Stifel Nicolaus Has Lowered Expectations for Boyd Gaming (NYSE:BYD) Stock Price

Boyd Gaming (NYSE:BYD) had its price target decreased by equities research analysts at Stifel Nicolaus from $92.00 to $80.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus‘s target price suggests a potential upside of 10.88% from the stock’s previous close.

Several other research firms have also weighed in on BYD. Truist Financial decreased their price target on Boyd Gaming from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. Mizuho dropped their price objective on shares of Boyd Gaming from $104.00 to $102.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Morgan Stanley raised shares of Boyd Gaming from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $89.00 to $83.00 in a research note on Monday. Susquehanna upgraded shares of Boyd Gaming from a “neutral” rating to a “positive” rating and cut their price objective for the company from $87.00 to $83.00 in a research report on Monday. Finally, The Goldman Sachs Group set a $80.00 target price on shares of Boyd Gaming in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.93.

Boyd Gaming Trading Up 2.2%

Shares of NYSE BYD opened at $72.15 on Friday. Boyd Gaming has a 1-year low of $65.00 and a 1-year high of $91.41. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.77 and a quick ratio of 0.74. The business’s 50 day moving average is $74.45 and its two-hundred day moving average is $81.66. The stock has a market capitalization of $5.24 billion, a P/E ratio of 3.18, a PEG ratio of 1.25 and a beta of 1.12.

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

Insider Activity

In other news, CFO Josh Hirsberg sold 12,777 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.76, for a total transaction of $1,146,863.52. Following the transaction, the chief financial officer 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 filing with the SEC, which can be accessed through this link. 22.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On Boyd Gaming

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Boyd Gaming during the 2nd quarter valued at $486,737,000. Bank of America Corp DE purchased a new stake in Boyd Gaming in the second quarter worth $70,043,000. Bamco Inc. NY purchased a new stake in Boyd Gaming in the second quarter worth $41,184,000. Bank of New York Mellon Corp purchased a new stake in Boyd Gaming in the second quarter worth $40,281,000. Finally, Deprince Race & Zollo Inc. purchased a new stake in Boyd Gaming in the first quarter worth $21,810,000. 76.81% of the stock is owned by institutional investors.

Key Stories Impacting Boyd Gaming

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

• Positive Sentiment: Adjusted earnings exceeded expectations. Boyd reported third-quarter EPS of approximately $1.67, in line with some estimates and above the $1.65 Zacks consensus, although below $1.72 a year earlier. Boyd Gaming Surpasses Q3 Earnings Estimates
• Positive Sentiment: Large buyback supported the stock. The company repurchased $164 million of shares during the quarter and had $387 million remaining under its authorization, signaling confidence in intrinsic value and providing a potential boost to per-share results. Boyd Gaming Q3 2026: EPS Beat, Revenue Miss, and a $164M Buyback
• Positive Sentiment: Regional operations and property investments remained resilient. Midwest & South revenue reached $540.5 million, while management highlighted the benefits of its diversified portfolio and investments across the company’s properties. Online revenue contributed $154.5 million. Boyd Gaming Leans on Growth in the Midwest and South
• Neutral Sentiment: Operating performance was broadly stable. Adjusted EBITDAR was $319.6 million, compared with $321.8 million a year earlier. The company ended the quarter with $297.2 million in cash and $2.7 billion in debt, while maintaining its $0.20 quarterly dividend.
• Negative Sentiment: Revenue missed estimates and declined year over year. Third-quarter revenue was $990.5 million, below the roughly $1 billion consensus and down 1.3% from the prior year. Las Vegas destination softness weighed on results, with analysts pointing to weaker tourism trends. Boyd Gaming Misses Q3 Revenue Estimates
• Negative Sentiment: Profit comparisons remain challenging. Net income was affected by comparison with the prior year, which included a substantial after-tax gain from the sale of Boyd’s FanDuel interest. Reported EPS also declined from the year-ago period, and recent insider activity showed selling rather than purchases.

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.