Why Boyd Gaming’s Insider Moves and Asset Sale Matter Now
Boyd Gaming (BYD) is in the spotlight after its chief administrative officer announced plans to retire, several senior executives reported insider share sales, and the company agreed to sell Sam’s Town Shreveport to Bally’s Corporation.
See our latest analysis for Boyd Gaming.
At a share price of US$80.13, Boyd Gaming has seen short term pressure, with a 1 month share price return of a 3.74% decline. However, the 1 year total shareholder return of 17.19% suggests longer term holders have still been rewarded, even as insider sales, leadership changes and the Shreveport divestiture influence sentiment.
If this mix of insider moves and portfolio reshaping has you thinking about where else capital could go to work, now might be a good time to check out 20 top founder-led companies.
With the stock easing 3.7% over the past month but still showing a 17.2% 1 year total return, along with record 2025 revenue and a higher dividend, you might ask: is Boyd undervalued today, or is the market already pricing in future growth?
Most Popular Narrative: 15.2% Undervalued
At $80.13 against a narrative fair value of $94.47, Boyd Gaming is framed as undervalued, with the story hinging on disciplined growth and capital returns.
Boyd Gaming’s growth in its Online segment, particularly through Boyd Interactive and its stake in FanDuel, is expected to contribute significantly to EBITDAR growth due to the expanding online gaming market.
Have a read of the narrative in full and understand what’s behind the forecasts. Read the complete narrative.
Curious what sits behind that fair value gap? The narrative leans on measured revenue expectations, fatter margins, and a future earnings multiple that still undercuts many hospitality peers.
Result: Fair Value of $94.47 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, this version of the story could be challenged if competitive pressure continues to weigh on properties like The Orleans or if weather disruptions repeatedly unsettle Midwest & South results.
Find out about the key risks to this Boyd Gaming narrative.
Another Angle On Boyd’s Value
The narrative fair value pegs Boyd Gaming at $94.47, about 15% above the current $80.13 share price. Our DCF model tells a different story, with a future cash flow value of $77.38, which frames the stock as slightly expensive on that measure. So which lens do you trust more?
Look into how the SWS DCF model arrives at its fair value.
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Boyd Gaming for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 49 high quality undervalued stocks. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.
Next Steps
After weighing insider moves, valuation models and mixed sentiment, do you feel the story is leaning too optimistic or too cautious? Act while the data is fresh and shape your own view by checking the 2 key rewards and 4 important warning signs.
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If Boyd has you thinking more broadly about where to put fresh capital, do not sit on your hands while other opportunities move ahead without you.
This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we’re here to simplify it.
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