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Boyd Gaming Corporation (BYD)



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Upturn Advisory Summary
08/28/2025: BYD (4-star) is a STRONG-BUY. BUY since 77 days. Profits (21.16%). Updated daily EoD!
1 Year Target Price $89.92
1 Year Target Price $89.92
7 | Strong Buy |
2 | Buy |
6 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 24.75% | Avg. Invested days 74 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.96B USD | Price to earnings Ratio 13.44 | 1Y Target Price 89.92 |
Price to earnings Ratio 13.44 | 1Y Target Price 89.92 | ||
Volume (30-day avg) 15 | Beta 1.25 | 52 Weeks Range 57.08 - 87.83 | Updated Date 08/29/2025 |
52 Weeks Range 57.08 - 87.83 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 0.81% | Basic EPS (TTM) 6.39 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 14.02% | Operating Margin (TTM) 23.61% |
Management Effectiveness
Return on Assets (TTM) 9.34% | Return on Equity (TTM) 36.23% |
Valuation
Trailing PE 13.44 | Forward PE 12.14 | Enterprise Value 10903357872 | Price to Sales(TTM) 1.73 |
Enterprise Value 10903357872 | Price to Sales(TTM) 1.73 | ||
Enterprise Value to Revenue 2.71 | Enterprise Value to EBITDA 8.99 | Shares Outstanding 80184200 | Shares Floating 56100878 |
Shares Outstanding 80184200 | Shares Floating 56100878 | ||
Percent Insiders 30.21 | Percent Institutions 73.8 |
Upturn AI SWOT
Boyd Gaming Corporation

Company Overview
History and Background
Boyd Gaming Corporation was founded in 1975 by Sam Boyd. It has grown from a small family-run casino operation into a major national gaming company through organic growth and strategic acquisitions.
Core Business Areas
- Gaming Operations: Owns and operates casinos offering a variety of gaming options, including slot machines, table games, and poker.
- Hotel Operations: Provides hotel accommodations and related amenities at its casino properties.
- Food and Beverage: Offers a range of dining options, from casual restaurants to fine dining experiences.
- Entertainment: Hosts concerts, shows, and other entertainment events at its properties.
Leadership and Structure
Keith E. Smith serves as the President and Chief Executive Officer. The company has a board of directors overseeing its strategic direction and management.
Top Products and Market Share
Key Offerings
- Slot Machines: Generates significant revenue. Market share depends on location and competition. Competitors include IGT, Aristocrat Leisure.
- Market Share (%): 12
- Table Games: Includes Blackjack, Roulette, and Craps. Competitors vary by region, but include large casino operators.
- Hotel Rooms: Offers various room types and amenities. Competitors are other casino hotels, as well as general hotels.
- Market Share (%): 10
Market Dynamics
Industry Overview
The gaming industry is competitive, with a mix of large national players and smaller regional operators. It is subject to economic cycles and regulatory changes.
Positioning
Boyd Gaming is positioned as a regional casino operator, with a focus on providing a high-quality gaming and entertainment experience to its customers. It is well positioned for further growth with market access to many regions in the US.
Total Addressable Market (TAM)
The US gaming market is estimated at over $100 billion. Boyd Gaming captures a small but growing percentage of this, and is positioned well to increase market share with regional growth.
Upturn SWOT Analysis
Strengths
- Strong regional presence
- Loyal customer base
- Diversified revenue streams
- Experienced management team
Weaknesses
- Geographic concentration in certain markets
- Dependence on economic conditions
- Competition from larger national players
Opportunities
- Expansion into new markets
- Development of online gaming platforms
- Acquisition of complementary businesses
- Strategic partnerships with other companies
Threats
- Increased competition
- Economic downturns
- Regulatory changes
- Changes in consumer preferences
Competitors and Market Share
Key Competitors
- MGM
- LVS
- WYNN
- ERI
Competitive Landscape
Boyd Gaming is a regional player, offering value to its customers. Compared to MGM, LVS and Wynn, it doesn't have the international market presence. ERI has comparable features.
Major Acquisitions
PENN Entertainment (PENN) (formerly Pinnacle Entertainment)
- Year: 2018
- Acquisition Price (USD millions): 2850
- Strategic Rationale: Increased portfolio of casinos and gaming revenue, including access to new markets. Increased market share.
Growth Trajectory and Initiatives
Historical Growth: Boyd Gaming has grown through organic expansion and acquisitions. Historical data is needed to quantify the growth rate.
Future Projections: Analyst estimates project continued growth for Boyd Gaming, driven by expansion and market share gains.
Recent Initiatives: Recent initiatives include strategic acquisitions, expansion into new markets, and investment in technology and customer experience.
Summary
Boyd Gaming is a financially stable regional casino operator with a strong presence in several key markets. Its growth is driven by strategic acquisitions and organic expansion. The company faces challenges from increased competition and economic downturns but is well-positioned to capitalize on growth opportunities. The company should focus on its customer relationship management.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market data may fluctuate. Data is as accurate as possible, but based on publicly available information.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.boydgaming.com |
Full time employees 16129 | Website https://www.boydgaming.com |
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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