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BYD logo BYD
Upturn stock ratingUpturn stock rating
BYD logo

Boyd Gaming Corporation (BYD)

Upturn stock ratingUpturn stock rating
$65.71
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

04/01/2025: BYD (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -4.44%
Avg. Invested days 55
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.42B USD
Price to earnings Ratio 10.62
1Y Target Price 83.08
Price to earnings Ratio 10.62
1Y Target Price 83.08
Volume (30-day avg) 952264
Beta 1.56
52 Weeks Range 48.81 - 80.29
Updated Date 04/1/2025
52 Weeks Range 48.81 - 80.29
Updated Date 04/1/2025
Dividends yield (FY) 1.09%
Basic EPS (TTM) 6.19

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 14.71%
Operating Margin (TTM) 24.99%

Management Effectiveness

Return on Assets (TTM) 9.37%
Return on Equity (TTM) 34.76%

Valuation

Trailing PE 10.62
Forward PE 9.28
Enterprise Value 9046320489
Price to Sales(TTM) 1.38
Enterprise Value 9046320489
Price to Sales(TTM) 1.38
Enterprise Value to Revenue 2.3
Enterprise Value to EBITDA 7.5
Shares Outstanding 82512704
Shares Floating 59108209
Shares Outstanding 82512704
Shares Floating 59108209
Percent Insiders 29.63
Percent Institutions 74.73

Analyst Ratings

Rating 4
Target Price 77.93
Buy 2
Strong Buy 7
Buy 2
Strong Buy 7
Hold 7
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Boyd Gaming Corporation

stock logo

Company Overview

overview logo History and Background

Boyd Gaming Corporation was founded in 1975 by Sam Boyd. It began with small casinos in Las Vegas and has grown into a major gaming and hospitality company through acquisitions and development.

business area logo Core Business Areas

  • Gaming Operations: Owns and operates casinos across multiple states, offering slot machines, table games, and poker.
  • Hospitality: Provides hotel accommodations, restaurants, and entertainment venues at its properties.
  • Management Services: Manages gaming properties for other owners.

leadership logo Leadership and Structure

Keith Smith is the President and CEO. The company has a board of directors that oversees strategic decisions. Organizational structure includes regional management teams overseeing operations at individual properties.

Top Products and Market Share

overview logo Key Offerings

  • Slot Machines: Various slot machine games contribute significantly to revenue. Market share information varies by region. Competitors include IGT and Aristocrat Leisure.
  • Table Games: Classic table games like blackjack, craps, and roulette. Competition includes other casino operators like MGM Resorts and Caesars Entertainment. No market share available without detailed geographic breakout.
  • Hotel Rooms: Rooms across their many properties. Pricing depends on time of year and location. Major competitors are MGM resorts, Caesars Entertainment, and Wynn Resorts. No market share available without detailed geographic breakout.

Market Dynamics

industry overview logo Industry Overview

The gaming industry is highly competitive and influenced by economic conditions, consumer spending, and regulatory changes. Online gaming is rapidly expanding.

Positioning

Boyd Gaming focuses on regional markets and value-oriented customers. Their strategy emphasizes operational efficiency and customer loyalty programs.

Total Addressable Market (TAM)

The US gaming market is estimated to be over $100 billion annually. Boyd Gaming focuses on a portion of this market, primarily regional gaming destinations. Their position relative to the TAM is that of a strong regional player.

Upturn SWOT Analysis

Strengths

  • Strong regional presence
  • Focus on value-oriented customers
  • Loyalty program (B Connected)
  • Experienced management team

Weaknesses

  • Limited international exposure
  • Dependence on regional economies
  • Lower brand recognition compared to national brands
  • Exposure to regulatory changes

Opportunities

  • Expansion into new regional markets
  • Growth in online gaming
  • Acquisition of smaller gaming operators
  • Development of new entertainment offerings

Threats

  • Economic downturns affecting consumer spending
  • Increased competition from other gaming operators
  • Changes in gaming regulations
  • Rise of online gaming cannibalizing land-based revenue

Competitors and Market Share

competitor logo Key Competitors

  • MGM
  • CZR
  • BYD

Competitive Landscape

Boyd Gaming competes with larger national brands and regional operators. Their focus on value and customer loyalty differentiates them.

Major Acquisitions

PENN National Gaming Properties

  • Year: 2018
  • Acquisition Price (USD millions): 575
  • Strategic Rationale: Expanded Boyd's footprint in the Midwest and East Coast.

Growth Trajectory and Initiatives

Historical Growth: Boyd Gaming has grown through acquisitions and organic expansion in regional markets.

Future Projections: Analysts project continued growth driven by regional gaming markets and potential online gaming expansion.

Recent Initiatives: Recent initiatives include property renovations, technology upgrades, and expansion of the B Connected loyalty program.

Summary

Boyd Gaming is a strong regional player in the gaming industry, characterized by its focus on value-oriented customers and operational efficiency. The company's B Connected loyalty program strengthens customer relationships. Expanding gaming regulations and economic downturns are key concerns. Strategic acquisitions and online expansion will determine future growth.

Similar Companies

  • MGM
  • CZR
  • LVS
  • ERI

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Industry Reports
  • Analyst Estimates

Disclaimers:

This analysis is based on available information and is not financial advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Boyd Gaming Corporation

Exchange NYSE
Headquaters Las Vegas, NV, United States
IPO Launch date 1993-10-15
President, CEO & Director Mr. Keith E. Smith
Sector Consumer Cyclical
Industry Resorts & Casinos
Full time employees 16129
Full time employees 16129

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States and Canada. It operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. The company owns and operates casinos; Boyd Interactive, an online casino gaming business; and a travel agency. The company was formerly known as The Boyd Group and changed its name to Boyd Gaming Corporation in April 1993. Boyd Gaming Corporation was founded in 1975 and is headquartered in Las Vegas, Nevada.

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