Boyd Gaming (BYD)

Founded in 1975, Boyd Gaming Corporation is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states. The Company is also a strategic partner and 5% equity owner of FanDuel Group, the nation's leading sports-betting and iGaming operator. With one of the most experienced leadership teams in the casino industry, Boyd Gaming prides itself on offering its guests an outstanding entertainment experience, delivered with unwavering attention to customer service.

Company profile

Ticker

BYD

Exchange

NYSE

Website

www.boydgaming.com

CEO

Keith Smith

Incorporated

Nevada

Location

Nevada

Fiscal year end

Dec 31

Sector

Arts, Entertainment, and Recreation > Casinos (except Casino Hotels)

Industry (SIC)

Hotels & Motels

Caesars Entertainment • MGM Resorts International • Hilton Worldwide • Las Vegas Sands • Host Hotels & Resorts • Park Hotels & Resorts • Travel+Leisure • Hyatt Hotels • Wynn Resorts • Melco Resorts & Entertainment ...

SEC CIK

0000906553

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

BGM Co. Inc. • East West Gaming, LLC • Tides 8, LLC • ALST Casino Holdco, LLC • Aliante Gaming, LLC • Blue Chip Casino, LLC • Boyd Acquisition, LLC • Boyd Acquisition I, LLC • Boyd Acquisition II, LLC • Peninsula Gaming, LLC ...

IRS number

880242733

BYD stock data

1M 1Y 5Y

News

From Benzinga Pro

Las Vegas Strip Monthly Gaming Revenue Up 20%, Macau Revenue Down 95%

1 Aug 22

The latest monthly gross gaming revenue (GGR) numbers for Las Vegas and Macau, China are out on Monday, and the numbers continue to tell a story of two gaming hubs headed in completely opposite directions.

Mass. House Speaker Tweets 'I am proud to announce that the Sports Betting Conference Committee has reached an agreement on legislation that will legalize wagering on professional and collegiate sports in Massachusetts...'

1 Aug 22

https://twitter.com/RonMariano/status/1554031859327279104

9 Analysts Have This to Say About Boyd Gaming

27 Jul 22

Analysts have provided the following ratings for Boyd Gaming (NYSE:BYD) within the last quarter:

Barclays Maintains Overweight on Boyd Gaming, Raises Price Target to $65

27 Jul 22

Deutsche Bank Maintains Buy on Boyd Gaming, Lowers Price Target to $66

27 Jul 22

Press releases

From Benzinga Pro

Boyd Gaming Reports Second-Quarter 2022 Results

26 Jul 22

Boyd Gaming Corporation (NYSE:BYD) today reported financial results for the second quarter ended June 30, 2022. Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: "We delivered another strong

Boyd Gaming to Report Second-Quarter 2022 Results, Host Conference Call and Webcast on July 26

5 Jul 22

Boyd Gaming Corporation (NYSE:BYD) announced today that the conference call to review the Company's second-quarter 2022 results will take place on Tuesday, July 26, 2022, at 5:00 p.m. Eastern. The conference call

Boyd Gaming Issues 2021 Environmental, Social and Corporate Governance Report

7 Jun 22

Boyd Gaming Corporation (NYSE:BYD) today announced that the Company has issued its 2021 Environmental, Social and Corporate Governance (ESG) report. Keith Smith, President and Chief Executive Officer of Boyd Gaming,

Boyd Gaming Announces $500 Million Increase to Share Repurchase Authorization

1 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$88.00

Low target

$65.00

High target

$165.00

Calendar

4 Aug 22

9 Aug 22

31 Dec 22

Financial summary

Financial statements Chart BYD financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	264.02M	264.02M	264.02M	264.02M	264.02M	264.02M
Cash burn (monthly)	51.74M	7.65M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	69.13M	10.23M	n/a	n/a	n/a	n/a
Cash remaining	194.89M	253.79M	n/a	n/a	n/a	n/a
Runway (months of cash)	3.8	33.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Boyd Gaming earnings reports.

Recent insider trades

BYD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Jun 22	Keith Smith	Common Stock	Sell	Dispose S	No	No	59.75	26,675	1.59M	1,261,362
6 Jun 22	Keith Smith	Common Stock	Sell	Dispose S	No	No	60.07	25,000	1.5M	1,288,037
6 Jun 22	Keith Smith	Common Stock	Sell	Dispose S	No	No	59.96	25,000	1.5M	1,313,037
6 Jun 22	Keith Smith	Common Stock	Sell	Dispose S	No	No	59.63	25,000	1.49M	1,338,037
6 Jun 22	Keith Smith	Common Stock	Option exercise	Acquire M	No	No	17.75	101,675	1.8M	1,363,037
6 Jun 22	Keith Smith	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	17.75	101,675	1.8M	0
2 Jun 22	William R Boyd	Common Stock	Sell	Dispose S	Yes	No	59.25	70,000	4.15M	1,986,522
26 May 22	Johnson Marianne Boyd	Common Stock	Sell	Dispose S	No	No	58.9797	14,865	876.73K	42,548
26 May 22	Johnson Marianne Boyd	Common Stock	Sell	Dispose S	No	No	58.9797	20,210	1.19M	57,413
25 May 22	Johnson Marianne Boyd	Common Stock	Sell	Dispose S	No	No	55.5975	26,492	1.47M	77,623

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

BYD institutional ownership history Ownership history

12.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	350	326	+7.4%
Opened positions	61	53	+15.1%
Closed positions	37	50	-26.0%
Increased positions	123	112	+9.8%
Reduced positions	110	121	-9.1%

13F shares	Current	Prev Q	Change
Total value	5.07B	12.55B	-59.6%
Total shares	75.9M	76.93M	-1.3%
Total puts	1.41M	875.5K	+61.0%
Total calls	1.24M	1.48M	-16.2%
Total put/call ratio	1.1	0.6	+92.2%

Largest owners	Shares	Value	Change
Vanguard	9.03M	$594.04M	+4.1%
BLK Blackrock	7.03M	$462.14M	+2.1%
CNS Cohen & Steers	4.33M	$284.73M	-1.4%
HG Vora Capital Management	3.75M	$246.68M	-8.5%
Bamco	3.26M	$214.57M	+8.8%
FMR	2.87M	$188.82M	-25.5%
Zeke Capital Advisors	2.7M	$177.71M	0.0%
Ariel Investments	2.63M	$172.97M	+63.4%
IVZ Invesco	2.38M	$156.72M	+45.2%
STT State Street	2.19M	$144.37M	+3.2%

Largest transactions	Shares	Bought/sold	Change
Ariel Investments	2.63M	+1.02M	+63.4%
FMR	2.87M	-984.48K	-25.5%
American Century Companies	825.26K	+812.63K	+6433.1%
Norges Bank	0	-776.01K	EXIT
IVZ Invesco	2.38M	+741.16K	+45.2%
JPM JPMorgan Chase & Co.	1.3M	-665.88K	-33.8%
Goldentree Asset Management	487.29K	+487.29K	NEW
Aqr Capital Management	252.13K	-471.09K	-65.1%
GS Goldman Sachs	613.12K	-424.2K	-40.9%
Natixis	391.4K	+391.4K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: banquet, constitute, energy, es, exceeded, large, mandated, marked, recalculate, referenced, regional, restaurant, rounding, slightly, slower, Stardust, stop, stringent, ticketed, unissued, unrated, unrounded, writedown

Removed: audited, brokerage, expenditure, iGaming, positioned, ranging

From filing 10-Q 2022 Q2

Financial reports

View all