Bank of New York Mellon Corp Cuts Stock Position in Boyd Gaming Corporation $BYD

Bank of New York Mellon Corp lessened its holdings in Boyd Gaming Corporation (NYSE:BYD) by 1.6% in the first quarter, Holdings Channel reports. The firm owned 502,369 shares of the company’s stock after selling 8,391 shares during the period. Bank of New York Mellon Corp’s holdings in Boyd Gaming were worth $41,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BYD. Arrowstreet Capital Limited Partnership raised its stake in shares of Boyd Gaming by 18.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,755,659 shares of the company’s stock worth $149,652,000 after purchasing an additional 277,529 shares during the period. Invesco Ltd. boosted 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 buying an additional 773,394 shares during the last quarter. Franklin Resources Inc. grew its position in Boyd Gaming by 11.1% during the fourth quarter. Franklin Resources Inc. now owns 1,357,412 shares of the company’s stock valued at $115,706,000 after buying an additional 136,129 shares during the period. Geode Capital Management LLC grew its position in Boyd Gaming by 26.7% during the fourth quarter. Geode Capital Management LLC now owns 1,355,209 shares of the company’s stock valued at $115,537,000 after buying an additional 285,719 shares during the period. Finally, Nuveen LLC increased its holdings in Boyd Gaming by 10.6% during the fourth quarter. Nuveen LLC now owns 1,080,331 shares of the company’s stock worth $92,087,000 after buying an additional 103,684 shares during the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Boyd Gaming

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

• Positive Sentiment: Boyd Gaming beat earnings expectations with Q2 EPS of $1.93 versus the consensus estimate, which suggests stronger profitability than analysts anticipated. Boyd Gaming (BYD) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company said results benefited from strong performance in its Midwest & South operations, Online segment, and Managed business, highlighting diversification across key revenue streams. BOYD GAMING REPORTS SECOND-QUARTER 2026 RESULTS
• Neutral Sentiment: Revenue of $1.03 billion was roughly in line with expectations, though slightly below the $1.04 billion forecast, so the top-line result was not a major surprise for investors. Boyd Gaming Corporation: Boyd Gaming Reports Second-quarter 2026 Results
• Neutral Sentiment: Market commentary noted that the stock may still look undervalued after the earnings release, but sentiment has cooled, suggesting investors are weighing solid fundamentals against a more cautious outlook. Boyd Gaming (BYD) Following Fresh Results Looks Undervalued But Sentiment Has Cooled

Wall Street Analysts Forecast Growth

Several brokerages have commented on BYD. Morgan Stanley set a $90.00 price objective on shares of Boyd Gaming in a research report on Wednesday. Mizuho set a $104.00 price target on shares of Boyd Gaming in a research note on Friday. Citigroup raised their price target on shares of Boyd Gaming from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Stifel Nicolaus lifted their price target on shares of Boyd Gaming from $91.00 to $92.00 and gave the stock a “hold” rating in a report on Friday. Finally, Susquehanna upped their price objective on Boyd Gaming from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $94.77.

Insider Buying and Selling at Boyd Gaming

In related news, CEO Keith Smith sold 100,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 996,981 shares in the company, valued at approximately $85,640,667.90. The trade was a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 62,914 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $84.03, for a total value of $5,286,663.42. Following the sale, the chairman directly owned 1,609,808 shares in the company, valued at $135,272,166.24. This trade represents a 3.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 200,000 shares of company stock valued at $17,038,987. 22.82% of the stock is owned by company insiders.

Boyd Gaming Stock Up 0.7%

BYD opened at $87.18 on Friday. The company has a 50 day moving average of $85.83 and a 200 day moving average of $84.86. The company has a market cap of $6.48 billion, a PE ratio of 3.84, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. Boyd Gaming Corporation has a 12 month low of $76.33 and a 12 month high of $91.00. 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 (NYSE:BYD) last issued its earnings results on Thursday, July 23rd. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Boyd Gaming had a net margin of 44.34% and a return on equity of 22.29%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts expect that Boyd Gaming Corporation will post 7.21 EPS for the current year.

Boyd Gaming Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were given a $0.20 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. Boyd Gaming’s payout ratio is 3.52%.

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

Boyd Gaming 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.