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Boyd Gaming (BYD) is a Top-Ranked Value Stock: Should You Buy?

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

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Boyd Gaming (BYD)

Founded in 1975 and headquartered in Las Vegas, Boyd Gaming Corporation is a multi-jurisdictional gaming company. It owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. As of Dec 31, 2021, the company owns and operates 28 properties, offering 1.69 million square feet of casino space, 31,635 slot machines, 686 table games and 10,751 hotel rooms.

BYD is a Zacks Rank #2 (Buy) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 10.3X for the current fiscal year compared to the Gaming industry's P/E of 17.2X. Additionally, BYD has a PEG Ratio of 0.8 and a Price/Cash Flow ratio of 7.7X. Value investors should also note BYD's Price/Sales ratio of 1.8X.

A company's earnings performance is important for value investors as well. For fiscal 2022, five analysts revised their earnings estimate higher in the last 60 days for BYD, while the Zacks Consensus Estimate has increased $0.27 to $5.77 per share. BYD also holds an average earnings surprise of 11.2%.

Investors should take the time to consider BYD for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Boyd Gaming Corporation (BYD) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research