Boyd Gaming Corporation $BYD Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its stake in Boyd Gaming Corporation (NYSE:BYD) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,356,008 shares of the company’s stock after selling 399,651 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Boyd Gaming were worth $111,437,000 as of its most recent SEC filing.

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

Insider Transactions at Boyd Gaming

In other Boyd Gaming news, Chairman Marianne Boyd Johnson sold 62,914 shares of the firm’s 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 sale, the chairman directly owned 1,609,808 shares in the company, valued at approximately $135,272,166.24. This trade represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Keith Smith sold 100,000 shares of the firm’s 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 sale, the chief executive officer owned 996,981 shares of the company’s stock, valued at approximately $85,640,667.90. This represents a 9.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 200,000 shares of company stock worth $17,038,987 in the last three months. 22.82% of the stock is currently owned by company insiders.

Boyd Gaming Trading Up 0.7%

Shares of BYD stock opened at $87.18 on Friday. The stock has a 50-day simple moving average of $85.83 and a 200 day simple moving average of $84.86. Boyd Gaming Corporation has a fifty-two week low of $76.33 and a fifty-two week high of $91.00. The stock has a market capitalization of $6.48 billion, a P/E ratio of 3.84, a P/E/G ratio of 2.06 and a beta of 1.07. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.90.

Boyd Gaming (NYSE:BYD) last released its earnings results on Thursday, July 23rd. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate 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 for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.87 EPS. On average, sell-side analysts expect 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 authorized a share repurchase program on Thursday, April 23rd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Boyd Gaming Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend 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 currently 3.52%.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Boyd Gaming from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. Wells Fargo & Company lifted their price target on Boyd Gaming from $81.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group assumed coverage on Boyd Gaming in a report on Friday, June 26th. They issued a “neutral” rating and a $91.00 price objective for the company. Stifel Nicolaus upped their price objective on Boyd Gaming from $91.00 to $92.00 and gave the company a “hold” rating in a research note on Friday. Finally, Mizuho set a $104.00 target price on Boyd Gaming in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $94.77.

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.