Caxton Associates LLP Has $821,000 Holdings in Boyd Gaming Corporation $BYD

Caxton Associates LLP lessened its stake in Boyd Gaming Corporation (NYSE:BYD) by 72.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,991 shares of the company’s stock after selling 25,858 shares during the quarter. Caxton Associates LLP’s holdings in Boyd Gaming were worth $821,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BYD. Arrowstreet Capital Limited Partnership grew its position 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 buying an additional 277,529 shares during the period. Invesco Ltd. raised its position 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 valued at $121,708,000 after acquiring an additional 773,394 shares during the period. Franklin Resources Inc. raised its position in shares of Boyd Gaming by 11.1% in the 4th quarter. Franklin Resources Inc. now owns 1,357,412 shares of the company’s stock valued at $115,706,000 after acquiring an additional 136,129 shares during the period. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 285,719 shares during the last quarter. Finally, Nuveen LLC boosted its stake in Boyd Gaming by 10.6% during the 4th quarter. Nuveen LLC now owns 1,080,331 shares of the company’s stock worth $92,087,000 after acquiring an additional 103,684 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

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

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, 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 transaction of $5,286,663.42. Following the completion of the transaction, the chairman 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keith Smith sold 100,000 shares of Boyd Gaming stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.90, for a total value of $8,590,000.00. Following the completion of the sale, the chief executive officer directly owned 996,981 shares in the company, valued at $85,640,667.90. This represents a 9.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 200,000 shares of company stock worth $17,038,987 over the last ninety days. 22.82% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Boyd Gaming from $81.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Morgan Stanley set a $90.00 price target on shares of Boyd Gaming in a research report on Wednesday. Barclays boosted their price target on shares of Boyd Gaming from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday. Weiss Ratings upgraded shares of Boyd Gaming from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Finally, Mizuho set a $104.00 price objective on Boyd Gaming in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $94.77.

Boyd Gaming Price Performance

NYSE BYD opened at $87.18 on Monday. The business has a 50 day simple moving average of $85.83 and a 200 day simple moving average of $84.84. Boyd Gaming Corporation has a 52-week low of $76.33 and a 52-week high of $91.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.60. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 3.84, a PEG ratio of 2.06 and a beta of 1.07.

Boyd Gaming (NYSE:BYD) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 44.34% and a return on equity of 22.29%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share. Analysts anticipate that Boyd Gaming Corporation will post 7.21 earnings per share for the current fiscal year.

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

Boyd Gaming Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, June 15th. Boyd Gaming’s dividend payout ratio (DPR) is presently 3.52%.

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.