Boyd Gaming Stock Today

BYD Stock  USD 67.32  0.90  1.36%   

Performance

6 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 25

 
100  
 
Zero
Low
Boyd Gaming is trading at 67.32 as of the 28th of March 2024, a 1.36% increase since the beginning of the trading day. The stock's lowest day price was 66.53. Boyd Gaming has about a 25 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Boyd Gaming are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Consumer Services
IPO Date
15th of October 1993
Category
Consumer Cyclical
Classification
Consumer Discretionary
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. The company was founded in 1975 and is headquartered in Las Vegas, Nevada. Boyd Gaming operates under Resorts Casinos classification in the United States and is traded on New York Stock Exchange. The company has 95.73 M outstanding shares of which 3.85 M shares are currently shorted by investors with about 5.12 days to cover. More on Boyd Gaming

Moving against Boyd Stock

  0.59SDOT Sadot Group Symbol ChangePairCorr

Boyd Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Boyd Gaming's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Boyd Gaming or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOKeith Smith
Thematic Ideas
Showing 3 out of 4 themes
Business ConcentrationHotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NYSE Composite, SP Midcap 400, SP TSX Composite, Hotels, Toys, Restaraunts Hotels Motels, Casinos, Consumer Discretionary, Hotels, Restaurants & Leisure, Resorts & Casinos, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Boyd Gaming report their recommendations after researching Boyd Gaming's financial statements, talking to executives and customers, or listening in on Boyd Gaming's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Boyd Gaming. The Boyd consensus assessment is calculated by taking the average forecast from all of the analysts covering Boyd Gaming.
Financial Strength
Based on the key indicators obtained from Boyd Gaming's historical financial statements, Boyd Gaming is performing exceptionally good at the present time. It has a great chance to report excellent financial results in April. Financial strength of Boyd Gaming is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.590.5731
Fairly Up
Slightly volatile
Gross Profit Margin0.370.4713
Significantly Down
Slightly volatile
Net Debt2.6 B3.4 B
Way Down
Pretty Stable
Total Current Liabilities379.1 M596.3 M
Way Down
Slightly volatile
Non Current Liabilities TotalB4.2 B
Way Down
Pretty Stable
Total Assets4.3 B6.5 B
Way Down
Slightly volatile
Total Current Assets304.3 M529.3 M
Way Down
Slightly volatile
Total Cash From Operating Activities960.2 M914.5 M
Sufficiently Up
Slightly volatile
Boyd Gaming's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Boyd Gaming's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Boyd Gaming's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Boyd Gaming's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Boyd Gaming's financial leverage. It provides some insight into what part of Boyd Gaming's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Boyd Gaming's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Boyd Gaming deploys its capital and how much of that capital is borrowed.
Liquidity
Boyd Gaming cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 3.73 B in debt with debt to equity (D/E) ratio of 2.42, meaning that the company heavily relies on borrowing funds for operations. Boyd Gaming has a current ratio of 0.74, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Boyd Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Boyd Gaming's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Boyd Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Boyd to invest in growth at high rates of return. When we think about Boyd Gaming's use of debt, we should always consider it together with cash and equity.

Change In Cash

6.67 Million
Boyd Gaming (BYD) is traded on New York Stock Exchange in USA. It is located in 6465 South Rainbow Boulevard, Las Vegas, NV, United States, 89118 and employs 16,129 people. Boyd Gaming is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 6.36 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Boyd Gaming's market, we take the total number of its shares issued and multiply it by Boyd Gaming's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Boyd Gaming runs under Hotels, Restaurants & Leisure sector within Consumer Discretionary industry. The entity has 95.73 M outstanding shares of which 3.85 M shares are currently shorted by investors with about 5.12 days to cover. Boyd Gaming has about 283.47 M in cash with 914.52 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.42.
Check Boyd Gaming Probability Of Bankruptcy
Ownership Allocation
Boyd Gaming holds a total of 95.73 Million outstanding shares. The majority of Boyd Gaming outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Boyd Gaming to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Boyd Gaming. Please pay attention to any change in the institutional holdings of Boyd Gaming as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Boyd Ownership Details

Boyd Stock Price Odds Analysis

What are Boyd Gaming's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Boyd Gaming jumping above the current price in 90 days from now is near 1%. The Boyd Gaming probability density function shows the probability of Boyd Gaming stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.2667 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Boyd Gaming will likely underperform. Additionally, boyd Gaming has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 67.32HorizonTargetOdds Above 67.32
99.94%90 days
 67.32 
0.05%
Based on a normal probability distribution, the odds of Boyd Gaming to move above the current price in 90 days from now is near 1 (This Boyd Gaming probability density function shows the probability of Boyd Stock to fall within a particular range of prices over 90 days) .

Boyd Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Boyd Gaming that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Boyd Gaming's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Boyd Gaming's value.
InstituionRecorded OnShares
Arrowstreet Capital Limited Partnership2023-12-31
1.2 M
Geode Capital Management, Llc2023-12-31
1.1 M
T. Rowe Price Associates, Inc.2023-12-31
999.4 K
Frontier Capital Management Co Inc2023-12-31
986.1 K
Bank Of New York Mellon Corp2023-12-31
865.9 K
Charles Schwab Investment Management Inc2023-12-31
857.6 K
American Century Companies Inc2023-12-31
838.4 K
Channing Capital Management, Llc2023-12-31
833.2 K
Morgan Stanley - Brokerage Accounts2023-12-31
718.4 K
Blackrock Inc2023-12-31
8.2 M
Vanguard Group Inc2023-12-31
7.4 M
View Boyd Gaming Diagnostics

Boyd Gaming Historical Income Statement

Boyd Gaming Income Statement is one of the three primary financial statements used for reporting Boyd's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Boyd Gaming revenue and expense. Boyd Gaming Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Boyd Gaming's EBIT is projected to increase significantly based on the last few years of reporting. The current year's EBITDA is expected to grow to about 1.3 B, whereas Interest Expense is forecasted to decline to about 168.3 M. View More Fundamentals

Boyd Stock Against Markets

Picking the right benchmark for Boyd Gaming stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Boyd Gaming stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Boyd Gaming is critical whether you are bullish or bearish towards Boyd Gaming at a given time. Please also check how Boyd Gaming's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Boyd Gaming without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Boyd Gaming Corporate Directors

Boyd Gaming corporate directors refer to members of a Boyd Gaming board of directors. The board of directors generally takes responsibility for the Boyd Gaming's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Boyd Gaming's board members must vote for the resolution. The Boyd Gaming board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Billy McCoyIndependent DirectorProfile
Veronica WilsonIndependent DirectorProfile
Peter ThomasPresiding Independent DirectorProfile
Robert BoughnerChief Bus. Devel. Officer, Executive VP and DirectorProfile

How to buy Boyd Stock?

Before investing in Boyd Gaming, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Boyd Gaming. To buy Boyd Gaming stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Boyd Gaming. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Boyd Gaming stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Boyd Gaming stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Boyd Gaming stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Boyd Gaming, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Boyd Stock please use our How to Invest in Boyd Gaming guide.

Already Invested in Boyd Gaming?

The danger of trading Boyd Gaming is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Boyd Gaming is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Boyd Gaming. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Boyd Gaming is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Boyd Gaming is a strong investment it is important to analyze Boyd Gaming's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Boyd Gaming's future performance. For an informed investment choice regarding Boyd Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boyd Gaming. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running Boyd Gaming's price analysis, check to measure Boyd Gaming's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boyd Gaming is operating at the current time. Most of Boyd Gaming's value examination focuses on studying past and present price action to predict the probability of Boyd Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boyd Gaming's price. Additionally, you may evaluate how the addition of Boyd Gaming to your portfolios can decrease your overall portfolio volatility.
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Is Boyd Gaming's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boyd Gaming. If investors know Boyd will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boyd Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.43)
Dividend Share
0.64
Earnings Share
6.12
Revenue Per Share
36.896
Quarterly Revenue Growth
0.034
The market value of Boyd Gaming is measured differently than its book value, which is the value of Boyd that is recorded on the company's balance sheet. Investors also form their own opinion of Boyd Gaming's value that differs from its market value or its book value, called intrinsic value, which is Boyd Gaming's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boyd Gaming's market value can be influenced by many factors that don't directly affect Boyd Gaming's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.