Boyd Gaming Intrinsic Value Calculator – Cubist Systematic Strategies LLC Decreases Investment in Boyd Gaming Co.
March 5, 2023
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Boyd Gaming Intrinsic Value Calculator – Cubist Systematic Strategies LLC has recently decreased their investment in Boyd Gaming ($NYSE:BYD) Co., a gaming and entertainment company primarily located in the United States. This news comes after a recent surge in Boyd Gaming’s stock price, which has attributed to the company’s growing success as they continue to expand their brand.
Despite Cubist Systematic Strategies LLC’s decrease in ownership, Boyd Gaming’s other major institutional investors such as Northern Trust Corp and State Street Corp, remain confident in the company’s growth potential. Despite the recent decline in the stock, these major investors remain committed to Boyd Gaming and are optimistic about their future prospects.
Stock Price
The stock opened at $65.6 and closed at $65.8, a 0.7% increase from the previous closing price of 65.4. The current media exposure for Boyd Gaming Co. is mostly positive, signifying that further investments in the company appear likely. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boyd Gaming. More…
| Total Revenues | Net Income | Net Margin |
| 3.56k | 639.38 | 19.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boyd Gaming. More…
| Operations | Investing | Financing |
| 960.73 | -129.58 | -1.06k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boyd Gaming. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.06k | 4.52k | 14.76 |
Key Ratios Snapshot
Some of the financial key ratios for Boyd Gaming are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.2% | 29.3% | 27.6% |
| FCF Margin | ROE | ROA |
| 20.5% | 39.8% | 10.1% |
Analysis – Boyd Gaming Intrinsic Value Calculator
At GoodWhale, we have been carefully analyzing BOYD GAMING‘s financials in order to give our clients the best possible insights. Our proprietary Valuation Line reveals that the intrinsic value of BOYD GAMING’s share is around $63.3. As of writing, BOYD GAMING stock is traded at $65.8, a fair price that may be slightly overvalued by 4.0%. Nevertheless, given the current market sentiment and strong indicators of potential future performance of the company, BOYD GAMING could potentially offer a long-term opportunity for investors. More…
Peers
Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada. The company continues to be run by the Boyd family under the stewardship of CEO Sam Boyd. Boyd Gaming operates 29 gaming properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
– Penn National Gaming Inc ($NASDAQ:PENN)
As of 2022, Penn National Gaming Inc has a market cap of 5.21B and a ROE of 16.23%. The company is a leading operator of casinos and racetracks in the United States. Penn National Gaming’s properties include Hollywood Casino at Charles Town Races and Hollywood Casino Bangor. The company also owns and operates the Argosy Casino in Alton, Illinois.
– Caesars Entertainment Inc ($NASDAQ:CZR)
Caesars Entertainment Inc is a gaming company. It has a market cap of 9.46B as of 2022 and a Return on Equity of 21.84%. The company owns and operates casinos and resorts. It also provides gaming, hotel, dining, entertainment, and other services.
– Ballys Corp ($NYSE:BALY)
Bally’s Corporation is a gaming and hospitality company that owns and operates casinos, hotels, and spas across the United States. The company has a market cap of 1B as of 2022 and a return on equity of 3.13%. Bally’s Corporation is a publicly traded company listed on the New York Stock Exchange. The company was founded in 1969 and is headquartered in Reno, Nevada.
Summary
Boyd Gaming Corp. (BYD) has recently seen a decrease in investment from Cubist Systematic Strategies LLC. While overall market sentiment remains positive for the Las Vegas-based gaming and entertainment company, current levels of investment may signal shifting trends within the financial sector. Investors have pointed to the rising cost of capital, regulatory changes, and competition from newer gaming operators as reasons for the decreased investment. As such, potential investors should be mindful of the risks associated with investing in Boyd Gaming Corp., and perform their own due diligence when considering an investment.
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