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Boyd Gaming Corp (NYSE:BYD)’s stock reached an all-time high of 80.51 USD, marking a significant milestone for the $6.55 billion market cap company. According to InvestingPro data, the company maintains impressive gross profit margins of 61.62% and currently trades at a P/E ratio of 13. This peak reflects a robust performance over the past year, with the stock experiencing a remarkable 49.76% increase. The surge in Boyd Gaming’s stock price is indicative of investor confidence and the company’s strong market position, supported by an overall "GOOD" Financial Health Score from InvestingPro. As the stock hits this new high, it underscores the company’s growth trajectory and its ability to capitalize on favorable market conditions. While analyst targets range from $73 to $88, InvestingPro analysis suggests the stock is slightly overvalued at current levels. Discover 10+ additional exclusive insights and detailed valuation metrics with an InvestingPro subscription.
In other recent news, Boyd Gaming Corporation reported strong financial results for the first quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $1.62, exceeding the expected $1.55, and reported revenues of nearly $1 billion, higher than the forecasted $977.18 million. Analysts at Mizuho (NYSE:MFG) Securities raised Boyd Gaming’s stock price target to $86 from $83, citing the company’s robust financial performance and stable business trends. Stifel also increased its price target for Boyd Gaming to $76 from $71, maintaining a Buy rating, and highlighted the company’s consistent performance across its properties.
JPMorgan initiated coverage on Boyd Gaming with a neutral rating and a $79 price target, noting the company’s attractive growth pipeline and capital return profile, including a valuable stake in FanDuel. Boyd Gaming’s recent financial performance also included a total property EBITDA of $361.3 million, surpassing various projections. The company repurchased $328 million worth of shares during the quarter, reflecting its strong balance sheet and commitment to returning capital to shareholders. Despite some weather-related disruptions impacting Q1 results, Boyd Gaming’s core customer spending remained stable, with strategic property developments and online segment growth driving performance.
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