Boyd Gaming Corporation

Boyd Gaming Corporation

BYDยทNYSE

$86.94

+1.7%
Consumer CyclicalGambling, Resorts & Casinos

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.

At a Glance

Live Snapshot
Market Cap$6.46B
EPS22.5600
P/E Ratio3.85
Earnings Date07/23/2026
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Boyd Gaming Corporation Street Expectations Map

BYD ยท NYSE

Wall Street analysts project that BYD stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 95.00, with estimates ranging from a low of 83.00 to a high of 110.00.

Lowest Target
83.00
-4.53%
Consensus Target
95.00
9.27%
Highest Target
110.00
26.52%

The consensus 1-year price target stands at 95.00, with estimates ranging from a low of 83.00 to a high of 110.00.

Analyst Consensus Analysis

Upside Potential

+9.3%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

28.4% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

5.85x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Boyd Gaming Corporation Forward Estimates of Revenue

BYD ยท NYSE
Latest Revenue
4.09B
FY 2025
Avg Estimate
4.14B
FY 2026
Estimate Range
3.99B - 4.23B
Analyst Spread

Forward Growth Analysis

Projected Growth+1.1%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread6%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Boyd Gaming Corporation Forward Estimates of Net Income

BYD ยท NYSE
Latest Net Income
1.84B
FY 2025
Avg Estimate
587.53M
FY 2026
Estimate Range
546.14M - 628.93M
Analyst Spread

Forward Growth Analysis

Projected Growth-68.1%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread14%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Boyd Gaming Corporation Forward Estimates of EPS

BYD ยท NYSE
Latest EPS
22.56
FY 2025
Avg Estimate
$7.13
FY 2026
Estimate Range
$6.68 - $7.70
Analyst Spread

Forward Growth Analysis

Projected Growth-68.4%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage9 Analysts

Moderate coverageโ€”sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread14%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Boyd Gaming Corporation Forward Estimates of EBIT

BYD ยท NYSE
Latest EBIT
2.49B
FY 2025
Avg Estimate
3.28B
FY 2026
Estimate Range
3.16B - 3.35B
Analyst Spread

Forward Growth Analysis

Projected Growth+31.8%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread6%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Boyd Gaming Corporation Forward Estimates of EBITDA

BYD ยท NYSE
Latest EBITDA
2.79B
FY 2025
Avg Estimate
3.50B
FY 2026
Estimate Range
3.38B - 3.58B
Analyst Spread

Forward Growth Analysis

Projected Growth+25.6%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread6%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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Boyd Gaming Corporation Forward Estimates of SG&A Expense

BYD ยท NYSE
Latest SG&A Expense
668.73M
FY 2025
Avg Estimate
586.22M
FY 2026
Estimate Range
564.83M - 599.06M
Analyst Spread

Forward Growth Analysis

Projected Growth-12.3%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage11 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread6%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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Boyd Gaming Corporation Insider Positioning

BYD ยท NYSE

During the last 12 months, insiders have sold $49.23M worth of BYD shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

101.2K

8.55M

Net Activity

-8.5M

-$8.55M

3-6 Months

Bought

0

0.00

Sold

73.5K

6.23M

Net Activity

-6.2M

-$6.23M

6-9 Months

Bought

0

0.00

Sold

20.0K

1.61M

Net Activity

-1.6M

-$1.61M

9-12 Months

Bought

0

0.00

Sold

387.9K

32.84M

Net Activity

-32.8M

-$32.84M

Top Buyers

No buying activity

Top Sellers

1
JMB

Johnson Marianne Boyd

Director, 10 Percent Owner, Officer: Chairman

300.0K sharesโ€ข4 transactions

$25.53M

2
SK

Smith Keith

Director, Officer: President And Ceo

100.0K sharesโ€ข3 transactions

$8.38M

3
HJ

Hirsberg Josh

Officer: Cfo & Treasurer

64.0K sharesโ€ข2 transactions

$5.47M

4
BWR

Boyd William R

Director

63.0K sharesโ€ข4 transactions

$5.21M

5
TSS

Thompson Stephen S.

Officer: Chief Administrative Officer

35.4K sharesโ€ข2 transactions

$2.96M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $49.23M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$8.55M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.