Boyd Gaming Corporation (BYD): Today's Featured Leisure Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Boyd Gaming Corporation ( BYD) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Boyd Gaming Corporation fell $0.28 (-2.1%) to $12.90 on average volume. Throughout the day, 4,328,576 shares of Boyd Gaming Corporation exchanged hands as compared to its average daily volume of 2,964,400 shares. The stock ranged in price between $12.67-$13.34 after having opened the day at $13.26 as compared to the previous trading day's close of $13.18. Other companies within the Leisure industry that declined today were: Cosi ( COSI), down 14.7%, Pizza Inn Holdings ( PZZI), down 4.1%, MTR Gaming Group ( MNTG), down 3.6% and Marriott Vacations Worldwide ( VAC), down 2.2%.
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Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States. The company operates in five segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, Peninsula Gaming, and Atlantic City. Boyd Gaming Corporation has a market cap of $1.2 billion and is part of the services sector. Shares are up 98.5% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Boyd Gaming Corporation a buy, 5 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Boyd Gaming Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, poor profit margins and feeble growth in its earnings per share.

On the positive front, Morgans Hotel Group Company ( MHGC), down 13.2%, Flanigan's ( BDL), down 9.5%, Empire Resorts ( NYNY), down 4.6% and SeaWorld Entertainment ( SEAS), down 4.1% , were all gainers within the leisure industry with Marriott International ( MAR) being today's featured leisure industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).

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