
Boyd Gaming (BYD) Stock Forecast & Price Target
Boyd Gaming (BYD) Analyst Ratings
Bulls say
Boyd Gaming Corp has expanded its operations by adding 53 new stores over the past year, with the potential for Adjusted EBITDA margins to improve as these locations mature and contribute positively despite initially generating negative margins. The company has already reported a year-over-year increase of 52 basis points and a quarter-over-quarter increase of 167 basis points in its Q2 Adjusted EBITDA margin, indicating effective execution of its strategic initiatives, including Project 360. Furthermore, expectations for improved parts availability as supply chain issues ease may further bolster operational efficiency and margin growth moving forward.
Bears say
Boyd Gaming is currently experiencing several significant challenges that contribute to a negative outlook for its stock. The company has reported negative same-store sales (SSS), which fell by 2.1% in the second quarter, largely attributed to a return to pre-pandemic loss rates and consumer behaviors such as deferring repairs to avoid premium increases. Additionally, the gaming and entertainment sectors are facing labor supply issues, exacerbated by a shortage of new technicians, which could hinder operational capabilities and growth.
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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