Boyd Gaming (BYD)

• Market cap: $6.43B
• 1 day: 1.20%
• 5 days: 1.20%
• 1 month: -1.45%
• 3 months: 13.35%
• 6 months: 25.94%
• Year to date: 1.20%
• 1 year: 15.51%
• 5 years: 152.22%
• 10 years: 463.49%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

About: Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. Midwest and South hold the key number of entertainment properties, and it generate the majority of sales for the company.

Employees: 16,129

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 101

10% more capital invested

Capital invested by funds: $3.66B [Q2] → $4.04B (+$380M) [Q3]

4% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 49

1.67% less ownership

Funds ownership: 69.98% [Q2] → 68.3% (-1.67%) [Q3]

2% less funds holding

Funds holding: 327 [Q2] → 321 (-6) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]

28% less call options, than puts

Call options by funds: $114M | Put options by funds: $159M

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $71 2% downside
• Avg. target: $80 11% upside
• High target: $93 28% upside

9 analyst ratings

• positive: 6 67%
• neutral: 3 33%
• negative: 0 0%

Truist Securities Barry Jonas 44% 1-year accuracy 16 / 36 met price target	17% upside $85	Buy Maintained	14 Jan 2025
Jefferies David Katz 17% 1-year accuracy 3 / 18 met price target	28% upside $93	Buy Upgraded	3 Jan 2025
Argus Research John Staszak 53% 1-year accuracy 16 / 30 met price target	24% upside $90	Buy Upgraded	17 Dec 2024
JP Morgan Joseph Greff 24% 1-year accuracy 7 / 29 met price target	2% upside $74	Neutral Maintained	13 Dec 2024
Barclays Brandt Montour 44% 1-year accuracy 37 / 85 met price target	2% downside $71	Equal-Weight Maintained	25 Oct 2024