Boyd Gaming (NYSE:BYD) Price Target Lowered to $96.00 at Mizuho

Boyd Gaming (NYSE:BYD) had its price objective decreased by analysts at Mizuho from $99.00 to $96.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 14.83% from the stock’s current price.

BYD has been the subject of several other reports. Morgan Stanley reiterated a “mixed” rating on shares of Boyd Gaming in a report on Wednesday, April 8th. Susquehanna reduced their price target on shares of Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Truist Financial set a $110.00 price target on shares of Boyd Gaming in a research report on Tuesday, January 13th. Citigroup lifted their price objective on shares of Boyd Gaming from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Stifel Nicolaus cut their target price on shares of Boyd Gaming from $95.00 to $91.00 and set a “hold” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $92.08.

Boyd Gaming Trading Down 6.2%

Shares of Boyd Gaming stock traded down $5.55 on Friday, reaching $83.60. 1,700,706 shares of the company were exchanged, compared to its average volume of 909,863. Boyd Gaming has a fifty-two week low of $67.67 and a fifty-two week high of $89.96. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 3.67, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $83.79 and a 200-day moving average price of $83.49.

Boyd Gaming (NYSE:BYD) last released 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 analyst estimates of $1.04 billion. Boyd Gaming had a net margin of 45.05% and a return on equity of 30.14%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 EPS. On average, analysts expect that Boyd Gaming will post 7.56 EPS for the current year.

Boyd Gaming declared that its Board of Directors has approved a share buyback plan on Thursday, April 23rd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 7.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, Director William R. Boyd sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $84.84, for a total value of $2,545,200.00. Following the completion of the sale, the director directly owned 1,930,447 shares in the company, valued at approximately $163,779,123.48. The trade was a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen S. Thompson sold 19,530 shares of the stock in a transaction that occurred 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 owned 22,009 shares in the company, valued at approximately $1,839,732.31. This trade represents a 47.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 73,454 shares of company stock worth $6,231,827. 22.82% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BYD. Arrowstreet Capital Limited Partnership grew its holdings in Boyd Gaming by 18.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,755,659 shares of the company’s stock valued at $149,652,000 after buying an additional 277,529 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Boyd Gaming by 118.2% in the 4th quarter. Invesco Ltd. now owns 1,427,828 shares of the company’s stock worth $121,708,000 after purchasing an additional 773,394 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Boyd Gaming by 11.1% during the 4th quarter. Franklin Resources Inc. now owns 1,357,412 shares of the company’s stock worth $115,706,000 after purchasing an additional 136,129 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Boyd Gaming by 26.7% during the 4th quarter. Geode Capital Management LLC now owns 1,355,209 shares of the company’s stock worth $115,537,000 after purchasing an additional 285,719 shares in the last quarter. Finally, Nuveen LLC lifted its holdings in Boyd Gaming by 10.6% during the 4th quarter. Nuveen LLC now owns 1,080,331 shares of the company’s stock valued at $92,087,000 after purchasing an additional 103,684 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Boyd Gaming News Summary

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

• Positive Sentiment: Board authorizes $500 million share repurchase (up to ~7.7% of shares outstanding), signaling management believes shares are undervalued and supporting future EPS. RTT News
• Positive Sentiment: Company highlights diversified operations and operating-efficiency focus in the earnings release, which management says helped results despite pressures in some local markets. Press Release
• Neutral Sentiment: Boyd outlined a sizeable 2026 capital-expenditure plan ($650M–$700M) while reiterating online EBITDAR guidance of $30M–$35M — indicates continued investment in growth/maintenance but also higher near-term cash needs. Seeking Alpha
• Negative Sentiment: Q1 results missed Wall Street: EPS $1.60 vs. consensus ~$1.76 and revenue $997.4M vs. ~$1.04B — weaker-than-expected Las Vegas locals and other mix issues drove the shortfall and pressured the stock. Benzinga
• Negative Sentiment: Immediate market reaction was negative — shares moved lower in pre-market and intraday trading following the miss and guidance/cost commentary. (This drop reflects investor concern over near-term momentum despite the buyback.) Benzinga market coverage
• Negative Sentiment: Stifel lowered its price target from $95 to $91 and placed a “hold” — a more cautious tone from an analyst adds pressure on sentiment and limits near-term upside expectations. The Fly

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.