BOYD GAMING CORP (BYD) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does BOYD GAMING CORP Do?
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada. BOYD GAMING CORP (BYD) is classified as a mid-cap stock in the Consumer Discretionary sector, specifically within the Restaurants, Hotels, Motels industry. The company is led by CEO Keith E. Smith and employs approximately 15,800 people, headquartered in LAS VEGAS, Nevada. With a market capitalization of $6.3B, BYD is one of the notable companies in the Consumer Discretionary sector.
BOYD GAMING CORP (BYD) Stock Rating — Hold (April 2026)
As of April 2026, BOYD GAMING CORP receives a Hold rating with a composite score of 51.9/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.BYD ranks #580 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, BOYD GAMING CORP ranks #37 of 442 stocks, placing it in the top 10% of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
BYD Stock Price and 52-Week Range
BOYD GAMING CORP (BYD) currently trades at $86.50. The stock lost $0.33 (0.4%) in the most recent trading session. The 52-week high for BYD is $89.96, which means the stock is currently trading -3.8% from its annual peak. The 52-week low is $58.94, putting the stock 46.8% above its annual trough. Recent trading volume was 580K shares, suggesting relatively thin trading activity.
Is BYD Overvalued or Undervalued? — Valuation Analysis
BOYD GAMING CORP (BYD) carries a value factor score of 77/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 3.55x, compared to the Consumer Discretionary sector average of 24.47x — a discount of 85%. The price-to-book ratio stands at 2.49x, versus the sector average of 1.99x. The price-to-sales ratio is 1.63x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, BYD trades at 5.99x EV/EBITDA, versus 4.91x for the sector.
Based on these multiples, BOYD GAMING CORP appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
BOYD GAMING CORP Profitability — ROE, Margins, and Quality Score
BOYD GAMING CORP (BYD) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 70.2%, compared to the Consumer Discretionary sector average of 6.2%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 27.9% versus the sector average of 2.5%.
On a margin basis, BOYD GAMING CORP reports gross margins of 49.0%, compared to 36.9% for the sector. The operating margin is 20.1% (sector: 3.8%). Net profit margin stands at 45.7%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at 3.8% on a trailing basis, compared to 3.3% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
BYD Debt, Balance Sheet, and Financial Health
BOYD GAMING CORP has a debt-to-equity ratio of 152.0%, compared to the Consumer Discretionary sector average of 89.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.54x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $2.46B. Cash and equivalents stand at $319M.
BYD has a beta of 0.91, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for BOYD GAMING CORP is 80/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
BOYD GAMING CORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, BOYD GAMING CORP reported revenue of $3.99B and earnings per share (EPS) of $22.56. Net income for the quarter was $1.83B. Gross margin was 49.0%. Operating income came in at $802M.
In FY 2025, BOYD GAMING CORP reported revenue of $4.09B and earnings per share (EPS) of $22.56. Net income for the quarter was $1.84B. Revenue grew 4.1% year-over-year compared to FY 2024. Operating income came in at $748M.
In Q3 2025, BOYD GAMING CORP reported revenue of $1.00B and earnings per share (EPS) of $17.81. Net income for the quarter was $1.44B. Revenue grew 4.5% year-over-year compared to Q3 2024. Operating income came in at $140M.
In Q2 2025, BOYD GAMING CORP reported revenue of $1.03B and earnings per share (EPS) of $1.84. Net income for the quarter was $150M. Revenue grew 6.9% year-over-year compared to Q2 2024. Operating income came in at $242M.
Over the past 8 quarters, BOYD GAMING CORP has demonstrated a growth trajectory, with revenue expanding from $968M to $3.99B. Investors analyzing BYD stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
BYD Dividend Yield and Income Analysis
BOYD GAMING CORP (BYD) does not currently pay a dividend. This is common among smaller companies in the Restaurants, Hotels, Motels industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Consumer Discretionary dividend stocks may want to explore other Consumer Discretionary stocks or use the stock screener to filter by dividend yield.
BYD Momentum and Technical Analysis Profile
BOYD GAMING CORP (BYD) has a momentum factor score of 50/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 32/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 18/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
BYD vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison
Within the Consumer Discretionary sector, BOYD GAMING CORP (BYD) ranks #37 out of 442 stocks based on the Blank Capital composite score. This places BYD in the top decile of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.
Comparing BYD against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BYD vs S&P 500 (SPY) comparison to assess how BOYD GAMING CORP stacks up against the broader market across all factor dimensions.
BYD Next Earnings Date
No upcoming earnings date has been announced for BOYD GAMING CORP (BYD) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy BYD? — Investment Thesis Summary
BOYD GAMING CORP presents a balanced picture with arguments on both sides. The value score of 77/100 suggests attractive pricing relative to fundamentals. Low volatility (stability score 80/100) reduces downside risk.
In summary, BOYD GAMING CORP (BYD) earns a Hold rating with a composite score of 51.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BYD stock.
Related Resources for BYD Investors
Explore more research and tools: BYD vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BYD head-to-head with peers: BYD vs MCRI, BYD vs CASY, BYD vs IMKTA.