Boyd Gaming (NYSE:BYD) Stock Gets Price Target Reduction from Truist Financial

Boyd Gaming (NYSE:BYD) had its price objective decreased by Truist Financial from $110.00 to $100.00 in a research note published on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages have also recently commented on BYD. The Goldman Sachs Group set a $80.00 price target on shares of Boyd Gaming in a research report on Tuesday, October 13th. Weiss Ratings upgraded shares of Boyd Gaming from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft raised shares of Boyd Gaming from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $98.00 to $99.00 in a research note on Tuesday, October 6th. Morgan Stanley upgraded shares of Boyd Gaming from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $89.00 to $83.00 in a report on Monday. Finally, Citigroup restated a “market perform” rating on shares of Boyd Gaming in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.93.

Boyd Gaming Stock Performance

BYD opened at $72.15 on Tuesday. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 3.18, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.77 and a quick ratio of 0.74. Boyd Gaming has a 1-year low of $65.00 and a 1-year high of $91.41. The business has a 50 day moving average price of $74.45 and a two-hundred day moving average price of $81.66.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $1.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.67. Boyd Gaming had a return on equity of 22.52% and a net margin of 44.34%. The firm had revenue of $990.46 million during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company posted $1.72 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Research analysts predict that Boyd Gaming will post 7.12 EPS for the current fiscal year.

Boyd Gaming Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Tuesday, September 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 15th. Boyd Gaming’s dividend payout ratio is 3.52%.

Insider Activity at Boyd Gaming

In related news, CFO Josh Hirsberg sold 12,777 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.76, for a total value of $1,146,863.52. Following the completion of the transaction, the chief financial officer owned 422,969 shares of the company’s stock, valued at approximately $37,965,697.44. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 22.82% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Boyd Gaming in the 2nd quarter worth about $486,737,000. Quantinno Capital Management LP increased its holdings in shares of Boyd Gaming by 18.2% in the 1st quarter. Quantinno Capital Management LP now owns 925,070 shares of the company’s stock valued at $76,022,000 after purchasing an additional 142,468 shares during the period. Bank of America Corp DE purchased a new stake in shares of Boyd Gaming in the second quarter worth approximately $70,043,000. First Trust Advisors LP lifted its position in shares of Boyd Gaming by 1.1% in the first quarter. First Trust Advisors LP now owns 672,724 shares of the company’s stock worth $55,284,000 after purchasing an additional 7,463 shares in the last quarter. Finally, Bamco Inc. NY purchased a new stake in shares of Boyd Gaming in the second quarter worth approximately $41,184,000. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Key Stories Impacting Boyd Gaming

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

• Positive Sentiment: Boyd reported third-quarter adjusted EPS of $1.67, in line with some estimates and above the $1.65 Zacks consensus, supporting the stock despite a year-over-year decline from $1.72. Boyd Gaming surpasses Q3 earnings estimates
• Positive Sentiment: The company repurchased $164 million of common stock during the quarter and had $387 million remaining under its authorization. The buyback can support per-share results and signals management’s confidence in the valuation. Boyd Gaming Q3 2026 earnings
• Positive Sentiment: Boyd’s Midwest and South operations remained a key growth area, generating $540.5 million in revenue, while online revenue reached $154.5 million. Management highlighted the benefits of geographic diversification and continued property investment. Boyd Gaming regional growth and Las Vegas tourism
• Neutral Sentiment: Third-quarter adjusted EBITDAR was $319.6 million, modestly below $321.8 million a year earlier. Net income was $124.9 million, or $1.71 per diluted share, though the prior-year comparison was distorted by a large gain from the sale of Boyd’s FanDuel interest. Boyd Gaming third-quarter 2026 results
• Negative Sentiment: Revenue of approximately $990.5 million missed the roughly $1 billion analyst estimate and declined 1.3% year over year. Las Vegas tourism weakness, including pressure on the Las Vegas Locals segment, remains a near-term headwind. Boyd Gaming misses Q3 revenue estimates
• Negative Sentiment: Reported insider activity showed several sales and no purchases during the past six months, which may modestly weigh on sentiment, although insider transactions do not necessarily reflect operating expectations.

About Boyd Gaming

Boyd Gaming Corporation is a gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates casinos, hotels, restaurants, entertainment venues and related amenities under brands including Sam’s Town, The Orleans, Gold Coast, Suncoast and Fremont.

Boyd Gaming serves customers across several U.S. states, with a significant presence in Nevada as well as properties in the Midwest and South. Its portfolio includes destination resorts, regional casinos and racetracks offering slot machines, table games, poker, sports betting and other gaming experiences.

The company also operates online gaming and sports-wagering businesses in selected markets, including through partnerships and digital platforms.