Orvieto Partners L.P. Decreases Stock Holdings in Boyd Gaming Corporation $BYD

Orvieto Partners L.P. cut its stake in Boyd Gaming Corporation (NYSE:BYD) by 75.0% in the first quarter, Holdings Channel.com reports. The firm owned 10,000 shares of the company’s stock after selling 30,000 shares during the quarter. Orvieto Partners L.P.’s holdings in Boyd Gaming were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BYD. Altshuler Shaham Ltd purchased a new position in Boyd Gaming during the fourth quarter worth approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in Boyd Gaming in the 4th quarter valued at $25,000. Advisors Asset Management Inc. increased its stake in shares of Boyd Gaming by 56.8% in the 1st quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock worth $36,000 after acquiring an additional 196 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Boyd Gaming in the 4th quarter worth $41,000. Finally, Bessemer Group Inc. increased its stake in shares of Boyd Gaming by 62.8% in the 1st quarter. Bessemer Group Inc. now owns 526 shares of the company’s stock worth $43,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Insider Transactions at Boyd Gaming

In other news, Chairman Marianne Boyd Johnson sold 62,914 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $84.03, for a total value of $5,286,663.42. Following the transaction, the chairman directly owned 1,609,808 shares in the company, valued at approximately $135,272,166.24. This represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Keith Smith sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $85.90, for a total transaction of $8,590,000.00. Following the transaction, the chief executive officer directly owned 996,981 shares of the company’s stock, valued at $85,640,667.90. The trade was a 9.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 200,000 shares of company stock valued at $17,038,987. Company insiders own 22.82% of the company’s stock.

More Boyd Gaming News

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

• Positive Sentiment: Boyd Gaming beat earnings estimates, posting $1.93 EPS versus consensus around $1.89, while also improving from $1.87 EPS a year ago. The company said its diversified model helped drive strong results in its Midwest & South operations, Online segment, and Managed business. Boyd Gaming Reports Second-Quarter 2026 Results
• Positive Sentiment: Market coverage highlighted the earnings beat as the main driver for investor interest, with Zacks noting Boyd exceeded its Q2 profit expectations and that key operating metrics were worth a closer look. Boyd Gaming (BYD) Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Revenue of $1.03 billion was slightly below the $1.04 billion consensus, suggesting the quarter was not a clean across-the-board beat even though profitability was solid. Boyd Gaming earnings report and transcript
• Neutral Sentiment: Analysts were already focused on whether Boyd could outperform on both revenue and EPS ahead of the release, so the stock’s reaction is being shaped by how the results compare with those expectations. Boyd Gaming Reports Earnings Tomorrow: What To Expect

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Benchmark initiated coverage on shares of Boyd Gaming in a research report on Monday, June 22nd. They set a “buy” rating and a $100.00 price target on the stock. Texas Capital upgraded shares of Boyd Gaming to a “strong-buy” rating in a research report on Wednesday, June 3rd. Mizuho lifted their target price on shares of Boyd Gaming from $96.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Barclays decreased their target price on shares of Boyd Gaming from $87.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Finally, Susquehanna cut their price target on shares of Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $94.38.

Boyd Gaming Stock Performance

NYSE BYD opened at $86.63 on Friday. The stock has a market cap of $6.44 billion, a PE ratio of 3.80, a P/E/G ratio of 2.05 and a beta of 1.07. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Boyd Gaming Corporation has a twelve month low of $76.33 and a twelve month high of $91.00. The stock has a fifty day simple moving average of $85.66 and a 200-day simple moving average of $84.85.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Boyd Gaming had a net margin of 44.84% and a return on equity of 25.63%. Boyd Gaming’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.87 EPS. Equities analysts anticipate that Boyd Gaming Corporation will post 7.23 earnings per share for the current year.

Boyd Gaming declared that its board has approved a stock repurchase program on Thursday, April 23rd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.9%. Boyd Gaming’s dividend payout ratio (DPR) is currently 3.51%.

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.