Boyd Gaming (BYD)

• Market cap: $6.29B
• 1 day: 0.06%
• 5 days: -4.48%
• 1 month: -0.78%
• 3 months: 11.20%
• 6 months: 35.16%
• Year to date: 11.56%
• 1 year: 16.13%
• 5 years: 134.67%
• 10 years: 498.82%
• 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: $3.57B [Q2] → $3.94B (+$371M) [Q3]

1.63% less ownership

Funds ownership: 68.34% [Q2] → 66.71% (-1.63%) [Q3]

2% less funds holding

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

11% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 53

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

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

• Low target: $71 0% upside
• Avg. target: $78 9% upside
• High target: $90 26% upside

8 analyst ratings

• positive: 5 63%
• neutral: 3 38%
• negative: 0 0%

Argus Research John Staszak 68% 1-year accuracy 15 / 22 met price target	26% upside $90	Buy Upgraded	17 Dec 2024
JP Morgan Joseph Greff 31% 1-year accuracy 9 / 29 met price target	4% upside $74	Neutral Maintained	13 Dec 2024
Barclays Brandt Montour 52% 1-year accuracy 44 / 85 met price target	0% downside $71	Equal-Weight Maintained	25 Oct 2024
Mizuho Ben Chaiken 61% 1-year accuracy 35 / 57 met price target	11% upside $79	Outperform Reiterated	25 Oct 2024
Stifel Steven Wieczynski 74% 1-year accuracy 25 / 34 met price target	4% upside $74	Hold Maintained	25 Oct 2024