Inceptionr LLC Buys 8,385 Shares of Boyd Gaming Corporation $BYD

Inceptionr LLC grew its stake in shares of Boyd Gaming Corporation (NYSE:BYD) by 141.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,313 shares of the company’s stock after acquiring an additional 8,385 shares during the period. Inceptionr LLC’s holdings in Boyd Gaming were worth $1,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings 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 during the period. AQR Capital Management LLC raised its position in Boyd Gaming by 13.9% during the 1st quarter. AQR Capital Management LLC now owns 9,623 shares of the company’s stock valued at $628,000 after purchasing an additional 1,172 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Boyd Gaming in the 1st quarter worth $207,000. M&T Bank Corp purchased a new stake in shares of Boyd Gaming in the 2nd quarter worth $229,000. Finally, Amundi grew its position in shares of Boyd Gaming by 14,719.0% during the 2nd quarter. Amundi now owns 3,112 shares of the company’s stock worth $253,000 after buying an additional 3,091 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Boyd Gaming News Roundup

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

• Positive Sentiment: Boyd Gaming beat earnings estimates, posting $1.93 EPS versus consensus around $1.89, while also improving from $1.87 EPS a year ago. The company said its diversified model helped drive strong results in its Midwest & South operations, Online segment, and Managed business. Boyd Gaming Reports Second-Quarter 2026 Results
• Positive Sentiment: Market coverage highlighted the earnings beat as the main driver for investor interest, with Zacks noting Boyd exceeded its Q2 profit expectations and that key operating metrics were worth a closer look. Boyd Gaming (BYD) Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Revenue of $1.03 billion was slightly below the $1.04 billion consensus, suggesting the quarter was not a clean across-the-board beat even though profitability was solid. Boyd Gaming earnings report and transcript
• Neutral Sentiment: Analysts were already focused on whether Boyd could outperform on both revenue and EPS ahead of the release, so the stock’s reaction is being shaped by how the results compare with those expectations. Boyd Gaming Reports Earnings Tomorrow: What To Expect

Analyst Ratings Changes

Several brokerages have recently commented on BYD. Mizuho raised their price target on Boyd Gaming from $96.00 to $101.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Stifel Nicolaus dropped their target price on shares of Boyd Gaming from $95.00 to $91.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Barclays cut their target price on shares of Boyd Gaming from $87.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Wells Fargo & Company boosted their price target on shares of Boyd Gaming from $81.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, Texas Capital raised shares of Boyd Gaming to a “strong-buy” rating in a research report on Wednesday, June 3rd. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.38.

Boyd Gaming Trading Down 0.0%

BYD opened at $86.63 on Friday. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 3.80, a PEG ratio of 2.05 and a beta of 1.07. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Boyd Gaming Corporation has a 12 month low of $76.33 and a 12 month high of $91.00. The stock has a fifty day moving average price of $85.66 and a 200-day moving average price of $84.85.

Boyd Gaming (NYSE:BYD) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. Boyd Gaming had a return on equity of 25.63% and a net margin of 44.84%.The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $1.87 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities research analysts anticipate that Boyd Gaming Corporation will post 7.23 earnings per share for the current fiscal year.

Boyd Gaming Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 15th. Boyd Gaming’s dividend payout ratio is presently 3.51%.

Boyd Gaming announced that its board has approved 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 repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, CEO Keith Smith sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $85.90, for a total value of $8,590,000.00. Following the sale, the chief executive officer directly owned 996,981 shares in the company, valued at approximately $85,640,667.90. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Marianne Boyd Johnson sold 62,914 shares of Boyd Gaming stock in a transaction that occurred on 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 transaction, the chairman directly owned 1,609,808 shares in the company, valued at approximately $135,272,166.24. The trade was a 3.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 200,000 shares of company stock valued at $17,038,987. Insiders own 22.82% of the company’s stock.

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.