Boyd Gaming Option Alert: Jan 16 $90 Calls at the Ask: 1500 vs 839 OI

Boyd Gaming Option Alert: Jan 16 $90 Calls at the Ask: 1500 @ $3.6 vs 839 OI; Ref=$83.98

Boyd Gaming (NYSE:BYD) Bolsa

BOYD GAMING CORP

Boyd Gaming

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.

Wall Street looked set to close the week on a high note, with large-cap benchmarks pushing higher in Friday's midday trading as optimism over corporate earnings and progress on global trade talks provided support for risk assets. The S&amp;P 500 climbed 0.4% to 6,390, marking a fresh all-time high and the Nasdaq 100 also rose 0.5% to break above 23,330, led by strength in <a href="https://www.benzinga.com/topic/technology-stocks">tech and consumer names. </a>
<ul class="wp-block-list">
<li>QQQ ETF has risen 40% off April&#8217;s lows. <a href="https://www.benzinga.com/quote/QQQ">Track it now here.</a> </li>
</ul>
With today's gains on Wall Street, the combined market capitalization of the Magnificent Seven has hit a new record of $19 trillion, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) alone climbing to $4.25 trillion.
The Roundhill Magnificent Seven ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) is up 1.4% this week and is on pace to log its seventh weekly gain in the last eight.
Markets were buoyed by news from Brussels, where European officials confirmed a Sunday meeting with President Donald Trump. Investors are anticipating the U.S. will move forward with a 15% tariff on EU goods, mirroring the Japan deal structure finalized earlier this week.
President Donald Trump indicated confidence that the Federal Reserve will begin cutting rates, just a day after his high-profile visit to Fed Chair Jerome Powell in Washington, D.C.
Yields on 10-year Treasury bonds held steady at 4.40%, unchanged for the week, while the U.S. dollar index rose 0.3%, paring weekly losses but still set to close lower.
Commodities were broadly weaker. Gold dropped 1.2% to $3,329 per ounce, silver slid 2.4% to $38 per ounce and WTI crude oil declined 1% to $65.40 per barrel.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) extended its decline for a third straight session, slipping 2.2% toward $115,800 and heading for its second consecutive weekly loss—a streak not seen since March 2025.
<h2 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>23,322.82</td>
<td>0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,389.82</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,807.79</td>
<td>0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,251.34</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:35 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) rose 0.4% to $585.34.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.2% up to $447.87.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.4% to $567.18.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) held steady at $223.55.</li>
<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 1.1%; the&nbsp;Communication Services&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 1%.</li>
</ul>
<h2 class="wp-block-heading">Friday&#8217;s Stock Movers</h2>
<ul class="wp-block-list">
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rebounded 5.6% after sliding 8.2% on Thursday amid weaker-than-expected quarterly results. </li>
</ul>
Stocks reacting to earnings reports included:
<ul class="wp-block-list">
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) down 8.94%</li>
<li>Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) up 4.58%</li>
<li>HA Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAHC#NASDAQ">HAHC</a>) down 2.97%</li>
<li>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) up 5.80%</li>
<li>Digital Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) down 0.75%</li>
<li>Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) up 0.80%</li>
<li>Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) down 17.48%</li>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) up 3.63%</li>
<li>VeriSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>) up 6.29%</li>
<li>First Citizens BancShares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) down 0.99%</li>
<li>Shinhan Financial Group Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHG#NYSE">SHG</a>) up 1.26%</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) up 11.91%</li>
<li><a href="https://www.benzinga.com/markets/earnings/25/07/46628310/booz-allen-sticks-to-bold-2026-outlook-as-backlog-hits-38-billion">Booz Allen </a>Hamilton Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) down 2.27%</li>
<li>Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) up 4.90%</li>
<li>Saia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) up 5.49%</li>
<li>AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) down 0.13%</li>
<li>OneMain Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMF#NYSE">OMF</a>) up 0.87%</li>
<li>Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) up 2.24%</li>
<li>Gentex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) up 14.19%</li>
</ul>
Read Now:
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US Stocks Hit New Highs As Magnificent Seven Reach $19 Trillion: What's Moving Markets Friday?

Mizuho analyst Ben Chaiken maintains Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) with a Outperform and raises the price target from $86 to $89.

News

Price Target

Analyst Ratings

Mizuho Maintains Outperform on Boyd Gaming, Raises Price Target to $89

Stifel analyst Steven Wieczynski maintains Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) with a Hold and raises the price target from $87 to $90.

Stifel Maintains Hold on Boyd Gaming, Raises Price Target to $90

Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) reported quarterly earnings of $1.87 per share which beat the analyst consensus estimate of $1.63 by 14.72 percent. This is a 18.35 percent increase over earnings of $1.58 per share from the same period last year. The company reported quarterly sales of $1.034 billion which beat the analyst consensus estimate of $974.694 million by 6.08 percent. This is a 6.87 percent increase over sales of $967.512 million the same period last year.

Earnings

Earnings Beats

Boyd Gaming Q2 Adj. EPS $1.87 Beats $1.63 Estimate, Sales $1.034B Beat $974.694M Estimate

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Earnings Scheduled For July 24, 2025

Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) is preparing to release its quarterly earnings on Thursday, 2025-07-24. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Boyd Gaming to report an earnings per share (EPS) of $1.65.
Anticipation surrounds Boyd Gaming's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings Track Record</h3>
The company's EPS beat by $0.10 in the last quarter, leading to a 4.29% increase in the share price on the following day.
Here's a look at Boyd Gaming's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.52</td>
<td>1.79</td>
<td>1.38</td>
<td>1.49</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.62</td>
<td>1.96</td>
<td>1.52</td>
<td>1.58</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>-2.0%</td>
<td>8.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1753293761_0.png" alt="eps graph" />
<h3>Tracking Boyd Gaming's Stock Performance</h3>
Shares of Boyd Gaming were trading at $82.26 as of July 22. Over the last 52-week period, shares are up 42.63%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Boyd Gaming</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Boyd Gaming.
A total of 12 analyst ratings have been received for Boyd Gaming, with the consensus rating being Neutral. The average one-year price target stands at $82.25, suggesting a potential 0.01% downside.
<h3>Comparing Ratings Among Industry Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Caesars Entertainment, Churchill Downs and Super Group (SGHC), three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Outperform trajectory for Caesars Entertainment, with an average 1-year price target of $40.11, suggesting a potential 51.24% downside.</li>
<li>Analysts currently favor an Outperform trajectory for Churchill Downs, with an average 1-year price target of $135.57, suggesting a potential 64.81% upside.</li>
<li>Analysts currently favor an Buy trajectory for Super Group (SGHC), with an average 1-year price target of $13.14, suggesting a potential 84.03% downside.</li>
</ul>
<h3>Key Findings: Peer Analysis Summary</h3>
The peer analysis summary provides a snapshot of key metrics for Caesars Entertainment, Churchill Downs and Super Group (SGHC), illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Boyd Gaming</td>
<td>Neutral</td>
<td>3.23%</td>
<td>$504.29M</td>
<td>7.60%</td>
</tr>
<tr>
<td>Caesars Entertainment</td>
<td>Outperform</td>
<td>1.90%</td>
<td>$1.41B</td>
<td>-2.80%</td>
</tr>
<tr>
<td>Churchill Downs</td>
<td>Outperform</td>
<td>8.75%</td>
<td>$189.50M</td>
<td>7.12%</td>
</tr>
<tr>
<td>Super Group (SGHC)</td>
<td>Buy</td>
<td>25.49%</td>
<td>$150M</td>
<td>9.63%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Boyd Gaming ranks in the middle for Consensus rating. It is at the bottom for Revenue Growth. It is at the top for Gross Profit. It is at the top for Return on Equity.
<h3>Discovering Boyd Gaming: A Closer Look</h3>
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.
<h3>Financial Milestones: Boyd Gaming's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Boyd Gaming's remarkable performance in 3 months is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 3.23%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.24%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Boyd Gaming's ROE stands out, surpassing industry averages. With an impressive ROE of 7.6%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Boyd Gaming's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.73%, the company showcases efficient use of assets and strong financial health.
Debt Management: Boyd Gaming's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 3.13.
<a href="https://www.benzinga.com/quote/BYD/earnings">To track all earnings releases for Boyd Gaming visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Boyd Gaming's Upcoming Earnings

Barclays analyst Brandt Montour maintains Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) with a Equal-Weight and raises the price target from $73 to $87.

Barclays Maintains Equal-Weight on Boyd Gaming, Raises Price Target to $87

Truist Securities analyst Barry Jonas maintains Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) with a Buy and raises the price target from $85 to $100.

Truist Securities Maintains Buy on Boyd Gaming, Raises Price Target to $100

<a href="https://www.bloomberg.com/news/articles/2025-07-15/polymarket-probe-ended-by-doj-in-win-for-crypto-bets-under-trump" title="https://www.bloomberg.com/news/articles/2025-07-15/polymarket-probe-ended-by-doj-in-win-for-crypto-bets-under-trump">https://www.bloomberg.com/news/articles/2025-07-15/polymarket-probe-ended-by-doj-in-win-for-crypto-bets-under-trump</a>

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Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) underwent analysis by 14 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">9</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $78.79, a high estimate of $87.00, and a low estimate of $71.00. Marking an increase of 1.42%, the current average surpasses the previous average price target of $77.69. 
<img src="https://www.benzinga.com/files/images/story/2025/1752264104_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Boyd Gaming's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$80.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$87.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$86.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>RJ Milligan</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$85.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$79.00</td>
<td>-</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$76.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$74.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$76.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$71.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Outperform</td>
<td>$86.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$83.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$73.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$72.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$75.00</td>
<td>$77.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Boyd Gaming. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Boyd Gaming compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Boyd Gaming's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Boyd Gaming's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BYD/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Boyd Gaming analyst ratings.</a>
<h2>Delving into Boyd Gaming's Background</h2>
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.
<h3>Understanding the Numbers: Boyd Gaming's Finances</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Boyd Gaming's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.23% as of 31 March, 2025, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Boyd Gaming's net margin is impressive, surpassing industry averages. With a net margin of 11.24%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Boyd Gaming's ROE stands out, surpassing industry averages. With an impressive ROE of 7.6%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Boyd Gaming's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.73% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Boyd Gaming's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 3.13.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 14 Analysts Discuss Boyd Gaming Stock

Wall Street is poised to conclude the week on a cautious note, with equities easing on Friday after President Donald Trump signaled a <a href="https://www.benzinga.com/topic/donald-trump">more aggressive trade stance. </a>
A formal letter outlining tariff intentions is expected to be delivered to EU leaders in the coming hours, following Trump&#8217;s announcement earlier this week of a 35% tariff on Canadian imports starting Aug. 1 and blanket duties of 15% to 20% on most other trading partners.
The S&amp;P 500 dipped 0.2% and the Nasdaq Composite was flat, after both notched fresh record highs on Thursday. The Dow Jones Industrial Average fell nearly 300 points, dragged down by renewed fears of a global trade escalation and weak sentiment in industrials and financials. Small caps, which had outperformed in recent sessions, dropped over 1%. 
Treasury markets reflected the increased anxiety. The yield on the 10-year U.S. Treasury note climbed nearly 4 basis points to 4.39%, as investors braced for potential inflationary effects from tariffs.
Commodities took center stage, with gold jumping over 1% to $3,355 per ounce, supported by safe-haven flows amid deepening trade frictions. Silver extended its bullish run, surging past $38 per ounce, its highest level in nearly 14 years.
Crude oil prices also regained momentum, with West Texas Intermediate (WTI) futures rising above $68 per barrel, recovering from a 2.5% loss in the prior session.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pulled back modestly after hitting a new all-time high of $118,839 overnight. The largest cryptocurrency was last trading near $117,500 as broader risk sentiment weakened. 
<h2 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,842.01</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,267.82</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,374.39</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,242.18</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) fell 0.3% to $573.92.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropped 0.6% to $443.91.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;flattened at $555.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropped $222.59.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 0.5%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.1%.</li>
</ul>
<h2 class="wp-block-heading">Friday&#8217;s Stock Movers</h2>
<ul class="wp-block-list">
<li>Halliburton Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) rallied 3.7% after TD Cowen raised its price target to $36 from $32, while reiterating a Buy rating.</li>
<li>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.5% after HSBC lowered its price target to $47 from $50, maintaining a Hold rating.</li>
<li>
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<path d="M12.0303 4.11328C13.4406 2.70317 15.7275 2.70305 17.1377 4.11328C18.5474 5.52355 18.5476 7.81057 17.1377 9.2207L10.8457 15.5117C10.522 15.8354 10.2868 16.0723 10.0547 16.2627L9.82031 16.4395C9.61539 16.5794 9.39783 16.7003 9.1709 16.7998L8.94141 16.8916C8.75976 16.9582 8.57206 17.0072 8.35547 17.0518L7.59082 17.1865L5.19727 17.5859C5.05455 17.6097 4.90286 17.6358 4.77441 17.6455C4.67576 17.653 4.54196 17.6555 4.39648 17.6201L4.24707 17.5703C4.02415 17.4746 3.84119 17.3068 3.72559 17.0957L3.67969 17.0029C3.59322 16.8013 3.59553 16.6073 3.60547 16.4756C3.61519 16.3473 3.6403 16.1963 3.66406 16.0537L4.06348 13.6602C4.1638 13.0582 4.22517 12.6732 4.3584 12.3096L4.45117 12.0791C4.55073 11.8521 4.67152 11.6346 4.81152 11.4297L4.9873 11.1953C5.17772 10.9632 5.4146 10.728 5.73828 10.4043L12.0303 4.11328ZM6.67871 11.3447C6.32926 11.6942 6.14542 11.8803 6.01953 12.0332L5.90918 12.1797C5.81574 12.3165 5.73539 12.4618 5.66895 12.6133L5.60742 12.7666C5.52668 12.9869 5.48332 13.229 5.375 13.8789L4.97656 16.2725L4.97559 16.2744H4.97852L7.37207 15.875L8.08887 15.749C8.25765 15.7147 8.37336 15.6839 8.4834 15.6436L8.63672 15.5811C8.78817 15.5146 8.93356 15.4342 9.07031 15.3408L9.2168 15.2305C9.36965 15.1046 9.55583 14.9207 9.90527 14.5713L14.8926 9.58301L11.666 6.35742L6.67871 11.3447ZM16.1963 5.05371C15.3054 4.16304 13.8616 4.16305 12.9707 5.05371L12.6074 5.41602L15.833 8.64258L16.1963 8.2793C17.0869 7.38845 17.0869 5.94456 16.1963 5.05371Z"></path>
<path d="M4.58301 1.7832C4.72589 1.7832 4.84877 1.88437 4.87695 2.02441C4.99384 2.60873 5.22432 3.11642 5.58398 3.50391C5.94115 3.88854 6.44253 4.172 7.13281 4.28711C7.27713 4.3114 7.38267 4.43665 7.38281 4.58301C7.38281 4.7295 7.27723 4.8546 7.13281 4.87891C6.44249 4.99401 5.94116 5.27746 5.58398 5.66211C5.26908 6.00126 5.05404 6.43267 4.92676 6.92676L4.87695 7.1416C4.84891 7.28183 4.72601 7.38281 4.58301 7.38281C4.44013 7.38267 4.31709 7.28173 4.28906 7.1416C4.17212 6.55728 3.94179 6.04956 3.58203 5.66211C3.22483 5.27757 2.72347 4.99395 2.0332 4.87891C1.88897 4.85446 1.7832 4.72938 1.7832 4.58301C1.78335 4.43673 1.88902 4.3115 2.0332 4.28711C2.72366 4.17203 3.22481 3.88861 3.58203 3.50391C3.94186 3.11638 4.17214 2.60888 4.28906 2.02441L4.30371 1.97363C4.34801 1.86052 4.45804 1.78333 4.58301 1.7832Z"></path>
<div class="text-center"></div>
<path d="M6.24992 11.0417C6.65578 11.0417 7.04227 10.9587 7.39339 10.809C7.05099 11.7065 6.35374 12.9827 5.29864 13.1333C4.84303 13.1985 4.52644 13.6206 4.59153 14.0762C4.65662 14.5318 5.07873 14.8484 5.53434 14.7832C7.66169 14.4794 8.93792 12.0592 9.30742 10.1591C9.50975 9.11833 9.48792 7.98412 9.04084 7.03938C8.53525 5.97097 7.43538 5.20335 6.23748 5.20834C4.63238 5.21504 3.33325 6.5183 3.33325 8.12498C3.33325 9.73583 4.63909 11.0417 6.24992 11.0417Z"></path>
<path d="M13.4832 11.0417C13.889 11.0417 14.2755 10.9587 14.6267 10.809C14.2843 11.7065 13.587 12.9827 12.5319 13.1333C12.0763 13.1985 11.7597 13.6206 11.8248 14.0762C11.8899 14.5318 12.312 14.8484 12.7676 14.7832C14.8949 14.4794 16.1712 12.0592 16.5407 10.1591C16.743 9.11833 16.7212 7.98412 16.2741 7.03938C15.7685 5.97097 14.6687 5.20335 13.4708 5.20834C11.8656 5.21504 10.5665 6.5183 10.5665 8.12498C10.5665 9.73583 11.8724 11.0417 13.4832 11.0417Z"></path>Boyd Gaming Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) tumbled 6% after announcing it will sell its 5% stake in FanDuel to Flutter Entertainment for $1.76 billion. The deal is expected to close in the third quarter of 2025.</li>
</ul>
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Tariff Jitters Hit Stocks, Silver Jumps To 14-Year Highs: What's Moving Markets Friday?

Morgan Stanley analyst Stephen Grambling maintains Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) with a Equal-Weight and raises the price target from $76 to $80.

Morgan Stanley Maintains Equal-Weight on Boyd Gaming, Raises Price Target to $80

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Canaccord Genuity analyst Susan Anderson downgraded Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) from Buy to Hold and lowered the price target from $47 to $26. Helen Of Troy shares closed at $23.96 on Thursday. <a href="https://www.benzinga.com/quote/HELE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Laurence Alexander downgraded Nutrien Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTR#NYSE">NTR</a>) from Buy to Hold and raised the price target from $63 to $66. Nutrien shares closed at $60.80 on Thursday. <a href="https://www.benzinga.com/quote/NTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Scotiabank analyst Paul Cheng downgraded the rating for Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) from Sector Outperform to Sector Perform and announced a $133 price target. Phillips 66 shares closed at $134.39 on Thursday. <a href="https://www.benzinga.com/quote/PSX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna analyst Joseph Stauff downgraded Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) from Positive to Neutral and raised the price target from $76 to $86. Boyd Gaming shares closed at $85.37 on Thursday. <a href="https://www.benzinga.com/quote/BYD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst David Konrad downgraded Northern Trust Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) from Market Perform to Underperform and raised the price target from $103 to $120. Northern Trust shares closed at $126.62 on Thursday. <a href="https://www.benzinga.com/quote/NTRS/analyst-ratings">See how other analysts view this stock.</a></li>
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WIIM

Boyd Gaming shares are trading lower after Susquehanna downgraded the stock from Positive to Neutral. The company announced it is going to sell its FanDuel interest.

Stifel analyst Steven Wieczynski maintains Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) with a Hold and raises the price target from $76 to $87.

Stifel Maintains Hold on Boyd Gaming, Raises Price Target to $87

Susquehanna analyst Joseph Stauff downgrades Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) from Positive to Neutral and raises the price target from $76 to $86.

Susquehanna Downgrades Boyd Gaming to Neutral, Raises Price Target to $86

Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) has agreed to divest its 5% stake in FanDuel Group to Flutter Entertainment plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) <a href="https://www.benzinga.com/pressreleases/25/07/n46356162/boyd-gaming-to-sell-fanduel-interest-for-1-755-billion" target="_blank" rel="noreferrer noopener">for $1.755 billion in cash</a>.
The deal is expected to be finalized in the third quarter of 2025, <a href="https://www.benzinga.com/pressreleases/25/07/g46356232/flutter-secures-100-ownership-of-fanduel-through-new-agreement-with-boyd" target="_blank" rel="noreferrer noopener">pending regulatory green lights</a>. 
Boyd said it will channel the funds into lowering its debt burden and fortifying its balance sheet.
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As of March 31, 2025, Boyd Gaming had cash on hand of $311.5 million, and <a href="https://investors.boydgaming.com/2025-04-24-BOYD-GAMING-REPORTS-FIRST-QUARTER-2025-RESULTS" target="_blank" rel="noreferrer noopener">total debt</a> of $3.5 billion. 
The Las Vegas-based casino operator also announced a refresh of its partnership with FanDuel, which includes new terms to extend market access agreements through 2038 in several states.
These new arrangements will result in fixed annual fees for Boyd in places where FanDuel operates under its market licenses.
Under terms of the revised market-access agreements with FanDuel, the company expects its online division to rake in $50 million to $55 million in operating income and Adjusted EBITDAR in 2025, tapering to about $30 million in 2026.
Keith Smith, President and CEO of Boyd, called the move a realization of the "unlocked value" generated by the FanDuel partnership. &#8220;This strengthens our financial position to continue reinvesting in our core business and reward shareholders,&#8221; Smith noted.
Flutter Entertainment, which already held a 95% stake in FanDuel, will now take full ownership. This transaction values FanDuel at approximately $31 billion.
Flutter anticipates the new deal will reduce annual market-access costs by roughly $65 million beginning July 2025. As of March 31, Flutter Entertainment had cash and cash equivalents <a href="https://www.flutter.com/media/hbxfi0tg/q1-2025-earnings-release-website.pdf" target="_blank" rel="noreferrer noopener">worth </a>$1.537 billion.
It also deepens the ongoing relationship between Flutter and Boyd while simplifying ownership of one of the U.S.&#8217;s top sports betting platforms.
Flutter CEO Peter Jackson described the 2018 FanDuel acquisition as transformative and emphasized the benefits of consolidating ownership. "FanDuel's leadership in U.S. sports betting has been pivotal, and we're excited to take full control while continuing our long-term alliance with Boyd," Jackson stated.
Flutter has secured a $1.75 billion bridge credit facility to finance the transaction. The agreement, which includes first lien term loans, features flexible maturity and interest terms to accommodate the acquisition and related expenses.
Following the transaction, FanDuel will continue managing Boyd's retail sportsbooks outside Nevada through mid-2026, after which Boyd will take over those operations directly.
Price Action: BYD shares are trading lower by 1.73% to $83.89 premarket at last check Friday, FLUT shares are trading lower by 0.06% to $289.41.
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Asset Sales

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General

Boyd Gaming Sells FanDuel Stake, Secures Long-Term Market Access Fees

Boyd Gaming & FanDuel To Terminate Certain Existing Market-access Agreements Between Parties, Enter New Agreements; FanDuel To Also Continue To Operate Boyd's Retail Sportsbooks Outside Of Nevada Through Mid-2026

Boyd Gaming To Sell FanDuel Interest For $1.755B; Transaction Is Expected To Close In Q3 Of 2025; Entered Into Deal To Sell Co's 5% Equity Interest In FanDuel To Flutter Entertainment Plc

Boyd Gaming's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) short percent of float has risen 6.34% since its last report. The company recently reported that it has 2.93 million shares sold short, which is 4.53% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.91 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Boyd Gaming Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752174020_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Boyd Gaming has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Boyd Gaming's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Boyd Gaming's peer group average for short interest as a percentage of float is 5.60%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Press Releases

BOYD GAMING INCREASES QUARTERLY DIVIDEND TO $0.18 PER SHARE

Gaming and Leisure Properties, Inc. Reports Record Fourth Quarter Results, Establishes 2025 Guidance and Announces 2025 First Quarter Dividend of $0.76 Per Share

BOYD GAMING TO REPORT FIRST-QUARTER 2025 RESULTS, HOST CONFERENCE CALL AND WEBCAST ON APRIL 24

BOYD GAMING REPORTS FIRST-QUARTER 2025 RESULTS

Gaming And Leisure Properties Reports First Quarter 2025 Results and Updates 2025 Full Year Guidance

BOYD GAMING ANNOUNCES QUARTERLY DIVIDEND

BOYD GAMING TO REPORT SECOND-QUARTER 2025 RESULTS, HOST CONFERENCE CALL AND WEBCAST ON JULY 24

BOYD GAMING TO SELL FANDUEL INTEREST FOR $1.755 BILLION

BOYD GAMING REPORTS SECOND-QUARTER 2025 RESULTS

Gaming and Leisure Properties Reports Second Quarter 2025 Results and Updates 2025 Full Year Guidance

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