Boyd Gaming (NYSE:BYD) Price Target Lowered to $91.00 at Stifel Nicolaus

Boyd Gaming (NYSE:BYD) had its price target cut by research analysts at Stifel Nicolaus from $95.00 to $91.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 10.71% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Citigroup increased their target price on shares of Boyd Gaming from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Barclays set a $86.00 price target on Boyd Gaming in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Boyd Gaming in a research report on Monday, December 29th. Morgan Stanley reissued a “mixed” rating on shares of Boyd Gaming in a report on Wednesday, April 8th. Finally, Truist Financial set a $110.00 target price on Boyd Gaming in a research note on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.33.

Boyd Gaming Price Performance

Shares of BYD opened at $82.20 on Friday. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 3.92, a P/E/G ratio of 1.80 and a beta of 1.19. Boyd Gaming has a fifty-two week low of $65.29 and a fifty-two week high of $89.96. The business’s 50-day moving average is $83.79 and its 200-day moving average is $83.49. 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 (NYSE:BYD) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.16). The company had revenue of $997.36 million during the quarter, compared to the consensus estimate of $1.04 billion. Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. Boyd Gaming’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. Equities research analysts expect that Boyd Gaming will post 7.56 EPS for the current fiscal year.

Boyd Gaming announced that its Board of Directors has initiated a share repurchase program on Thursday, April 23rd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Boyd Gaming

In other Boyd Gaming news, Director William R. Boyd sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $84.84, for a total value of $2,545,200.00. Following the transaction, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen S. Thompson sold 19,530 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $83.59, for a total transaction of $1,632,512.70. Following the sale, the insider directly owned 22,009 shares in the company, valued at $1,839,732.31. This represents a 47.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 73,454 shares of company stock valued at $6,231,827 in the last ninety days. Insiders own 22.82% of the company’s stock.

Hedge Funds Weigh In On Boyd Gaming

Institutional investors have recently bought and sold shares of the business. Foster & Motley Inc. grew its holdings in shares of Boyd Gaming by 19.5% during the first quarter. Foster & Motley Inc. now owns 98,730 shares of the company’s stock worth $8,114,000 after purchasing an additional 16,119 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Boyd Gaming during the 1st quarter worth about $1,381,000. Blue Trust Inc. grew its holdings in Boyd Gaming by 23.0% during the 1st quarter. Blue Trust Inc. now owns 653 shares of the company’s stock worth $54,000 after acquiring an additional 122 shares during the last quarter. SG Americas Securities LLC increased its position in Boyd Gaming by 426.0% in the 1st quarter. SG Americas Securities LLC now owns 78,616 shares of the company’s stock valued at $6,461,000 after acquiring an additional 63,669 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Boyd Gaming by 32.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 108,984 shares of the company’s stock valued at $8,956,000 after acquiring an additional 26,737 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming News Roundup

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

• Positive Sentiment: Board authorized a $500 million share buyback (up to ~7.7% of shares), a signal management believes the stock is undervalued and a direct boost to EPS/float. Benzinga Article
• Neutral Sentiment: Results showed revenue roughly in line with last year (revenue ~ $997M) and some cash/liquidity metrics that remain healthy, but they did not exceed expectations enough to offset the miss. Press Release
• Neutral Sentiment: Company reiterated online EBITDAR guidance ($30M–$35M) and disclosed a $650M–$700M 2026 capex plan — important for medium-term growth but a mixed near-term signal because higher capex can pressure free cash flow. Seeking Alpha Article
• Negative Sentiment: Q1 EPS missed consensus — reported $1.60 vs. ~$1.76 expected — and revenue missed estimates (~$997.4M vs. ~$1.04B), the primary catalyst for the selloff. Zacks Article
• Negative Sentiment: Management highlighted softer results in Las Vegas locals — a core segment — which raises near-term demand concerns for one of Boyd’s key markets. MSN Article
• Negative Sentiment: Recent insider sales and mixed institutional flows / varied analyst targets add uncertainty to near-term sentiment (some large holders trimmed positions in recent quarters). Quiver Quant Article

About Boyd Gaming

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.