Boyd Gaming Stock Buy Hold or Sell Recommendation
| BYD Stock | USD 62.66 0.27 0.43% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Boyd Gaming is 'Strong Hold'. Macroaxis provides Boyd Gaming buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BYD positions. The advice algorithm takes into account all of Boyd Gaming's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Boyd Gaming's buy or sell advice are summarized below:
Real Value 71.77 | Target Price 79.73 | Hype Value 62.94 | Market Value 62.66 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Boyd Gaming given historical horizon and risk tolerance towards Boyd Gaming. When Macroaxis issues a 'buy' or 'sell' recommendation for Boyd Gaming, the advice is generated through an automated system that utilizes algorithms and statistical models.
Boyd |
Execute Boyd Gaming Buy or Sell Advice
The Boyd recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Boyd Gaming. Macroaxis does not own or have any residual interests in Boyd Gaming or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Boyd Gaming's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Boyd Gaming Trading Alerts and Improvement Suggestions
| Boyd Gaming generated a negative expected return over the last 90 days | |
| The company 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. Debt can assist Boyd Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Boyd Gaming's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Boyd Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Boyd to invest in growth at high rates of return. When we think about Boyd Gaming's use of debt, we should always consider it together with cash and equity. | |
| Boyd Gaming has a strong financial position based on the latest SEC filings | |
| About 69.0% of Boyd Gaming shares are held by institutions such as insurance companies | |
| On 15th of April 2024 Boyd Gaming paid $ 0.17 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Boyd Gaming Expected to Beat Earnings Estimates Can the Stock Move Higher |
Boyd Gaming Returns Distribution Density
The distribution of Boyd Gaming's historical returns is an attempt to chart the uncertainty of Boyd Gaming's future price movements. The chart of the probability distribution of Boyd Gaming daily returns describes the distribution of returns around its average expected value. We use Boyd Gaming price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Boyd Gaming returns is essential to provide solid investment advice for Boyd Gaming.
| Mean Return | 0.01 | Value At Risk | -1.93 | Potential Upside | 2.33 | Standard Deviation | 1.36 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Boyd Gaming historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Boyd Stock 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 originates 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 | Arrowstreet Capital Limited Partnership | 2023-12-31 | 1.2 M | Geode Capital Management, Llc | 2023-12-31 | 1.1 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 999.4 K | Frontier Capital Management Co Inc | 2023-12-31 | 986.1 K | Bank Of New York Mellon Corp | 2023-12-31 | 865.9 K | Charles Schwab Investment Management Inc | 2023-12-31 | 857.6 K | American Century Companies Inc | 2023-12-31 | 838.4 K | Channing Capital Management, Llc | 2023-12-31 | 833.2 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 718.4 K | Blackrock Inc | 2023-12-31 | 8.2 M | Vanguard Group Inc | 2023-12-31 | 7.4 M |
Boyd Gaming Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (2.0M) | (515K) | 2.5M | (2.1M) | 1.5M | 1.6M | |
| Change In Cash | (2.8M) | 264.6M | (177.9M) | (62.1M) | 12.9M | 6.7M | |
| Free Cash Flow | 341.4M | 114.0M | 811.0M | 707.0M | 540.6M | 567.6M | |
| Depreciation | 276.6M | 281.0M | 267.8M | 258.2M | 256.8M | 183.6M | |
| Other Non Cash Items | 78.3M | 234.5M | 170.5M | 95.4M | 161.7M | 94.1M | |
| Dividends Paid | 24.7M | 28.9M | 7.8M | 48.2M | (63.6M) | (60.4M) | |
| Capital Expenditures | 207.6M | 175.0M | 199.5M | 269.2M | 374.0M | 225.7M | |
| Net Income | 157.6M | (134.7M) | 463.8M | 639.4M | 620.0M | 651.0M | |
| End Period Cash Flow | 270.4M | 535.0M | 357.1M | 295.1M | 307.9M | 186.1M | |
| Change To Netincome | 104.2M | 144.3M | 330.9M | 106.7M | 122.7M | 128.8M | |
| Investments | (231.4M) | (171.2M) | (129.6M) | (422.3M) | (470.7M) | (447.2M) | |
| Change Receivables | (315K) | 1.3M | (36.0M) | (16.8M) | (15.1M) | (14.3M) | |
| Net Borrowings | (231.2M) | 173.2M | (878.3M) | 3.2M | 2.9M | 2.8M |
Boyd Gaming Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Boyd Gaming or Hotels, Restaurants & Leisure sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Boyd Gaming's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Boyd stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.07 | |
β | Beta against NYSE Composite | 1.21 | |
σ | Overall volatility | 1.34 | |
Ir | Information ratio | -0.04 |
Boyd Gaming Volatility Alert
Boyd Gaming has relatively low volatility with skewness of 0.33 and kurtosis of 0.08. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Boyd Gaming's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Boyd Gaming's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Boyd Gaming Fundamentals Vs Peers
Comparing Boyd Gaming's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Boyd Gaming's direct or indirect competition across all of the common fundamentals between Boyd Gaming and the related equities. This way, we can detect undervalued stocks with similar characteristics as Boyd Gaming or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Boyd Gaming's fundamental indicators could also be used in its relative valuation, which is a method of valuing Boyd Gaming by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Boyd Gaming to competition |
| Fundamentals | Boyd Gaming | Peer Average |
| Return On Equity | 0.37 | -0.31 |
| Return On Asset | 0.0984 | -0.14 |
| Profit Margin | 0.17 % | (1.27) % |
| Operating Margin | 0.26 % | (5.51) % |
| Current Valuation | 9.47 B | 16.62 B |
| Shares Outstanding | 95.73 M | 571.82 M |
| Shares Owned By Insiders | 28.21 % | 10.09 % |
| Shares Owned By Institutions | 69.24 % | 39.21 % |
| Number Of Shares Shorted | 3.41 M | 4.71 M |
| Price To Earning | 11.73 X | 28.72 X |
| Price To Book | 3.53 X | 9.51 X |
| Price To Sales | 1.65 X | 11.42 X |
| Revenue | 3.74 B | 9.43 B |
| Gross Profit | 2.57 B | 27.38 B |
| EBITDA | 1.27 B | 3.9 B |
| Net Income | 620.02 M | 570.98 M |
| Cash And Equivalents | 283.47 M | 2.7 B |
| Cash Per Share | 2.42 X | 5.01 X |
| Total Debt | 3.73 B | 5.32 B |
| Debt To Equity | 2.42 % | 48.70 % |
| Current Ratio | 0.76 X | 2.16 X |
| Book Value Per Share | 18.01 X | 1.93 K |
| Cash Flow From Operations | 914.52 M | 971.22 M |
| Short Ratio | 4.33 X | 4.00 X |
| Earnings Per Share | 6.12 X | 3.12 X |
| Price To Earnings To Growth | 0.85 X | 4.89 X |
| Target Price | 76.25 | |
| Number Of Employees | 16.13 K | 18.84 K |
| Beta | 1.6 | -0.15 |
| Market Capitalization | 6.02 B | 19.03 B |
| Total Asset | 6.52 B | 29.47 B |
| Retained Earnings | 1.74 B | 9.33 B |
| Working Capital | (67.01 M) | 1.48 B |
Boyd Gaming Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Boyd . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 13665.56 | |||
| Daily Balance Of Power | (0.32) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 62.94 | |||
| Day Typical Price | 62.84 | |||
| Price Action Indicator | (0.41) | |||
| Period Momentum Indicator | (0.27) |
About Boyd Gaming Buy or Sell Advice
When is the right time to buy or sell Boyd Gaming? Buying financial instruments such as Boyd Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 3.9B | 3.9B | 3.7B | 2.8B | Total Assets | 6.2B | 6.3B | 6.5B | 4.3B |
Use Investing Ideas to Build Portfolios
In addition to having Boyd Gaming in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Diversified Assets Thematic Idea Now
Diversified Assets
Pablicly traded close-end funds and other entities backed by different types of diversified investments. The Diversified Assets theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Diversified Assets Theme or any other thematic opportunities.
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Check out Boyd Gaming Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Boyd Stock analysis
When running Boyd Gaming's price analysis, check to measure Boyd Gaming's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boyd Gaming is operating at the current time. Most of Boyd Gaming's value examination focuses on studying past and present price action to predict the probability of Boyd Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boyd Gaming's price. Additionally, you may evaluate how the addition of Boyd Gaming to your portfolios can decrease your overall portfolio volatility.
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Is Boyd Gaming's industry 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 (0.43) | Dividend Share 0.64 | Earnings Share 6.12 | Revenue Per Share 36.896 | Quarterly Revenue Growth 0.034 |
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.
Please note, there is a significant difference between Boyd Gaming's value and its price as these two are different measures arrived at by different 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.