 per share
• Price / Book: 4.04

Miscellaneous

• Outstanding Shares: 88,390,000
• Free Float: 63,287,000
• Market Cap: $6.36 billion
• Optionable: Optionable
• Beta: 1.55