BYD — Boyd Gaming Corporation

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates BYD Bullish with a Setup Score of 32, net conviction 31, actionability 34. How the Setup Score works →

Total Setup Score32
Directional BiasBullish
Net Conviction31
Actionability34 (in range)

Key signals behind this score

About Boyd Gaming Corporation

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States and Canada. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. It owns and operates casinos; Boyd Interactive, an online casino gaming business; and a travel agency. The company was formerly known as The Boyd Group and changed its name to Boyd Gaming Corporation in Ap… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$81.11
Market Cap$5.88B
Float47.9M
Shares Outstanding72.7M
P/E (Forward)10.91
P/E (TTM)3.59
Price/Sales (TTM)1.44
vs. Analyst Target+18.3% to analyst PT
Profit Margin44.34%
Operating Margin (TTM)20.89%
Revenue (TTM)$4.10B
Earnings Growth (YoY)-4.90%
Dividend Rate0.8%
Analyst Target Price$95.94 (17 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $2.18B -$135M $1.14B $341M
2021 $3.37B $464M $1.94B $1.07B
2022 $3.56B $639M $1.99B $1.24B
2023 $3.74B $620M $2.02B $1.18B
2024 $3.93B $578M $2.05B $1.21B
2025 $4.09B $1.84B $1.72B $2.79B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $1.00B $1.44B
Dec 2025 $1.06B $140M
Mar 2026 $997M $106M
Jun 2026 $1.03B $131M

Ownership & Float

Insider Ownership32.0%
Institutional Ownership76.8%
Short Float8.6%
% of All Funds Holding4.74%
Number of Funds Holding417

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$85.31Near-term / short-term trend
Weekly40-Week SMA$84.43Medium-term trend
Weekly80-Week SMA$80.87Cyclical trend (business cycle)
Weekly200-Week SMA$70.43Secular trend (multi-year)
Monthly10-Month SMA$84.26Near-term monthly trend
Monthly20-Month SMA$80.94Medium-term monthly trend
Monthly40-Month SMA$72.12Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$65.00 support 1.00x 21 months ago
$56.00 support 1.07x 24 months ago

Historical Earnings Reactions (124 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.53% 0.47% 56.45% 10.57% -13.91%
1 Day 0.25% -0.17% 47.58% 28.54% -15.44%
1 Week -0.55% -1.43% 45.16% 38.95% -31.72%
2 Weeks -0.34% -1.81% 45.16% 43.16% -35.72%
1 Month 0.98% -0.84% 47.15% 45.26% -56.79%

Next earnings: October 22, 2026 (57 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan3.3%60.6%33
Feb2.8%42.4%33
Mar0.5%45.5%33
Apr9.8%66.7%33
May2.5%54.5%33
Jun-1.3%39.4%33
Jul-2.3%42.4%33
Aug-0.3%37.5%32
Sep-0.3%59.4%32
Oct-2.9%43.8%32
Nov3.0%63.6%33
Dec1.6%51.5%33

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.10% 44.9% 1556
Tuesday 0.14% 47.6% 1698
Wednesday 0.02% 47.0% 1696
Thursday 0.08% 47.2% 1663
Friday 0.19% 46.9% 1655

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 76.8%

Insider Transactions — Smart Summary

Total insider ownership: 32.0%

12-Month Insider Activity Summary

Total Filings10
Net Value-$30.4M
Net Shares Change-387,012
% of Float-0.8%
C-Suite Filings7
Clusters Detected1

Key Insiders

NameTitleNet ValueFilingsActivity
JOHNSON MARIANNE BOYD Chairman -$17.1M 2 2 sell
SMITH KEITH President and CEO -$8.6M 1 1 sell
BOYD WILLIAM R -$4.2M 2 2 sell
Hirsberg Josh CFO & Treasurer -$2.8M 2 2 sell
Thompson Stephen S. Chief Administrative Officer -$1.6M 1 1 sell
Clinton Uri Chief Legal Off. & Secretary -$304,108.92 1 1 sell
SPADAFOR CHRISTINE J. -$100,085.67 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2026-02-19 – 2026-03-02 3 3 -$5.8M 2 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-07-28 Hirsberg Josh CFO & Treasurer -$1.1M Transaction at $89.76, now -9.6%
2026-06-04 SMITH KEITH President and CEO -$8.6M Transaction at $85.90, now -5.6%
2026-06-09 Clinton Uri Chief Legal Off. & Secretary -$304,108.92 Transaction at $87.69, now -7.5%
2026-03-02 Thompson Stephen S. Chief Administrative Officer -$1.6M Transaction at $83.59, now -3.0%
2026-05-14 SPADAFOR CHRISTINE J. -$100,085.67 Transaction at $80.91, now +0.2%
2026-05-05 JOHNSON MARIANNE BOYD Chairman -$8.4M Transaction at $84.49, now -4.0%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Boyd Gaming Corporation (BYD) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for BYD on Trend Edge →