Is Boyd Gaming Stock a Good Investment?
Boyd Gaming Investment Advice | BYD |
- Examine Boyd Gaming's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Boyd Gaming's leadership team and their track record. Good management can help Boyd Gaming navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Hotels, Restaurants & Leisure space and any emerging trends that could impact Boyd Gaming's business and its evolving consumer preferences.
- Compare Boyd Gaming's performance and market position to its competitors. Analyze how Boyd Gaming is positioned in terms of product offerings, innovation, and market share.
- Check if Boyd Gaming pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Boyd Gaming's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Boyd Gaming stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Boyd Gaming is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Boyd Gaming Stock
Researching Boyd Gaming's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 30.0% of the company shares are held by company insiders. The book value of Boyd Gaming was currently reported as 18.37. The company has Price/Earnings To Growth (PEG) ratio of 0.85. Boyd Gaming recorded earning per share (EPS) of 5.26. The entity last dividend was issued on the 13th of September 2024.
To determine if Boyd Gaming is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Boyd Gaming's research are outlined below:
| Boyd Gaming 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. Note however, debt could still be an excellent tool for Boyd to invest in growth at high rates of return. | |
| About 71.0% of Boyd Gaming shares are held by institutions such as insurance companies | |
| On 15th of October 2024 Boyd Gaming paid $ 0.17 per share dividend to its current shareholders | |
| Latest headline from thelincolnianonline.com: Glenmede Trust Co. NA Decreases Position in Boyd Gaming Co. |
Boyd Gaming Quarterly Good Will |
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Boyd Gaming uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Boyd Gaming. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Boyd Gaming's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 23rd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Boyd Gaming's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Boyd Gaming's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2012-04-24 | 2012-03-31 | 0.09 | 0.1 | 0.01 | 11 | ||
2011-07-27 | 2011-06-30 | 0.02 | 0.01 | -0.01 | 50 | ||
2009-10-27 | 2009-09-30 | 0.1 | 0.09 | -0.01 | 10 | ||
1996-08-23 | 1996-06-30 | 0.07 | 0.06 | -0.01 | 14 | ||
2016-11-01 | 2016-09-30 | 0.12 | 0.14 | 0.02 | 16 | ||
2012-02-21 | 2011-12-31 | -0.01 | -0.03 | -0.02 | 200 | ||
2011-05-03 | 2011-03-31 | 0.01 | -0.01 | -0.02 | 200 | ||
2001-07-12 | 2001-06-30 | 0.12 | 0.14 | 0.02 | 16 |
Know Boyd Gaming's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Boyd Gaming is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Boyd Gaming backward and forwards among themselves. Boyd Gaming's institutional investor refers to the entity that pools money to purchase Boyd Gaming's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-09-30 | 1.2 M | Balyasny Asset Management Llc | 2024-09-30 | 1.1 M | Nuveen Asset Management, Llc | 2024-06-30 | 1.1 M | Channing Capital Management, Llc | 2024-09-30 | 1.1 M | Charles Schwab Investment Management Inc | 2024-09-30 | 971.9 K | Victory Capital Management Inc. | 2024-09-30 | 908.9 K | T. Rowe Price Associates, Inc. | 2024-06-30 | 850.2 K | Norges Bank | 2024-06-30 | 824.1 K | Bank Of New York Mellon Corp | 2024-06-30 | 775.6 K | Blackrock Inc | 2024-06-30 | 6.8 M | Vanguard Group Inc | 2024-09-30 | 6.4 M |
Boyd Gaming's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 6.53 B.Market Cap |
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Boyd Gaming's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.16 | 0.17 | |
| Return On Capital Employed | 0.16 | 0.08 | |
| Return On Assets | 0.10 | 0.10 | |
| Return On Equity | 0.36 | 0.37 |
Determining Boyd Gaming's profitability involves analyzing its financial statements and using various financial metrics to determine if Boyd Gaming is a good buy. For example, gross profit margin measures Boyd Gaming's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Boyd Gaming's profitability and make more informed investment decisions.
Please note, the presentation of Boyd Gaming's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Boyd Gaming's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Boyd Gaming's management manipulating its earnings.
Evaluate Boyd Gaming's management efficiency
Boyd Gaming has Return on Asset of 0.0938 % which means that on every $100 spent on assets, it made $0.0938 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2941 %, implying that it generated $0.2941 on every 100 dollars invested. Boyd Gaming's management efficiency ratios could be used to measure how well Boyd Gaming manages its routine affairs as well as how well it operates its assets and liabilities. At present, Boyd Gaming's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.37, whereas Return On Capital Employed is forecasted to decline to 0.08. At present, Boyd Gaming's Net Tangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Return On Tangible Assets is expected to grow to 0.17, whereas Non Current Assets Total are forecasted to decline to about 3.9 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 17.21 | 18.07 | |
| Tangible Book Value Per Share | (5.88) | (5.59) | |
| Enterprise Value Over EBITDA | 8.27 | 11.13 | |
| Price Book Value Ratio | 3.64 | 2.02 | |
| Enterprise Value Multiple | 8.27 | 11.13 | |
| Price Fair Value | 3.64 | 2.02 | |
| Enterprise Value | 4.8 B | 5 B |
The strategic vision of Boyd Gaming management plays a critical role in its financial performance. By evaluating this vision, we provide insights into the stock's growth potential.
Dividend Yield 0.0093 | Forward Dividend Yield 0.0093 | Forward Dividend Rate 0.68 | Beta 1.559 |
Basic technical analysis of Boyd Stock
As of the 30th of November, Boyd Gaming shows the Mean Deviation of 1.15, risk adjusted performance of 0.169, and Downside Deviation of 1.14. Boyd Gaming technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Boyd Gaming jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if Boyd Gaming is priced correctly, providing market reflects its regular price of 73.85 per share. Given that Boyd Gaming has jensen alpha of 0.2215, we suggest you to validate Boyd Gaming's prevailing market performance to make sure the company can sustain itself at a future point.Boyd Gaming's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Boyd Gaming insiders, such as employees or executives, is commonly permitted as long as it does not rely on Boyd Gaming's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Boyd Gaming insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Bogich Ted 21 hours ago Disposition of 41631 shares by Bogich Ted of Boyd Gaming at 64.79 subject to Rule 16b-3 | ||
Bogich Ted over three weeks ago Disposition of 25194 shares by Bogich Ted of Boyd Gaming at 69.28 subject to Rule 16b-3 |
Boyd Gaming's Outstanding Corporate Bonds
Boyd Gaming issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Boyd Gaming uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Boyd bonds can be classified according to their maturity, which is the date when Boyd Gaming has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US103304BV23 Corp BondUS103304BV23 | View | |
| BOYD GAMING P Corp BondUS103304BU40 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand Boyd Gaming's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Boyd Gaming's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.169 | |||
| Market Risk Adjusted Performance | 0.3825 | |||
| Mean Deviation | 1.15 | |||
| Semi Deviation | 0.7927 | |||
| Downside Deviation | 1.14 | |||
| Coefficient Of Variation | 466.91 | |||
| Standard Deviation | 1.62 | |||
| Variance | 2.62 | |||
| Information Ratio | 0.1292 | |||
| Jensen Alpha | 0.2215 | |||
| Total Risk Alpha | 0.0665 | |||
| Sortino Ratio | 0.1843 | |||
| Treynor Ratio | 0.3725 | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 3.3 | |||
| Downside Variance | 1.29 | |||
| Semi Variance | 0.6283 | |||
| Expected Short fall | (1.35) | |||
| Skewness | 1.69 | |||
| Kurtosis | 6.24 |
| Risk Adjusted Performance | 0.169 | |||
| Market Risk Adjusted Performance | 0.3825 | |||
| Mean Deviation | 1.15 | |||
| Semi Deviation | 0.7927 | |||
| Downside Deviation | 1.14 | |||
| Coefficient Of Variation | 466.91 | |||
| Standard Deviation | 1.62 | |||
| Variance | 2.62 | |||
| Information Ratio | 0.1292 | |||
| Jensen Alpha | 0.2215 | |||
| Total Risk Alpha | 0.0665 | |||
| Sortino Ratio | 0.1843 | |||
| Treynor Ratio | 0.3725 | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 3.3 | |||
| Downside Variance | 1.29 | |||
| Semi Variance | 0.6283 | |||
| Expected Short fall | (1.35) | |||
| Skewness | 1.69 | |||
| Kurtosis | 6.24 |
Consider Boyd Gaming's intraday indicators
Boyd Gaming intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Boyd Gaming stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Boyd Gaming Corporate Filings
F4 | 27th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 31st of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Boyd Stock media impact
Far too much social signal, news, headlines, and media speculation about Boyd Gaming that are available to investors today. That information is available publicly through Boyd media outlets and privately through word of mouth or via Boyd internal channels. However, regardless of the origin, that massive amount of Boyd data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Boyd Gaming news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Boyd Gaming relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Boyd Gaming's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Boyd Gaming alpha.
Boyd Gaming Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Boyd Gaming can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Boyd Gaming Historical Investor Sentiment
Investor biases related to Boyd Gaming's public news can be used to forecast risks associated with an investment in Boyd. The trend in average sentiment can be used to explain how an investor holding Boyd can time the market purely based on public headlines and social activities around Boyd Gaming. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Boyd Gaming's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Boyd Gaming and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Boyd Gaming news discussions. The higher the estimate score, the more favorable the investor's outlook on Boyd Gaming.
Boyd Gaming Corporate Directors
| Veronica Wilson | Independent Director | Profile | |
| Peter Thomas | Presiding Independent Director | Profile | |
| Robert Boughner | Chief Bus. Devel. Officer, Executive VP and Director | Profile | |
| Christine Spadafor | Independent Director | Profile |
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 closely tied 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment 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 0.065 | Dividend Share 0.67 | Earnings Share 5.26 | Revenue Per Share 40.123 | Quarterly Revenue Growth 0.064 |
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.
In summary, please note that there is a difference between Boyd Gaming's value and its price, as these two are different measures arrived at by various 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.