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Boyd Gaming Corp’s stock reached an all-time high of $87.85, marking a significant milestone for the company. According to InvestingPro data, the company currently trades at an attractive P/E ratio of 13.45, though analysis suggests the stock is slightly overvalued at current levels. This peak comes amid a strong performance over the past year, with the stock experiencing a notable 36.9% increase. The gaming and hospitality company’s robust growth trajectory, supported by impressive gross profit margins of 61.27% and a market capitalization of $7.03 billion, has been fueled by strategic expansions and favorable market conditions. With analyst price targets ranging from $80 to $101, and an overall "GOOD" financial health rating from InvestingPro, the company continues to demonstrate strong fundamentals driving the stock to its highest point ever. This achievement underscores Boyd Gaming’s resilience and adaptability in a competitive industry landscape. For deeper insights into Boyd Gaming’s valuation and growth prospects, including 12 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Boyd Gaming Corporation reported robust financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $1.87, exceeding the forecasted $1.65, and reported revenue of $1.03 billion, which was higher than the anticipated $979.42 million. Additionally, Boyd Gaming has completed the sale of its 5% equity interest in FanDuel Group to Flutter Entertainment for $1.758 billion in cash. The proceeds from this transaction are intended for debt reduction and strategic investments. Furthermore, Boyd Gaming’s board of directors declared a quarterly cash dividend of $0.18 per share, payable on October 15, 2025, to shareholders of record as of September 15, 2025. These developments reflect Boyd Gaming’s ongoing efforts to maintain a strong financial position while returning capital to shareholders.
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