
Boyd Gaming (BYD) Stock Forecast & Price Target
Boyd Gaming (BYD) Analyst Ratings
Bulls say
Boyd Gaming has demonstrated a positive trajectory in its financial metrics, highlighted by a year-over-year improvement in Adjusted EBITDA margin, which increased by 52 basis points in Q2. The company's ongoing expansion, with the addition of 53 stores, is expected to enhance sales and margins as these locations mature, contributing positively to overall profitability. Furthermore, anticipated improvements in supply chain issues are likely to ease costs related to parts, bolstering Boyd Gaming's financial outlook going forward.
Bears say
Boyd Gaming Corp is currently experiencing a negative outlook, primarily influenced by a decline in same-store sales (SSS), which showed a decrease of 2.1% in Q2. This trend is attributed to several factors, including challenging comparisons with pre-pandemic loss rates, a shift in consumer behavior as individuals defer repairs to manage insurance premiums, and adverse weather conditions impacting operations. Furthermore, the ongoing labor supply constraints within the collision repair sector continue to exacerbate these challenges, indicating a prolonged period of difficulties for Boyd Gaming's business performance.
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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