Boyd Gaming (BYD) stock has been fairly steady lately, catching the attention of investors tracking the company’s recent performance. Shares are now up 34% over the past year, which is an impressive trend given the shifts in the broader casino and hospitality sector.
See our latest analysis for Boyd Gaming.
Momentum has been building for Boyd Gaming, with investors rewarding the stock’s stronger performance over the past year as the company’s 1-year total shareholder return reached 33.4%. The recent positive shift includes a 2.40% one-day share price return and a steady year-to-date gain, suggesting renewed optimism for both the business and the casino sector overall.
If Boyd’s ongoing rally has you watching for the next breakout, this could be the moment to broaden your scope and discover fast growing stocks with high insider ownership
With solid returns but muted annual revenue and net income growth, is Boyd Gaming’s current share price still a bargain, or have investors already priced in all the future gains, leaving little room for upside?
Boyd Gaming’s most widely followed narrative pegs its fair value at $91.46, representing a clear premium to the latest close of $84.98. This signals bullish confidence as the narrative incorporates the company’s growth initiatives and future profitability into its valuation.
The company’s investment in upgrading existing properties, such as the Suncoast renovation and new amenities at various hotels, is anticipated to enhance customer experience and could drive higher revenues and improved net margins. Upcoming projects like the Cadence Crossing in Las Vegas and the Norfolk resort in Virginia aim to tap into underserved markets, which could lead to increased revenues and earnings.
Are you curious what ambitious assumptions underpin this outlook? The narrative blends optimistic future margins, aggressive share buybacks, and lower discount rates. See which bold projections make this target tick.
Result: Fair Value of $91.46 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, competitive pressures at key properties and ongoing economic uncertainty could challenge Boyd Gaming’s growth outlook and put future earnings at risk.
Find out about the key risks to this Boyd Gaming narrative.
If you see Boyd’s story differently or want to dig into the numbers yourself, building your own view takes just a few minutes. Do it your way
A great starting point for your Boyd Gaming research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BYD.
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