Boyd Gaming Stock Buy Hold or Sell Recommendation

BYD Stock  USD 68.49  2.50  3.79%   
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Boyd Gaming is 'Hold'. Macroaxis provides Boyd Gaming buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BYD positions.
  
Check out Boyd Gaming Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.
Note, we conduct extensive research on individual companies such as Boyd and provide practical buy, sell, or hold advice based on investors' constraints. Boyd Gaming. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Execute Boyd Gaming Buy or Sell Advice

The Boyd recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Boyd Gaming. Macroaxis does not own or have any residual interests in Boyd Gaming or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Boyd Gaming's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Boyd GamingBuy Boyd Gaming
Hold

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Boyd Gaming has a Mean Deviation of 1.14, Standard Deviation of 1.5 and Variance of 2.26
Macroaxis provides unbiased investment recommendation on Boyd Gaming that should be used to complement current analysts and expert consensus on Boyd Gaming. Our trade advice engine determines the company's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. To make sure Boyd Gaming is not overpriced, please confirm all Boyd Gaming fundamentals, including its gross profit, book value per share, market capitalization, as well as the relationship between the cash per share and price to earnings to growth . Given that Boyd Gaming has a price to earning of 11.73 X, we suggest you to validate Boyd Gaming market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Boyd Gaming Trading Alerts and Improvement Suggestions

Boyd Gaming generated a negative expected return over the last 90 days
Boyd Gaming has 695.76 M 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. Note however, debt could still be an excellent tool for Boyd to invest in growth at high rates of return.
About 74.0% of Boyd Gaming shares are held by institutions such as insurance companies
Latest headline from channelnewsasia.com: Commentary China wants the private sector to drive growth again, but trust cant be rebuilt overnight

Boyd Gaming Returns Distribution Density

The distribution of Boyd Gaming's historical returns is an attempt to chart the uncertainty of Boyd Gaming's future price movements. The chart of the probability distribution of Boyd Gaming daily returns describes the distribution of returns around its average expected value. We use Boyd Gaming price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Boyd Gaming returns is essential to provide solid investment advice for Boyd Gaming.
Mean Return
-0.13
Value At Risk
-3.22
Potential Upside
1.52
Standard Deviation
1.50
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Boyd Gaming historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Boyd Stock Institutional Investors

Shares
Nuveen Asset Management, Llc2024-12-31
1.2 M
Geode Capital Management, Llc2024-12-31
1.1 M
Channing Capital Management, Llc2024-12-31
1.1 M
Charles Schwab Investment Management Inc2024-12-31
975 K
Franklin Resources Inc2024-12-31
964.1 K
Victory Capital Management Inc.2024-12-31
925.9 K
Norges Bank2024-12-31
765.8 K
Bank Of America Corp2024-12-31
735.9 K
Bank Of New York Mellon Corp2024-12-31
685.1 K
Blackrock Inc2024-12-31
6.8 M
Vanguard Group Inc2024-12-31
6.4 M
Note, although Boyd Gaming's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Boyd Gaming Cash Flow Accounts

202020212022202320242025 (projected)
Change To Inventory(515K)2.5M(2.1M)1.5M(543K)(515.9K)
Change In Cash264.6M(177.9M)(62.1M)12.9M13.4M6.9M
Free Cash Flow114.0M811.0M707.0M540.6M556.7M584.5M
Depreciation281.0M267.8M258.2M256.8M276.6M187.4M
Other Non Cash Items234.5M170.5M95.4M161.7M14.7M13.9M
Dividends Paid28.9M7.8M48.2M63.6M62.7M65.8M
Capital Expenditures175.0M199.5M269.2M374.0M400.4M232.4M
Net Income(134.7M)463.8M639.4M620.0M578.0M606.8M
End Period Cash Flow535.0M357.1M295.1M307.9M321.4M191.3M
Change To Netincome104.2M144.3M330.9M106.7M122.7M128.8M
Investments(171.2M)(129.6M)(422.3M)(470.7M)(433.9M)(455.6M)
Change Receivables(315K)1.3M(36.0M)(16.8M)(15.1M)(14.3M)
Net Borrowings(231.2M)173.2M(878.3M)3.2M2.9M2.8M

Boyd Gaming Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Boyd Gaming or Hotels, Restaurants & Leisure sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Boyd Gaming's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Boyd stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.04
β
Beta against Dow Jones0.93
σ
Overall volatility
1.53
Ir
Information ratio -0.02

Boyd Gaming Volatility Alert

Boyd Gaming exhibits very low volatility with skewness of -0.63 and kurtosis of 0.94. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Boyd Gaming's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Boyd Gaming's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Boyd Gaming Fundamentals Vs Peers

Comparing Boyd Gaming's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Boyd Gaming's direct or indirect competition across all of the common fundamentals between Boyd Gaming and the related equities. This way, we can detect undervalued stocks with similar characteristics as Boyd Gaming or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Boyd Gaming's fundamental indicators could also be used in its relative valuation, which is a method of valuing Boyd Gaming by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Boyd Gaming to competition
FundamentalsBoyd GamingPeer Average
Return On Equity0.35-0.31
Return On Asset0.0937-0.14
Profit Margin0.15 %(1.27) %
Operating Margin0.25 %(5.51) %
Current Valuation9.35 B16.62 B
Shares Outstanding83.75 M571.82 M
Shares Owned By Insiders32.07 %10.09 %
Shares Owned By Institutions73.52 %39.21 %
Number Of Shares Shorted2.36 M4.71 M
Price To Earning11.73 X28.72 X
Price To Book3.63 X9.51 X
Price To Sales1.46 X11.42 X
Revenue3.93 B9.43 B
Gross Profit2.43 B27.38 B
EBITDA1.21 B3.9 B
Net Income577.95 M570.98 M
Cash And Equivalents283.47 M2.7 B
Cash Per Share2.42 X5.01 X
Total Debt695.76 M5.32 B
Debt To Equity2.42 %48.70 %
Current Ratio0.76 X2.16 X
Book Value Per Share18.35 X1.93 K
Cash Flow From Operations957.08 M971.22 M
Short Ratio2.41 X4.00 X
Earnings Per Share6.19 X3.12 X
Price To Earnings To Growth0.85 X4.89 X
Target Price84.64
Number Of Employees16.13 K18.84 K
Beta1.56-0.15
Market Capitalization5.74 B19.03 B
Total Asset6.39 B29.47 B
Retained Earnings1.58 B9.33 B
Working Capital(61.18 M)1.48 B
Note: Acquisition by William Boyd of 2693 shares of Boyd Gaming at 19.98 subject to Rule 16b-3 [view details]

Boyd Gaming Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Boyd . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Boyd Gaming Buy or Sell Advice

When is the right time to buy or sell Boyd Gaming? Buying financial instruments such as Boyd Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Boyd Gaming in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Munis Funds
Munis Funds Theme
Funds or Etfs that invest in fixed income securities issued by states, cities, and towns as well as other public entities. The Munis Funds theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Munis Funds Theme or any other thematic opportunities.
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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 Boyd Gaming Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Hotels, Restaurants & Leisure space 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
1.042
Dividend Share
0.68
Earnings Share
6.19
Revenue Per Share
42.118
Quarterly Revenue Growth
0.091
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.