Boyd Gaming (NYSE:BYD) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Boyd Gaming (NYSE:BYD) had its price objective reduced by JPMorgan Chase & Co. from $93.00 to $85.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also commented on the stock. Wolfe Research began coverage on shares of Boyd Gaming in a research note on Wednesday, September 2nd. They set a “peer perform” rating on the stock. Benchmark began coverage on shares of Boyd Gaming in a research note on Monday, June 22nd. They issued a “buy” rating and a $100.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Boyd Gaming from $91.00 to $92.00 and gave the company a “hold” rating in a research note on Friday, July 24th. The Goldman Sachs Group set a $80.00 price objective on shares of Boyd Gaming in a report on Tuesday, October 13th. Finally, Weiss Ratings raised shares of Boyd Gaming from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.93.

Boyd Gaming Trading Up 2.2%

Shares of NYSE BYD opened at $72.15 on Tuesday. The business has a 50 day simple moving average of $74.45 and a 200 day simple moving average of $81.66. Boyd Gaming has a 52 week low of $65.00 and a 52 week high of $91.41. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 3.18, a PEG ratio of 1.25 and a beta of 1.12. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.74 and a current ratio of 0.77.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $1.67 earnings per share for the quarter, meeting the consensus estimate of $1.67. The firm had revenue of $990.46 million for the quarter, compared to analyst estimates of $1 billion. Boyd Gaming had a net margin of 44.34% and a return on equity of 22.52%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 earnings per share. On average, research analysts predict that Boyd Gaming will post 7.12 earnings per share for the current fiscal year.

Boyd Gaming Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Boyd Gaming’s payout ratio is currently 3.52%.

Insider Activity at Boyd Gaming

In other news, CFO Josh Hirsberg sold 12,777 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.76, for a total value of $1,146,863.52. Following the completion of the sale, the chief financial officer directly owned 422,969 shares of the company’s stock, valued at approximately $37,965,697.44. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.82% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Boyd Gaming

A number of institutional investors and hedge funds have recently bought and sold shares of BYD. Pinnacle Associates Ltd. raised its holdings in Boyd Gaming by 6.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 289,872 shares of the company’s stock valued at $19,297,000 after acquiring an additional 17,457 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Boyd Gaming by 4.0% in the third quarter. Nisa Investment Advisors LLC now owns 19,322 shares of the company’s stock valued at $1,290,000 after purchasing an additional 747 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Boyd Gaming by 69.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,869 shares of the company’s stock valued at $124,000 after buying an additional 767 shares in the last quarter. Vista Investment Partners LLC lifted its stake in Boyd Gaming by 2.3% during the third quarter. Vista Investment Partners LLC now owns 18,681 shares of the company’s stock worth $1,244,000 after purchasing an additional 418 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Boyd Gaming by 13.9% during the 2nd quarter. QRG Capital Management Inc. now owns 54,337 shares of the company’s stock worth $4,800,000 after buying an additional 6,618 shares during the period. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming News Summary

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

• Positive Sentiment: Boyd reported third-quarter adjusted EPS of $1.67, in line with some estimates and above the $1.65 Zacks consensus, supporting the stock despite a year-over-year decline from $1.72. Boyd Gaming surpasses Q3 earnings estimates
• Positive Sentiment: The company repurchased $164 million of common stock during the quarter and had $387 million remaining under its authorization. The buyback can support per-share results and signals management’s confidence in the valuation. Boyd Gaming Q3 2026 earnings
• Positive Sentiment: Boyd’s Midwest and South operations remained a key growth area, generating $540.5 million in revenue, while online revenue reached $154.5 million. Management highlighted the benefits of geographic diversification and continued property investment. Boyd Gaming regional growth and Las Vegas tourism
• Neutral Sentiment: Third-quarter adjusted EBITDAR was $319.6 million, modestly below $321.8 million a year earlier. Net income was $124.9 million, or $1.71 per diluted share, though the prior-year comparison was distorted by a large gain from the sale of Boyd’s FanDuel interest. Boyd Gaming third-quarter 2026 results
• Negative Sentiment: Revenue of approximately $990.5 million missed the roughly $1 billion analyst estimate and declined 1.3% year over year. Las Vegas tourism weakness, including pressure on the Las Vegas Locals segment, remains a near-term headwind. Boyd Gaming misses Q3 revenue estimates
• Negative Sentiment: Reported insider activity showed several sales and no purchases during the past six months, which may modestly weigh on sentiment, although insider transactions do not necessarily reflect operating expectations.

About Boyd Gaming

Boyd Gaming Corporation is a gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates casinos, hotels, restaurants, entertainment venues and related amenities under brands including Sam’s Town, The Orleans, Gold Coast, Suncoast and Fremont.

Boyd Gaming serves customers across several U.S. states, with a significant presence in Nevada as well as properties in the Midwest and South. Its portfolio includes destination resorts, regional casinos and racetracks offering slot machines, table games, poker, sports betting and other gaming experiences.

The company also operates online gaming and sports-wagering businesses in selected markets, including through partnerships and digital platforms.