BYD
HoldFallen FavouriteAI neutralBoyd Gaming Corporation · Consumer Cyclical · United States · $5.2B cap · $86.9M/day traded
$71.88 -0.8% · close 27 Oct · scored 28 Oct
Fallen Favourite: A good business, still expensive, and the price is falling.
Reported 22 Oct: the next-year EPS estimate rose 0.6% across the report (snapshots of 18 Oct and 25 Oct).
As of 28 Oct 2026, MoatMap's StockRank for Boyd Gaming Corporation (BYD) is 44/100, ranked against 24,000+ stocks in 35 markets (Quality 61, Value 46, Momentum 29, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Boyd Gaming operates regional and Las Vegas locals casinos and has been returning large amounts of capital, repurchasing about 13% of its shares over the past three months after selling its stake in FanDuel. Regional casinos generate strong cash flow and the shares recently reached an all-time high. But the business is mature, Las Vegas locals results have been soft, and gaming spend is exposed to squeezed lower-income consumers.
ABOUT BOYD GAMING CORPORATION
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Boyd Gaming Corporation is a diversified casino entertainment company that owns and operates gaming properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its competitive strength lies in its portfolio of strategically located casinos, a loyal customer base cultivated through its B Connected loyalty program, and a focus on regional, convenience-oriented gaming markets. Boyd Gaming is a significant regional operator, balancing gaming with complementary amenities to maximize customer engagement.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.6B | 3.7B | 3.9B | 4.1B | 4.8% | 4.1B | 4.1B | 4.2B | 0.8% |
| EPS | 5.87 | 6.12 | 6.19 | 22.56 | 56.6% | 6.81 | 21.49 | 23.43 | 1.9% |
| Shares | 102.8M | 96.8M | 86.2M | 76.4M | -25.7% | 72.7M | — | — | — |
| Debt | 3.9B | 3.7B | 3.9B | 2.7B | -11.4% | 3.3B | — | — | — |
| Equity | 1.6B | 1.7B | 1.6B | 2.6B | 17.9% | — | — | — | — |
| Op CF | 976.1M | 914.5M | 957.1M | 976.7M | 0.0% | 976.7M | — | — | — |
| Inv CF | -422.3M | -264.3M | -433.9M | 1.0B | — | — | — | — | — |
| Fin CF | -615.9M | -637.2M | -509.5M | -2.0B | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 81% of stocks we rank over the past year (26% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of BYD are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BYD | Boyd Gaming Corporation(you) | $5.2B | 44 | Hold |
| RRR | Red Rock Resorts, Inc. | $5.1B | 44 | Hold |
| CZR | Caesars Entertainment, Inc. | $5.9B | 48 | Hold |
| WYNN | Wynn Resorts, Limited | $7.5B | 38 | Hold |
| MTN | Vail Resorts, Inc. | $5.2B | 58 | Hold |
| VAC | Marriott Vacations Worldwide Corporation | $3.8B | 52 | Hold |
| MGM | MGM Resorts International | $7.2B | 21 | Sell |
| LVS | Las Vegas Sands Corp. | $23.1B | 45 | Hold |
| HGV | Hilton Grand Vacations Inc. | $2.8B | 22 | Sell |
| PENN | PENN Entertainment, Inc. | $1.9B | 23 | Sell |
Peer medians: ROE 8.5% · P/E 19.9x · Gross margin 37.3%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.