Inside the research
Boyd Gaming Corporation
BYD Research profile · latest available data
Price overview
$71.23
▼ -0.61 (-0.8%)
| 52w hi | $91.02 |
|---|---|
| 52w lo | $71.23 |
| Vol | 956.40K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.45
| Short | -0.48 |
|---|---|
| Medium | -0.54 |
| Long | -0.20 |
computed 2026-09-27
Key fundamentals
Boyd Gaming Corporation
Consumer Cyclical · Resorts & Casinos
| Market cap | $5.18B |
|---|---|
| Enterprise value | $8.11B |
| Trailing P/E | 3.16x |
| Forward P/E | 9.17x |
| EV / EBITDA | 6.91x |
| P / S (ttm) | 1.26x |
| Profit margin | 44.3% |
| Return on equity | 93.1% |
| Revenue growth | +0.0% |
| Earnings growth | -4.9% |
| Debt / equity | 130.47 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.25 | |
| Sector | -0.03 | |
| Technical | -0.41 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States and Canada. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. It owns and operates casinos; Boyd Interactive, an online casino gaming business; and a travel agency. The company was formerly known as The Boyd Group and changed its name to Boyd Gaming Corporation in April 1993. Boyd Gaming Corporation was founded in 1975 and is headquartered in Las Vegas, Nevada.
Risk Metrics
| Beta vs SPX | 0.86 |
|---|---|
| Corr SPX | 0.51 |
| Annual vol | 27.2% |
| Annual ret | +9.0% |
| Sharpe | 0.33 |
| Max DD | -23.5% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-13 | Other Material Event | read |
| 2026-07-23 | Earnings Release, Exhibits | read |
| 2026-06-25 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-05-08 | Officer / Director Change, Shareholder Vote | read |
| 2026-05-07 | Other Material Event | read |
| 2026-04-23 | Earnings Release, Exhibits | read |
| 2026-02-24 | Officer / Director Change | read |
| 2026-02-19 | Other Material Event | read |
| 2026-02-05 | Earnings Release, Exhibits | read |
| 2026-01-21 | Material Agreement, Termination of Agreement… | read |
| 2025-12-29 | Other Material Event | read |
| 2025-12-04 | Other Material Event | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-28 | Hirsberg Josh | CFO & Treasurer | Sell | 12.78K | $1.15M |
| 2026-07-22 | Andersen Stacia J.P. | Grant | 2.04K | — | |
| 2026-07-22 | ROETH GEORGE C | Grant | 2.04K | — | |
| 2026-06-30 | JOHNSON MARIANNE BOYD | Grant | 30.35K | — | |
| 2026-06-30 | JOHNSON MARIANNE BOYD | Withheld for tax | 30.82K | $2.72M | |
| 2026-06-09 | Clinton Uri | Chief Legal Off. & Secret | Sell | 3.47K | $304.11K |
| 2026-06-03 | SMITH KEITH | President and CEO | Sell | 100.00K | $8.59M |
| 2026-05-13 | SPADAFOR CHRISTINE J. | Sell | 1.24K | $100.09K | |
| 2026-05-07 | SPADAFOR CHRISTINE J. | Grant | 2.35K | — | |
| 2026-05-07 | WHETSELL PAUL W | Grant | 2.35K | — |
Flow & Concentration
| Insider 180d net | -$10.14M |
|---|---|
| Insider buys / sells | 0 / 4 |
| Insider bias | Sellers |
| 13F holders | 9 |
| Top-5 share | 94.3% |
| HHI | 2,626 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $167.00M | 1.89M |
| Fidelity / FMR LLC | $84.18M | 953.02K |
| Citadel Advisors | $51.06M | 578.02K |
| Capital Research / Capital World | $44.05M | 498.73K |
| Millennium Management | $23.05M | 260.99K |
| Renaissance Technologies | $14.87M | 168.30K |
| Bridgewater Associates | $5.99M | 67.83K |
| AQR Capital Management | $1.50M | 16.96K |
| T. Rowe Price Group | $50.20K | 568.27K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.53% |
|---|---|
| $ / share (TTM) | $0.38 |
| 5y CAGR | — |
Annual dividend per share
| 2019 | $0.27 |
|---|---|
| 2022 | $0.60 |
| 2023 | $0.64 |
| 2024 | $0.68 |
| 2025 | $0.72 |
| 2026 | $0.20 |
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $4.09B | +7.5% | |
| Operating income | $748.41M | +10.2% | |
| Net income | $1.84B | +68.8% | |
| Cash from ops | $957.08M | +11.7% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $71.93 | $72.31 | $70.47 | $71.23 | 956.40K |
| Sep 24 | $71.41 | $72.11 | $69.90 | $71.84 | 1.25M |
| Sep 23 | $71.69 | $72.53 | $71.30 | $71.74 | 946.30K |
| Sep 22 | $73.89 | $74.50 | $71.94 | $72.08 | 1.02M |
| Sep 21 | $73.32 | $73.75 | $71.84 | $72.58 | 987.90K |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →