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

Recent analyst evaluations of Boyd Gaming (NYSE:BYD) show a mix of bullish and bearish perspectives with no changes in ratings in the last 30 days. The average 12-month price target is $74.25, slightly down from the previous $74.57. Analyst actions include both raises and lowers in price targets by firms such as Morgan Stanley, Susquehanna, Truist Securities, JP Morgan, Wells Fargo, Barclays, and Stifel. Boyd Gaming's financials indicate strong market positioning with positive revenue growth, high net margin, and exceptional ROE and ROA, despite a lower growth rate compared to peers in the Consumer Discretionary sector.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:00 pm

Numerous companies are scheduled to report their quarterly earnings on March 20, 2024, with expectations ranging from significant profits to losses. Notable mentions include BioNTech with projected earnings of $2.64 per share, PDD Holdings expecting $1.60 per share, and Micron Technology anticipated to report a loss of $0.26 per share. The diversity in performance across sectors highlights the varied economic landscape.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:32 am

Insiders at WillScot Mobile Mini, Boyd Gaming, Integral Ad Science Holding, and Roku have recently sold shares. These sales could indicate various strategic decisions or perspectives on the companies' valuations. WillScot Mobile Mini reported disappointing earnings, Boyd Gaming increased its dividend, Integral Ad Science reported strong Q4 results, and Roku showed revenue growth.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 12:20 pm

Boyd Gaming (NYSE:BYD) has been analyzed by 9 analysts, showing a shift towards a more cautious stance with 1 indifferent rating in the last 30 days compared to more bullish views in previous months. The average 12-month price target for BYD is now $73.33, down from $74.12, with recent analyst actions including both raises and lowers in ratings and price targets. Financially, Boyd Gaming shows strong net margin and ROA but trails in revenue growth and ROE compared to industry peers.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 6:01 pm

Morgan Stanley analyst Stephen Grambling has maintained an Equal-Weight rating on Boyd Gaming (NYSE:BYD) and increased the price target from $70 to $71.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:39 pm

In Monday's pre-market session, there were notable movements in the consumer discretionary sector. Interactive Strength (TRNR) saw a significant rise of 79.7%, while Foresight Autonomous (FRSX) experienced the largest drop of 13.3%. Other stocks such as Arcimoto (FUV), Emerson Radio (MSN), and Sonder Holdings (SOND) also saw increases, whereas Zapp Electric Vehicles (ZAPP) and Sypris Solutions (SYPR) were among the losers.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 1:06 pm

Today's session highlighted significant whale activity in the Consumer Discretionary sector, with notable options trading on stocks like TSLA, BYD, PENN, BIG, JD, DKS, BKNG, and CMG. The trades varied in sentiment from bullish to bearish, involving both call and put options with varying expiration dates and strike prices. This activity could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 5:35 pm

Boyd Gaming (NYSE:BYD) has seen a decrease in short interest, with the current level at 2.85 million shares or 4.12% of the float, down 13.81% from the last report. It would take about 4.7 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards the stock. Boyd Gaming's short interest is higher than its peer group average of 3.70%.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:00 pm

Susquehanna analyst Joseph Stauff downgrades Boyd Gaming (NYSE:BYD) from Positive to Neutral and lowers the price target from $84 to $75, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:03 pm

Truist Securities analyst Barry Jonas maintains a Buy rating on Boyd Gaming (NYSE:BYD) and raises the price target from $76 to $80 as of 8th February 2024.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 9:40 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.