Boyd Gaming (BYD)

• Market cap: $6.94B
• 1 day: 0.29%
• 5 days: 3.15%
• 1 month: 0.16%
• 3 months: 14.81%
• 6 months: 13.91%
• Year to date: 20.42%
• 1 year: 44.36%
• 5 years: 229.27%
• 10 years: 454.49%
• Sector: Consumer Discretionary
• Industry: Resorts & Casinos

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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

125% more call options, than puts

Call options by funds: $82.9M | Put options by funds: $36.8M

40% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]

37% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 46

15% more capital invested

Capital invested by funds: $3.93B [Q1] → $4.51B (+$582M) [Q2]

2% more funds holding

Funds holding: 352 [Q1] → 358 (+6) [Q2]

1.82% less ownership

Funds ownership: 72.57% [Q1] → 70.75% (-1.82%) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 146

Research analyst outlook

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

• Low target: $79 9% downside
• Avg. target: $87 1% upside
• High target: $100 16% upside

9 analyst ratings

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

Macquarie Chad Beynon	2% upside $88	Neutral Maintained	28 Jul 2025
Mizuho Ben Chaiken	3% upside $89	Outperform Maintained	25 Jul 2025
Stifel Steven Wieczynski	4% upside $90	Hold Maintained	25 Jul 2025
Barclays Brandt Montour	1% upside $87	Equal-Weight Maintained	18 Jul 2025
Truist Securities Barry Jonas	16% upside $100	Buy Maintained	16 Jul 2025