Investors Should Take Advantage of Boyd Gaming’s Dip: Buy Now at Under $60
November 21, 2023
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Investors looking for an opportunity to buy low and reap the rewards of a major stock should take advantage of Boyd Gaming ($NYSE:BYD)’s dip in price. Currently trading at under $60, it is an excellent time to purchase shares in the company. Boyd Gaming is a leading gaming industry operator with operations in numerous states across the United States, as well as two properties in Mississippi. It operates twenty-three gaming entertainment properties, including two in the Las Vegas area. With an established track record of success, Boyd Gaming is a great buy at the current price of under $60.
Investors should act now in order to capitalize on the great opportunity presented by this dip. Boyd Gaming has created a strong portfolio of properties around the country, and its presence in both Las Vegas and online gaming means that it is well-positioned to take advantage of upcoming developments in the industry. Furthermore, its wide reach gives it the potential for increased profits in the long-term. With financials that are solid and a bright outlook for the future, Boyd Gaming should be at the top of any investor’s watchlist.
Price History
On Monday, the stock opened at $58.9 and closed at an even lower $58.8. This is a great opportunity for investors as the stock is undervalued. With Boyd Gaming being one of the leading gaming companies in the US and its strategic locations across the nation, buying now could be a great long-term investment decision. Furthermore, Boyd Gaming’s strong financials and innovative strategies could lead to a sustained growth in the coming years. 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 |
| 3.71k | 700.1 | 19.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boyd Gaming. More…
| Operations | Investing | Financing |
| 945.33 | -470.75 | -472.47 |
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 |
| 6.31k | 4.54k | 18.07 |
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 |
| 16.0% | 76.2% | 27.9% |
| FCF Margin | ROE | ROA |
| 15.4% | 36.8% | 10.3% |
Analysis
GoodWhale has conducted an analysis of BOYD GAMING‘s financials, and based on our Star Chart classification, BOYD GAMING is a gorilla-type company, which means it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes it a particularly attractive investment opportunity for investors seeking both dividend yield and growth potential. Further, BOYD GAMING has a strong score of 8/10 for its health score according to our analysis, indicating that it is capable of sustaining future operations in times of crisis. This is thanks to its strong cashflows and low debt levels. However, the company is weaker when it comes to assets, indicating some potential vulnerability here. Overall, BOYD GAMING is an attractive option for investors who are looking for reliable dividend yield and strong growth potential, as well as companies that can sustain operations in difficult times. 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 is a gaming and entertainment company that operates across the U.S. It has recently seen its stock dip, making it an attractive buy right now for investors. Its healthy cash flows and strong balance sheet make it a solid investment with low risk. It has seen an increase in profits in the past quarter due to greater efficiency and productivity, resulting in higher margins.
Its strong market presence and diversified portfolio of regional gaming properties should continue to provide steady growth in the near future. The company is also investing in new technology, such as sports betting, which could further drive growth.
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