5 Best Gambling Stocks To Buy Now

4. Boyd Gaming Corporation (NYSE:BYD)

Number of Hedge Fund Holders: 39

Gaming and hospitality company Boyd Gaming Corporation (NYSE:BYD) ranks 4th in our list of the best gambling stocks to buy according to hedge funds. In February, Boyd Gaming Corporation (NYSE:BYD) shares jumped after the company posted a strong Q4 report. CBRE Equity Research upgraded the stock to Buy from Hold following the upbeat report. The firm’s analyst John DeCree said Boyd Gaming Corporation (NYSE:BYD) is able to offset the impact of an economic slowdown on the back of an accelerating recovery of visitation and group business in Las Vegas.

Insider Monkey’s database of 943 hedge funds and their holdings shows that 39 hedge funds had stakes in Boyd Gaming Corporation (NYSE:BYD) as of the end of the fourth quarter of 2022.