Boyd Gaming Corporation (NYSE:BYD) Receives $92.75 Average PT from Analysts

Boyd Gaming Corporation (NYSE:BYD) has been given an average rating of “Hold” by the fourteen analysts that are presently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $92.75.

Several equities research analysts have recently issued reports on BYD shares. Stifel Nicolaus lifted their price target on Boyd Gaming from $90.00 to $95.00 and gave the company a “hold” rating in a report on Friday, February 6th. Morgan Stanley restated a “mixed” rating on shares of Boyd Gaming in a report on Wednesday, April 8th. Citigroup raised their target price on Boyd Gaming from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Wells Fargo & Company cut their target price on Boyd Gaming from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Finally, Truist Financial set a $110.00 target price on Boyd Gaming in a report on Tuesday, January 13th.

Insider Activity at Boyd Gaming

In related news, insider Stephen S. Thompson sold 19,530 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $83.59, for a total value of $1,632,512.70. Following the transaction, the insider directly owned 22,009 shares in the company, valued at approximately $1,839,732.31. This trade represents a 47.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William R. Boyd sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $84.84, for a total transaction of $2,545,200.00. Following the completion of the transaction, the director owned 1,930,447 shares in the company, valued at $163,779,123.48. The trade was a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 73,454 shares of company stock worth $6,231,827. 22.82% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BYD. Invesco Ltd. grew its stake in Boyd Gaming by 118.2% in the 4th quarter. Invesco Ltd. now owns 1,427,828 shares of the company’s stock valued at $121,708,000 after buying an additional 773,394 shares during the last quarter. Norges Bank bought a new stake in shares of Boyd Gaming in the fourth quarter valued at approximately $58,763,000. Clark Capital Management Group Inc. bought a new stake in shares of Boyd Gaming in the third quarter valued at approximately $50,295,000. UBS Group AG boosted its position in shares of Boyd Gaming by 196.9% in the fourth quarter. UBS Group AG now owns 611,207 shares of the company’s stock valued at $52,099,000 after acquiring an additional 405,340 shares during the period. Finally, Arbejdsmarkedets Tillaegspension bought a new stake in shares of Boyd Gaming in the fourth quarter valued at approximately $24,675,000. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Boyd Gaming

Here are the key news stories impacting Boyd Gaming this week:

• Positive Sentiment: Strong profitability and cash metrics: Boyd reported healthy margins and returns (reported net margin ~45% and ROE ~30%), operating cash flow improved year-over-year and cash balances grew — indicators of solid core cash generation that can support dividends, debt reduction or reinvestment. BOYD GAMING REPORTS FIRST-QUARTER 2026 RESULTS
• Positive Sentiment: Reiterated online EBITDA(R) guidance: Management reiterated 2026 online EBITDAR guidance of $30M–$35M, which provides clarity on a high-growth segment and soaks up some investor uncertainty around the digital business outlook. Boyd outlines 2026 capex and online EBITDAR guidance
• Neutral Sentiment: Large 2026 capex plan ($650M–$700M): Management unveiled a substantial investment program for 2026 — supports growth and property refreshes but will increase near-term cash needs and could weigh on free cash flow depending on timing. Capex plan article
• Neutral Sentiment: Mixed analyst views and price targets: Recent analyst targets vary materially (median around $90), reflecting diverging views on long‑term growth vs. near-term execution — provides both upside scenarios and downside risk depending on execution. Analyst targets and Quiver summary
• Negative Sentiment: Earnings and revenue missed expectations: Boyd reported Q1 EPS and revenue below consensus (reported EPS of $1.60 vs. consensus ~ $1.97; revenue ~ $997M vs. ~$1.04B), which triggered an initial negative market reaction after the print. MarketBeat earnings release
• Negative Sentiment: Insider and institutional selling pressure: Recent filings show meaningful insider sales and several large institutional reductions in Q4 2025, which may concern investors about near-term demand from big holders. Quiver insider & institutional activity
• Negative Sentiment: Market reaction to misses caused volatility: Several outlets report the stock fell after the earnings print due to the misses on revenue and EPS; elevated trading volume suggests investors are re‑pricing near-term expectations. Yahoo Markets earnings recap

Boyd Gaming Stock Up 3.4%

Shares of Boyd Gaming stock opened at $89.10 on Tuesday. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 3.92, a P/E/G ratio of 1.80 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.54 and a quick ratio of 0.52. Boyd Gaming has a 52-week low of $65.29 and a 52-week high of $89.96. The stock has a 50-day simple moving average of $83.79 and a 200-day simple moving average of $83.49.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.16). The firm had revenue of $997.36 million for the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 earnings per share. On average, equities research analysts expect that Boyd Gaming will post 7.56 earnings per share for the current fiscal year.

Boyd Gaming declared that its board has initiated a share repurchase plan on Thursday, April 23rd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Boyd Gaming Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.9%. This is an increase from Boyd Gaming’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, March 16th. Boyd Gaming’s dividend payout ratio is 3.52%.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.