
Boyd Gaming (BYD) Stock Forecast & Price Target
Boyd Gaming (BYD) Analyst Ratings
Bulls say
Boyd Gaming Corp has demonstrated a positive trajectory in its financial performance, as indicated by an improvement in the Adjusted EBITDA margin, which increased by 52 basis points year-over-year and 167 basis points quarter-over-quarter in Q2. The company's expansion efforts, including the addition of 53 stores over the past year, are expected to contribute to enhanced margins as these new locations mature, despite a flat revenue year-over-year in that same quarter. Additionally, anticipated easing of supply chain constraints may further bolster Boyd's operational efficiencies, supporting the overall positive outlook for the company.
Bears say
Boyd Gaming's stock outlook appears negative due to persistent pressures in same-store sales (SSS), which have declined by 2.1% in the latest quarter, influenced by tough comparisons and a return to pre-pandemic loss rates. Additionally, the company faces challenges from a tight labor supply in the collision repair industry, which exacerbates operational difficulties, particularly in maintaining gaming and entertainment services. These factors, coupled with increased consumer behavior to defer repairs, highlight underlying vulnerabilities in revenue generation across Boyd Gaming's multi-jurisdictional operations.
This aggregate rating is based on analysts' research of Boyd Gaming and is not a guaranteed prediction by Public.com or investment advice.
Boyd Gaming (BYD) Analyst Forecast & Price Prediction
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