BYD Gaming Buy Signal
Here’s the latest on BYD Gaming—interpreting this as Boyd Gaming Corporation (NYSE: BYD), since “BYD Gaming” refers to their ticker and not BYD Auto:
📰 Key Developments – Early September 2025
📈 Stock & Market Sentiment
- New 52-week high: BYD shares recently peaked at $87.83, amid strong Q2 earnings momentum. Analysts currently average a target price of $86.62 .
- Zacks Rank #2 (Buy) backed by favorable earnings revisions. The company scores A in Value, and its forward P/E (~12.6×) remains well below industry average (~24.5×), presenting a value stock case .
💵 Q2 2025 Results (reported July 24)
- Revenue: ~$1.03 B (+~6.9% YoY); EPS: $1.87 vs est. $1.67
- Margins remain strong (~40%+). Las Vegas Locals had best performance in two years.
- Share repurchases of $105 M this quarter (authorized total ~ $707 M).
- Dividend: $0.18/share, with ex-dividend date of September 15, 2025, payable on October 15, 2025 .
🏦 Ownership & Insider Moves
- Institutional ownership remains high (~76.8%). Recent activity includes:
- Jump Financial LLC acquired
11,600 shares ($764K) in Q1 . - HighTower Advisors LLC reduced stake by ~85%, down to
10,000 shares ($660K) .
- Jump Financial LLC acquired
- Insider selling was significant:
- CFO and several directors sold shares in August, collectively reducing insider holdings (~21.97%) .
🎯 Strategic Moves
- Sale of FanDuel stake: Completed July 2025—Boyd sold its 5% equity in FanDuel Group to Flutter Entertainment for ~$1.76 B in cash.
- Boyd retains operational ties: receives fixed fees for online sportsbook and casino operations through 2026, after which it takes over in some regions .
- 50th Anniversary Achieved: Operating across 28 U.S. properties in 10 states, plus tribal casino operations; continues rebuilding and expanding post-pandemic footprint .
📊 Quick Overview: BYD Gaming News
| Category | Update Summary |
|---|---|
| Financial Performance | Beating expectations with top-tier margins, EPS/growth, and repurchases |
| Valuation | Attractive compared to peers; strong value positioning |
| Shareholder Activity | Institutional buying mixed with insider selling |
| Corporate Strategy | Monetized FanDuel stake, but retains revenue links; focus on U.S. operations |
| Dividend & Returns | $0.18/share dividend, consistent repurchase program underway |
🧭 Investment Takeaways
- Bullish case: Solid earnings beats, strong margins, low relative valuation, plus returns via dividends and buybacks.
- Risk considerations:
- Recent insider selling may raise questions.
- Execution risk in transitioning FanDuel operations and regional casino market competition.
- Street view: Analysts split between Buy/Hold; conservative target ~ $86–$89 .
✅ Final Word
Boyd Gaming (BYD) is making headlines in September through earnings strength, smart financial restructuring (FanDuel divestment), and shareholder-friendly actions. With its $1.03B Q2 revenue, strong margins, a dividend yield of ~0.8%, and a forward P/E of ~12×, it's drawing interest from value and income investors alike. While insider reduction and macro risks bear watching, the trajectory remains positive into late 2025.
No comments: