First Trust Advisors LP Boosts Position in Boyd Gaming Corporation $BYD

First Trust Advisors LP raised its position in Boyd Gaming Corporation (NYSE:BYD) by 1.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 672,724 shares of the company’s stock after purchasing an additional 7,463 shares during the period. First Trust Advisors LP’s holdings in Boyd Gaming were worth $55,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Boyd Gaming by 18.8% in 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 in the last quarter. Invesco Ltd. increased its holdings in Boyd Gaming by 118.2% during 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 in the last quarter. Franklin Resources Inc. raised 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 worth $115,706,000 after acquiring an additional 136,129 shares during the last quarter. Geode Capital Management LLC raised 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 worth $115,537,000 after acquiring an additional 285,719 shares during the last quarter. Finally, Nuveen LLC lifted its holdings in shares of Boyd Gaming by 10.6% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BYD. Benchmark assumed coverage on shares of Boyd Gaming in a research report on Monday, June 22nd. They issued a “buy” rating and a $100.00 price target on the stock. Stifel Nicolaus lifted their price objective on Boyd Gaming from $91.00 to $92.00 and gave the stock a “hold” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on Boyd Gaming from $90.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Mizuho set a $104.00 target price on Boyd Gaming in a report on Friday. Finally, Morgan Stanley set a $90.00 price target on Boyd Gaming in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.77.

Insiders Place Their Bets

In related news, CEO Keith Smith sold 100,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $85,640,667.90. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 transaction, the chairman owned 1,609,808 shares in the company, valued at $135,272,166.24. This trade represents a 3.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 200,000 shares of company stock valued at $17,038,987. Company insiders own 22.82% of the company’s stock.

Boyd Gaming Stock Performance

Shares of BYD opened at $87.18 on Monday. Boyd Gaming Corporation has a 1 year low of $76.33 and a 1 year high of $91.00. The company’s 50 day simple moving average is $85.83 and its 200 day simple moving average is $84.84. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 3.84, a PEG ratio of 2.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.60.

Boyd Gaming (NYSE:BYD) last released its earnings results on Thursday, July 23rd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Boyd Gaming had a net margin of 44.34% and a return on equity of 22.29%. Boyd Gaming’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 EPS. On average, sell-side analysts predict that Boyd Gaming Corporation will post 7.21 EPS for the current year.

Boyd Gaming Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.20 per share. 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 dividend payout ratio (DPR) is 3.52%.

Boyd Gaming declared that its Board of Directors has authorized a stock buyback program on Thursday, April 23rd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Key Stories Impacting 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

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.