Streetbeat News

BYD

Boyd Gaming Corporation

https://www.boydgaming.com

Industry

Gambling, Resorts & Casinos

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.

Open

71.09

Mkt cap

6.3B

Volume

633K

High

71.93

P/E Ratio

13.59

52-wk high

74.78

Low

71.09

Div yield

0.01

52-wk low

49.34

Stifel analyst Steven Wieczynski maintains a Hold rating on Boyd Gaming (NYSE:BYD) and lowers the price target from $71 to $65.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:13 pm

Barclays analyst Brandt Montour has maintained an Equal-Weight rating on Boyd Gaming (NYSE:BYD) and reduced the price target from $70 to $68.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:30 pm

Mizuho analyst Ben Chaiken maintains a Buy rating on Boyd Gaming (NYSE:BYD) but lowers the price target from $80 to $78.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:59 pm

Boyd Gaming Corporation (NYSE:BYD) reported Q1 earnings below expectations with adjusted earnings of $1.51 per share against estimates of $1.57. Sales slightly exceeded expectations at $960.521 million. The company faced challenges due to severe winter weather and increased competition in Las Vegas. Despite this, Boyd Gaming maintains strong operating margins and continues shareholder returns. Shares fell 1.1% following the earnings announcement. JP Morgan and Deutsche Bank lowered their price targets and downgraded the stock.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:54 pm

Deutsche Bank analyst Carlo Santarelli downgrades Boyd Gaming (NYSE:BYD) from Buy to Hold and lowers the price target from $78 to $71.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:34 pm

Alphabet Inc. reported first-quarter revenue of $80.539 billion, a 15% increase year-over-year, surpassing estimates. Earnings were $1.89 per share, beating forecasts. Alphabet announced a $70 billion share repurchase program and its first-ever quarterly dividend, causing shares to rise 11.9% in pre-market trading. Other stocks also moved significantly in pre-market trading, with notable gainers including Tevogen Bio Holdings, Pineapple Energy, and Freight Technologies, and losers such as Aclarion, Vincerx Pharma, and SCWorx Corp.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 12:18 pm

In Friday's pre-market session, there were notable movements in the consumer discretionary sector. Worksport, Vision Marine, Skechers USA, SRIVARU Holding, Zapp Electric Vehicles, and Jeffs Brands saw gains, with Skechers USA notably up 10.5% after Q1 earnings. On the downside, Boyd Gaming, Uxin, Connexa Sports Techs, Kaixin Holdings, Foresight Autonomous, and U Power experienced declines, with Boyd Gaming and Uxin dropping after their earnings reports.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 12:06 pm

Boyd Gaming's shares dropped following a report of disappointing Q1 adjusted EPS results, compounded by a downgrade from JP Morgan to Neutral.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:59 am

Wall Street futures indicate a positive opening, buoyed by strong Q1 performances from Alphabet and Microsoft, ahead of key inflation data. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Analysts remain optimistic about the bull market's continuation despite recent volatility, citing technical and seasonal factors. Upcoming economic data includes the PCE index, personal income, and spending reports, with implications for the Fed's next moves. Several companies, including Intel, Roku, and Teladoc, moved on earnings news.

Portfolio Pulse from Shanthi Rexaline

April 26, 2024 | 10:48 am

JP Morgan analyst Joseph Greff downgraded Boyd Gaming (NYSE:BYD) from Overweight to Neutral and reduced the price target from $80 to $67, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:31 am

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