Gamco Investors INC. ET AL Sells 71,350 Shares of Boyd Gaming Corporation $BYD

Gamco Investors INC. ET AL cut its position in shares of Boyd Gaming Corporation (NYSE:BYD) by 28.1% in the first quarter, Holdings Channel.com reports. The firm owned 182,550 shares of the company’s stock after selling 71,350 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Boyd Gaming were worth $15,002,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Boyd Gaming by 23.0% in the 1st quarter. Blue Trust Inc. now owns 653 shares of the company’s stock worth $54,000 after purchasing an additional 122 shares during the period. Assetmark Inc. lifted its stake in Boyd Gaming by 9.1% in the first quarter. Assetmark Inc. now owns 1,553 shares of the company’s stock worth $128,000 after purchasing an additional 129 shares during the last quarter. Optas LLC lifted its stake in Boyd Gaming by 4.1% in the first quarter. Optas LLC now owns 3,486 shares of the company’s stock worth $286,000 after purchasing an additional 138 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Boyd Gaming by 24.5% during the fourth quarter. TD Private Client Wealth LLC now owns 854 shares of the company’s stock valued at $73,000 after buying an additional 168 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Boyd Gaming by 56.8% during the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after buying an additional 196 shares during the period. 76.81% of the stock is currently owned by institutional investors.

Boyd Gaming Price Performance

Boyd Gaming stock opened at $87.18 on Friday. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 3.84, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.60 and a quick ratio of 0.58. Boyd Gaming Corporation has a 1 year low of $76.33 and a 1 year high of $91.00. The firm has a 50-day moving average of $85.83 and a two-hundred day moving average of $84.86.

Boyd Gaming (NYSE:BYD) last issued 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 company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 EPS. On average, research analysts forecast that Boyd Gaming Corporation will post 7.21 earnings per share for the current year.

Boyd Gaming Announces Dividend

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

Boyd Gaming announced that its board has authorized a stock repurchase plan on Thursday, April 23rd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Key Boyd Gaming News

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

Analyst Upgrades and Downgrades

BYD has been the topic of a number of analyst reports. Citigroup upped their target price on Boyd Gaming from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Barclays raised their price target on Boyd Gaming from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Friday. Stifel Nicolaus boosted their price objective on Boyd Gaming from $91.00 to $92.00 and gave the company a “hold” rating in a report on Friday. Weiss Ratings raised Boyd Gaming from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Finally, Susquehanna increased their target price on Boyd Gaming from $84.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday. One equities research 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 MarketBeat, Boyd Gaming presently has a consensus rating of “Hold” and a consensus target price of $94.77.

Insider Activity at Boyd Gaming

In related news, CEO Keith Smith sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $85.90, for a total value of $8,590,000.00. Following the transaction, the chief executive officer owned 996,981 shares of the company’s stock, valued at $85,640,667.90. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Marianne Boyd Johnson sold 62,914 shares of the firm’s stock in a transaction on 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. The trade was 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 three months, insiders sold 200,000 shares of company stock worth $17,038,987. 22.82% of the stock is owned by insiders.

Boyd Gaming Company 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.