
Boyd Gaming (BYD) Stock Forecast & Price Target
Boyd Gaming (BYD) Analyst Ratings
Bulls say
Boyd Gaming Corp has shown noteworthy improvement in its Adjusted EBITDA margin, which increased by 52 basis points year-over-year and 167 basis points quarter-over-quarter, indicating effective cost management and operational efficiency. The introduction of 53 new stores over the past year is anticipated to contribute positively to the company's margins as these locations mature, despite initial negative margins in their first year of operation. Additionally, ongoing initiatives such as Project 360 are expected to further stimulate financial performance as supply chain pressures ease and enhance the overall profitability of the company.
Bears say
The financial analysis highlights several fundamental concerns influencing a negative outlook on Boyd Gaming's stock. First, the company's same-store sales (SSS) have shown a decline of 2.1% in Q2, indicating ongoing challenges in customer demand and market performance. Additionally, the broader economic environment presents headwinds, including a tight labor supply in the collision repair industry, which may affect consumer spending and related services, further complicating Boyd Gaming's revenue generation efforts across its multiple jurisdictions.
This aggregate rating is based on analysts' research of Boyd Gaming and is not a guaranteed prediction by Public.com or investment advice.
Boyd Gaming (BYD) Analyst Forecast & Price Prediction
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