Wells Fargo has initiated coverage on Boyd Gaming Corp (BYD) with an Equal-Weight rating as of November 17, 2025. This marks the firm's initial assessment of the company's investment potential based on its research and analysis of the business and industry dynamics.
Boyd Gaming operates over 28 gaming entertainment properties across 10 states, including a tribal casino in northern California. The company, headquartered in Las Vegas, Nevada, employs 16,129 full-time workers. Its segments include Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online, providing a diverse portfolio in the hotels, restaurants, and leisure industry.
Currently, Boyd Gaming has a market cap of $6.1 billion, a P/E ratio of 3.25, and an EPS of 22.87. The company's dividend yield stands at 92.9%. Upcoming earnings are scheduled for July 21, 2026, with estimated EPS of $2.00 and revenue of $1.0 billion. Recent performance has shown positive surprises in earnings, including a Q3 2025 EPS of $1.72, exceeding expectations by 4.3%.
Analyst ratings can provide valuable insights, but they should be considered alongside other factors such as company fundamentals and market conditions. As of November 1, 2025, the analyst consensus for Boyd Gaming includes 4 Strong Buy, 6 Buy, 9 Hold, with no Sell or Strong Sell ratings, indicating a general positive outlook among analysts.