Analyzing Boyd Gaming (BYD) & Its Peers

Boyd Gaming (NYSE: BYD) is one of 30 publicly-traded companies in the “Hotels & motels” industry, but how does it weigh in compared to its peers? We will compare Boyd Gaming to similar companies based on the strength of its institutional ownership, risk, valuation, earnings, dividends, analyst recommendations and profitability.

Earnings and Valuation

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This table compares Boyd Gaming and its peers revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Boyd Gaming $2.38 billion $189.19 million 31.01
Boyd Gaming Competitors $3.57 billion $470.05 million 159.72

Boyd Gaming’s peers have higher revenue and earnings than Boyd Gaming. Boyd Gaming is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Dividends

Boyd Gaming pays an annual dividend of $0.20 per share and has a dividend yield of 0.6%. Boyd Gaming pays out 19.4% of its earnings in the form of a dividend. As a group, “Hotels & motels” companies pay a dividend yield of 1.8% and pay out 48.0% of their earnings in the form of a dividend.

Institutional & Insider Ownership

74.8% of Boyd Gaming shares are owned by institutional investors. Comparatively, 70.3% of shares of all “Hotels & motels” companies are owned by institutional investors. 28.9% of Boyd Gaming shares are owned by company insiders. Comparatively, 17.7% of shares of all “Hotels & motels” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Profitability

This table compares Boyd Gaming and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Boyd Gaming 7.94% 11.47% 2.54%
Boyd Gaming Competitors 10.97% 12.75% 4.81%

Analyst Ratings

This is a breakdown of recent ratings for Boyd Gaming and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Boyd Gaming 0 6 10 0 2.63
Boyd Gaming Competitors 306 1437 2177 73 2.51

Boyd Gaming presently has a consensus price target of $35.53, indicating a potential upside of 11.25%. As a group, “Hotels & motels” companies have a potential upside of 5.54%. Given Boyd Gaming’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Boyd Gaming is more favorable than its peers.

Volatility and Risk

Boyd Gaming has a beta of 1.87, indicating that its stock price is 87% more volatile than the S&P 500. Comparatively, Boyd Gaming’s peers have a beta of 1.15, indicating that their average stock price is 15% more volatile than the S&P 500.

Summary

Boyd Gaming peers beat Boyd Gaming on 8 of the 15 factors compared.

About Boyd Gaming

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operated 24 wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana and Mississippi, as of December 31, 2016. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest and South. It owns and operates a travel agency and a captive insurance company that underwrites travel-related insurance, each located in Hawaii. The Company’s Las Vegas Locals segment includes properties, such as Gold Coast Hotel and Casino, The Orleans Hotel and Casino, and Sam’s Town Hotel and Gambling Hall. The Downtown Las Vegas segment includes three properties, such as California Hotel and Casino Fremont Hotel and Casino and Main Street Station Casino, Brewery and Hotel Street Station. Its Midwest and South segment’s properties include Par-A-Dice Hotel Casino, Diamond Jo Dubuque, Diamond Jo Worth, Kansas Star Casino, Amelia Belle Casino and Evangeline Downs.

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