BOYD GAMING CORP SEC 10-K Report
Boyd Gaming Corporation has released its 2025 Form 10-K report, highlighting significant financial growth with total revenues of $4,092.0 million and net income of $1,838.9 million, largely due to a gain from the FanDuel Equity Sale. The report details strategic expansions, including new online gaming offerings and property developments, alongside capital management through share repurchases and dividends. Despite robust performance, the company acknowledges challenges such as economic sensitivity, fierce competition, and regulatory risks within the gaming industry.
Boyd Gaming (BYD) Boosts Quarterly Dividend to 20 Cents per Shar
Boyd Gaming (BYD) has announced an increase in its quarterly dividend to 20 cents per share, up from 18 cents, with payment scheduled for April 15. The company, a diversified gaming operator, exhibits strong financial health with robust revenue growth, high profitability margins, and a low bankruptcy risk, despite mixed valuation metrics and recent insider selling. Its strategic multi-jurisdictional presence and efficient operations provide a solid foundation for continued growth.
Las Vegas: Eastside Cannery hotel tower to be imploded
Boyd Gaming Corp. is set to implode the hotel tower of the shuttered Eastside Cannery casino in Las Vegas on March 5 at 2 a.m. The property, located on Boulder Highway, has been closed since the start of the pandemic, and work crews have already begun dismantling parts of it. This demolition continues Las Vegas's history of explosive demolitions.
5 Insightful Analyst Questions From Boyd Gaming's Q4 Earnings Call
Boyd Gaming's Q4 results exceeded revenue and profit expectations, driven by strong local gaming in Las Vegas, despite weakness in destination play and hotel revenues. Management highlighted operational discipline amidst severe winter weather impacts. The article summarizes five key analyst questions from the earnings call, covering topics like local vs. destination play, M&A strategy, tax legislation impact, temporary casino operations, and iGaming expansion support.
Susquehanna Maintains Neutral Rating, Lowers Price Target for BY
Susquehanna maintained a Neutral rating for Boyd Gaming (BYD) but lowered its price target from $90.00 to $89.00. This decision reflects a slight decrease in the target, and historical ratings from other analysts show varying adjustments in recent months. Despite the lowered target, the average analyst target price suggests an 11.33% upside from the current price, with a consensus "Outperform" status.
Las Vegas: Shuttered Eastside Cannery to be demolished
The Eastside Cannery hotel-casino in Las Vegas is being demolished after being shuttered. Work crews have been tearing down the property since Clark County issued a commercial demolition permit in October, valued at $7.5 million. The hotel tower is still standing but has been gutted and stripped of windows.
Shuttered Las Vegas Casino Is Being Demolished
The Eastside Cannery hotel-casino in Las Vegas is currently being demolished following the issuance of a $7.5 million permit. Owner Boyd Gaming Corp. stated that there isn't sufficient market demand to reopen the property and plans to sell the land for residential use. This demolition comes after Boyd Gaming acquired the land for $45 million, having previously leased the site which featured over 300 hotel rooms and a 64,000-square-foot casino.
Boyd Gaming (BYD): Wells Fargo Maintains Rating but Lowers Price Target | BYD Stock News
Wells Fargo maintained an "Equal-Weight" rating for Boyd Gaming (BYD) but lowered its price target from $85.00 to $84.00. This update follows several recent analyst ratings for BYD, with various firms maintaining or adjusting their price targets. Despite the slight reduction, the average analyst target price for BYD suggests a potential upside of 12.93% from its current price, with a consensus brokerage recommendation indicating an "Outperform" status.
Boyd’s Virginia temporary casino expected to ‘break even,’ CEO says
Boyd Gaming's CEO, Kevin Smith, stated that the temporary casino in Virginia is expected to break even during its operation. This marks the first time Smith has publicly addressed the performance of The Interim Gaming Hall since its opening in November. Adjusted gaming revenue for the temporary slots-only facility was $1.4 million in its first 23 days and $1.1 million in December.
The Truth About Boyd Gaming Corp: Is This Casino Stock the Next Big Win or a Total Bust?
This article analyzes Boyd Gaming Corp (BYD) stock, questioning if it's a worthwhile investment. It highlights BYD as a "slow-burn winner" with steady recurring revenue from regional casinos, hotels, and sports betting partnerships, distinguishing it from flashier meme stocks. The piece suggests BYD offers a stable, value-leaning investment for those seeking consistent returns rather than high-risk, high-reward plays, comparing it favorably against more visible casino competitors in terms of fundamental stability.
BYD Q4 Deep Dive: Local Gaming Strength Amid Destination Softness and Ongoing Investments
Boyd Gaming (NYSE:BYD) exceeded Q4 CY2025 revenue and non-GAAP profit expectations, driven by strong local gaming activity in Las Vegas and steady performance in Midwest and South segments. While destination business softness and severe weather posed challenges, disciplined operations and cost controls maintained stability. The company anticipates continued growth from local markets, new property investments, and tax legislation benefits, despite ongoing uncertainty in destination market recovery.
Boyd Gaming stock price target raised to $95 from $90 at Stifel
Stifel increased its price target for Boyd Gaming (NYSE:BYD) to $95 from $90 while maintaining a Hold rating, citing strong core operations and better-than-anticipated margins. The casino operator's recent performance exceeded expectations, excluding weather impacts, and the company is actively returning capital to shareholders through buybacks and consistent dividend increases. Despite the neutral rating, Stifel views any stock pullback as a potential buying opportunity, aligning with InvestingPro's assessment that Boyd Gaming is currently undervalued.
Boyd Gaming Corporation (NYSE:BYD) Q4 2025 Earnings Call Transcript
Boyd Gaming Corporation reported its Q4 and full-year 2025 earnings, highlighting record company-wide revenues and EBITDAR of approximately $1.4 billion for the year. The company's strategy focuses on property investments, portfolio growth, and significant capital returns to shareholders, including $836 million in 2025 through dividends and share repurchases. Future plans include new developments in Las Vegas and Norfolk, Virginia, alongside an optimistic outlook for 2026 driven by core customer growth and tax legislation benefits.
Boyd Gaming Corp (NYSE:BYD) Beats Q4 2025 Earnings and Revenue Estimates
Boyd Gaming Corp (NYSE:BYD) announced strong fourth-quarter and full-year 2025 results, surpassing Wall Street's expectations for both revenue and earnings per share. The company reported revenue of $1.06 billion, exceeding estimates, and adjusted earnings of $2.21 per share, significantly beating the consensus. While immediate market reaction was positive, the stock's recent performance has been tempered by broader market or sector-specific headwinds.
Boyd Gaming Corporation Reports Fourth-Quarter and Full-Year 2025 Results
Boyd Gaming Corporation announced its financial results for the fourth quarter and full year ended December 31, 2025, reporting increased revenues and significant net income, largely due to a $1.4 billion gain from the sale of its FanDuel equity interest. The company highlighted strong performance in its Las Vegas Locals and Midwest & South segments, strategic capital returns to shareholders, and progress on new developments. Boyd Gaming anticipates continued growth in 2026, driven by core customer strength and ongoing investments.
Boyd Gaming's (NYSE:BYD) Q4 CY2025 Sales Beat Estimates
Boyd Gaming (NYSE:BYD) reported strong Q4 CY2025 results, with sales of $1.06 billion exceeding analyst estimates by 4% and non-GAAP EPS of $2.21 beating expectations by 14.2%. Despite recent revenue growth slowing compared to its five-year trend and a decrease in operating margin, the company's full-year EPS is projected to grow by 5.9% over the next 12 months. The market reacted with a slight dip in stock price post-announcement, indicating some investors may have expected more.
Boyd Gaming’s (NYSE:BYD) Q4 CY2025 Sales Beat Estimates
Boyd Gaming (NYSE:BYD) exceeded Q4 CY2025 revenue estimates with sales reaching $1.06 billion, a 2% increase year-on-year. The company's non-GAAP adjusted EPS of $2.21 also beat analyst consensus by 14.2%. Despite solid quarterly performance, the stock traded down 1% immediately after reporting, and analysts project revenue to remain flat over the next 12 months.
Boyd Gaming earnings beat by $0.27, revenue topped estimates
Boyd Gaming reported better-than-expected earnings and revenue for the fourth quarter. The company announced an EPS of $2.21, surpassing analyst estimates by $0.27, and revenue of $1.06 billion, exceeding the consensus of $1.02 billion. Boyd Gaming's stock has shown positive growth over the last three and twelve months, and its financial health is rated as "good performance" by InvestingPro.
Boyd Gaming sells FanDuel stake, returns over $800M to shareholders
Boyd Gaming reported strong full-year 2025 results, with revenues reaching $4.1 billion and net income significantly boosted by a $1.4 billion after-tax gain from the sale of its FanDuel equity. The company returned over $800 million to shareholders through share repurchases and dividends. Despite a slight decline in Q4 Adjusted EBITDAR, Boyd Gaming emphasized its strategic investments, core customer strength, and fortified balance sheet for future growth.
What To Expect From Boyd Gaming's (BYD) Q4 Earnings
Boyd Gaming (BYD) is set to report its Q4 earnings after market hours this Thursday. Analysts anticipate a 1.9% year-on-year revenue decline to $1.02 billion and adjusted earnings of $1.94 per share. The company has a history of beating revenue estimates, and its stock price is currently below the average analyst target.
Earnings Preview: Boyd Gaming (BYD) Q4 Earnings Expected to Decline
Boyd Gaming (BYD) is anticipated to report a year-over-year decline in earnings and lower revenues for the quarter ended December 2025. The market expects quarterly earnings of $1.88 per share and revenues of $1.01 billion, representing -4.1% and -3.2% changes respectively. Despite a 1.73% upward revision in the consensus EPS estimate over the last 30 days, the company's Zacks Earnings ESP of -1.57% and Zacks Rank #3 suggest it's difficult to conclusively predict an earnings beat.
Boyd Gaming Signs Amended and Restated Credit Agreement With Bank of America
Boyd Gaming (BYD) has signed an Amended and Restated Credit Agreement, establishing a new $1.45 billion senior secured revolving credit facility and a $1.2 billion senior secured delayed-draw Term A loan, both maturing in five years. This new agreement, effective January 21, 2026, refinances a prior credit agreement from March 2, 2022, enhancing the company's liquidity and supporting general corporate needs. The facilities offer leverage-based pricing with flexible SOFR or base-rate options and an accordion feature for potential increases.
The Truth About Boyd Gaming Corp: Is This Casino Stock Quietly Leveling Up While Everyone Sleeps?
This article analyzes Boyd Gaming Corp (BYD) as a potentially undervalued casino stock that consistently generates cash flow. It compares BYD to rivals, highlighting its focus on regional casinos and digital betting partnerships as strengths. The piece concludes BYD is a "slow-burn cop" for patient investors rather than a high-hype meme stock.
Boyd Gaming stock hits all-time high at 89.52 USD
Boyd Gaming Corp (BYD) stock has reached an all-time high of $89.52, marking a 20.53% increase over the past year. The company's strong financial health, impressive gross profit margins of 60.53%, and "GREAT" rating on InvestingPro suggest it is undervalued according to Fair Value analysis. This milestone is supported by consistent dividend growth and positive analyst ratings from Wells Fargo and Jefferies.
Boyd Gaming Corporation (NYSE:BYD) Given Consensus Recommendation of "Hold" by Brokerages
Boyd Gaming Corporation (NYSE:BYD) has received a consensus "Hold" recommendation from brokerages, with ten out of fifteen analysts rating it a hold and five recommending a buy. The average 12-month price target is $91.00. Key points include insider stock sales, with Director William R. Boyd selling shares worth approximately $1.61 million, and the company's valuation at a $6.87 billion market cap with a low P/E of 3.84, along with a recent quarterly dividend announcement.
Oliver Luxxe Assets LLC Takes Position in Boyd Gaming Corporation $BYD
Oliver Luxxe Assets LLC recently acquired 21,722 shares of Boyd Gaming Corporation (NYSE:BYD) valued at approximately $1.88 million. This comes as other institutional investors have also adjusted their holdings in the company, which currently trades near $88 with a market capitalization of about $6.9 billion and a low PE ratio of 3.84. Analysts maintain a "Hold" rating on BYD with an average price target of $91, and the company offers a quarterly dividend of $0.18, yielding 0.8%.
3 Reasons BYD is Risky and 1 Stock to Buy Instead
This article identifies Boyd Gaming (BYD) as a risky investment due to disappointing long-term revenue growth, mediocre free cash flow margins, and declining return on invested capital (ROIC). The author suggests that despite a fair valuation, the stock lacks significant upside compared to its potential downsides. Instead, the article recommends a fast-growing restaurant franchise with an "A+ ranch dressing sauce" and points readers to curated lists of high-quality growth stocks for better opportunities.
Why Boyd (BYD) Could Beat Earnings Estimates Again
Boyd Gaming (BYD) is anticipated to beat its upcoming earnings estimates, extending a streak of outperformance. The company has a strong record of exceeding earnings expectations, with an average surprise of 10.77% over the last two quarters. This positive outlook is supported by a favorable Zacks Earnings ESP of +0.83% and a Zacks Rank #2 (Buy), indicating a high probability of another earnings beat.
Las Vegas: Railroad and casino’s negligence led to train striking man, lawsuit says
A California man is suing Boyd Gaming Corp. and Union Pacific Railroad Corp., alleging their negligence led to him being struck by a train in Las Vegas. The lawsuit claims the companies failed to prevent access to railroad tracks through an unrepaired hole in a fence, resulting in the man suffering two partial amputations. Boyd Gaming has declined to comment on the pending litigation.
Boyd Gaming stock reaches all-time high at 88.49 USD By Investing.com
Boyd Gaming Corp's stock has hit an all-time high of $88.49, reflecting strong investor confidence and market performance. The company showcases robust financial health with impressive gross profit margins and a low P/E ratio, despite analysts also mentioning a recent dividend announcement and varied price targets from firms like Jefferies and Wells Fargo. InvestingPro data suggests the stock remains undervalued, with potential upside as high as $110.
Insiding Gaming: Boyd gives $215K to nonprofits through annual Trees of Hope
Boyd Gaming Corp. has donated over $215,000 to nonprofits nationwide through its annual Trees of Hope charitable competition, involving 175 nonprofits in 10 states. Additionally, the Casino Collectibles Association has launched a new tool on its website, ChipGuide My Collection, to help collectors manage and trade casino chips. Macao's casinos recorded $30.8 billion in gross gaming revenue in 2025, surpassing pre-pandemic levels.
Boyd Gaming stock reaches all-time high at 88.49 USD By Investing.com
Boyd Gaming stock (BYD) has hit an all-time high of $88.49, reflecting strong market performance and positive investor sentiment. Analysts have set price targets as high as $110, and the company boasts impressive financial health with 60.53% gross profit margins and a low P/E ratio of 3.97. Recent news also includes a quarterly cash dividend of $0.18 per share and analyst Buy ratings from firms like Jefferies.
Short Interest in Boyd Gaming Corporation (NYSE:BYD) Grows By 22.9%
Short interest in Boyd Gaming Corporation (NYSE:BYD) increased by 22.9% in December, reaching 3,231,662 shares, which represents 5.3% of shares sold short and a short-interest ratio of 4.3 days. Analysts generally rate the stock as "Hold" with an average target price of $91.08. Insiders own 21.97% of the company, with Director William R. Boyd recently selling 20,000 shares for over $1.6 million.
Boyd Gaming (NYSE:BYD): Strongest Q3 Results from the Casino Operator Group
Boyd Gaming (NYSE:BYD) reported the strongest Q3 results among casino operators, with revenues up 4.5% year-on-year, exceeding analysts' expectations by 15.7%. While the company beat revenue estimates, it missed adjusted operating income estimates. Other operators like Red Rock Resorts also performed well, while MGM Resorts and Monarch had mixed or weaker performances against analyst estimates, despite some stock price increases post-reporting.
Boyd Gaming (NYSE:BYD): Strongest Q3 Results from the Casino Operator Group
Boyd Gaming (NYSE:BYD) reported the strongest Q3 results among casino operators, with revenues of $1.00 billion, exceeding analysts' expectations by 15.7%. While it was a mixed quarter with a miss in adjusted operating income, the company demonstrated solid revenue growth and a strong balance sheet. Other casino operators like Red Rock Resorts, MGM Resorts, Monarch, and Caesars Entertainment had varied Q3 performances, highlighting the competitive and evolving landscape of the gaming industry.
The Truth About Boyd Gaming Corp: Is This Casino Stock a Secret Power Play or Total Mirage?
Boyd Gaming Corp (BYD) is presented as a potentially undervalued casino stock that often gets overlooked compared to larger rivals like MGM and Caesars. The article explores whether BYD, with its focus on regional casinos and growing digital betting partnerships, represents a solid investment for long-term, fundamentals-focused investors or if it's merely a "boring boomer stock." It delves into BYD's stock performance, business model, risks, and competitive landscape, concluding that while it lacks social media hype, its sound financials and strategic move into digital gaming make it a "cautious cop" for those looking beyond flashier names.
BOYD GAMING DONATES OVER $215,000 THROUGH 'TREES OF HOPE'
Boyd Gaming Corporation (NYSE: BYD) announced it donated over $215,000 to non-profit organizations nationwide through its annual Trees of Hope™ charitable competition. The 2025 holiday competition involved 175 non-profits across 10 states decorating trees at Boyd Gaming properties, with winners chosen by over 100,000 guest votes. Since its inception in 2007, the company has contributed nearly $2 million through this program.
BOYD GAMING DONATES OVER $215,000 THROUGH 'TREES OF HOPE'
Boyd Gaming Corporation has donated over $215,000 to non-profit organizations across 10 states through its 2025 annual Trees of Hope™ charitable competition. The initiative involved 175 non-profits decorating trees at Boyd Gaming properties, with winners chosen by guests' votes. Since its inception in 2007, the Trees of Hope competition has facilitated nearly $2 million in donations to various non-profit groups.
Holiday tree contest turns into $215,000 boost for local charities
Boyd Gaming (NYSE: BYD) announced it donated over $215,000 through its annual 'Trees of Hope' charitable competition, involving 175 non-profits across 10 states. Winners were chosen by over 100,000 guest votes. Since its inception in 2007, the program has contributed nearly $2 million to non-profit organizations nationwide.
Boyd Gaming Corp Enters Renewable Energy Tax Credit Agreements
Boyd Gaming Corp has entered into agreements to purchase up to $465 million in renewable energy tax credits to reduce its 2025 federal tax costs. These agreements involve renewable energy and storage projects and include indemnification against invalid or untransferred credits, with termination rights if IRS transfer is not completed by September 2026. The information is based on an SEC filing from December 29, 2025.
Boyd Gaming (BYD) Details Up to $465M in Renewable Energy ITC Purchases
Boyd Gaming Corporation (BYD) has announced agreements to purchase up to $465 million in renewable energy investment tax credits (ITCs) generated by various renewable energy projects. These purchases aim to reduce the company's 2025 federal income tax obligations. The agreements include indemnification for Boyd Gaming if the ITCs are not effectively transferred or are deemed invalid, with a deadline of September 15, 2026, for transfer actions to be completed with the IRS.
Is There Now An Opportunity In Boyd Gaming Corporation (NYSE:BYD)?
Boyd Gaming Corporation's stock has seen a significant rise, but despite its undervaluation according to Simply Wall St's model, prospective negative growth introduces risk. The company is currently considered a bargain with an intrinsic value of $112.96, yet its high share price volatility and projected double-digit profit decline warrant caution for investors. Current and potential shareholders are advised to consider these risks before increasing exposure or making an investment decision.
Hudson Bay Capital Management LP Buys 32,254 Shares of Boyd Gaming Corporation $BYD
Hudson Bay Capital Management LP significantly increased its stake in Boyd Gaming Corporation by purchasing an additional 32,254 shares, bringing its total holdings to 124,536 shares valued at approximately $9.74 million. Other institutional investors like Ruffer LLP also acquired sizable positions, with institutional ownership now at 76.81%. Boyd Gaming exhibits a low valuation with a P/E of 3.72, a market cap of $6.65 billion, and recently declared a quarterly dividend of $0.18.
III Capital Management Acquires New Shares in Boyd Gaming Corporation $BYD
III Capital Management initiated a new position in Boyd Gaming Corporation ($BYD) during Q2, acquiring 15,000 shares valued at $1.17 million. Institutional investors collectively own approximately 76.81% of the company, which currently holds a "Hold" consensus rating from analysts with an average price target of $89.54. Boyd Gaming reported quarterly EPS of $1.35 and declared a $0.18 quarterly dividend.
Ex-Dividend Reminder: TKO Group Holdings, Boyd Gaming and Walt Disney
TKO Group Holdings Inc (TKO), Boyd Gaming Corp. (BYD), and Walt Disney Co. (DIS) are scheduled to trade ex-dividend on December 15, 2025. This article details their upcoming dividend payouts, their impact on stock prices, and provides historical dividend charts for investors to assess future yield stability. Current estimated annual yields are 1.58% for TKO, 0.88% for BYD, and 1.38% for DIS.
Boyd Gaming announces renovation plans for Par-A-Dice
Boyd Gaming has announced extensive renovation plans for its Par-A-Dice casino. The upgrades aim to revitalize the property. Further details regarding the scope and timeline of the renovations are anticipated.
First Trust Advisors LP Purchases 978,853 Shares of Boyd Gaming Corporation $BYD
First Trust Advisors LP significantly increased its stake in Boyd Gaming Corporation (NYSE:BYD) by 679.7% in Q2, acquiring an additional 978,853 shares and now owning 1,122,869 shares valued at $87.8 million. This comes as Director William R. Boyd recently sold 20,000 shares, and the company announced a quarterly dividend of $0.18 per share. Analysts generally have a "Hold" rating on the stock with a consensus target price of $89.54.
Boyd Gaming announces $0.18 quarterly dividend
Boyd Gaming Corporation (NYSE:BYD) has declared a quarterly cash dividend of $0.18 per share, payable on January 15, 2026, to shareholders of record on December 15, 2025. This dividend represents a 0.87% yield, and the company has raised its dividend for three consecutive years. The company currently appears undervalued based on InvestingPro Fair Value estimates and holds a "GREAT" financial health score.
Arrowstreet Capital Limited Partnership Increases Holdings in Boyd Gaming Corporation $BYD
Arrowstreet Capital Limited Partnership increased its stake in Boyd Gaming Corporation by 3.1% in the second quarter, bringing its total holdings to 1,324,668 shares valued at approximately $103.63 million. This increase makes Arrowstreet Capital a significant institutional investor, owning about 1.65% of Boyd Gaming. Separately, Director William R. Boyd sold 20,000 shares, reducing his direct ownership by 1.01%.
Boyd Gaming announces $0.18 per share cash dividend payable in January
Boyd Gaming Corporation declared a cash dividend of $0.18 per share, payable on January 15, 2026, to shareholders of record as of December 15, 2025. This announcement follows a strong third quarter in 2025 where Boyd Gaming exceeded analyst expectations in EPS and revenue. Analyst firms like Mizuho and Jefferies have maintained positive ratings and price targets for the company.
