Gabelli Funds LLC Sells 15,000 Shares of Boyd Gaming Corporation $BYD

Posted by Brenda Bartman on May 21st, 2026

Gabelli Funds LLC lessened its stake in shares of Boyd Gaming Corporation (NYSE:BYD – Free Report) by 14.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 88,520 shares of the company’s stock after selling 15,000 shares during the period. Gabelli Funds LLC’s holdings in Boyd Gaming were worth $7,545,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of Boyd Gaming by 56.8% in the first quarter. Advisors Asset Management Inc. now owns 541 shares of the company’s stock valued at $36,000 after acquiring an additional 196 shares in the last quarter. First Horizon Corp purchased a new position in shares of Boyd Gaming in the fourth quarter valued at about $41,000. Geneos Wealth Management Inc. lifted its position in shares of Boyd Gaming by 139.9% in the second quarter. Geneos Wealth Management Inc. now owns 619 shares of the company’s stock valued at $48,000 after acquiring an additional 361 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Boyd Gaming in the third quarter valued at about $53,000. Finally, Assetmark Inc. lifted its position in shares of Boyd Gaming by 3,203.6% in the third quarter. Assetmark Inc. now owns 925 shares of the company’s stock valued at $80,000 after acquiring an additional 897 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Boyd Gaming from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Susquehanna lowered their price objective on Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Stifel Nicolaus lowered their price objective on Boyd Gaming from $95.00 to $91.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Barclays lowered their price objective on 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. Finally, Weiss Ratings downgraded Boyd Gaming from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.08.

View Our Latest Research Report on BYD

Insider Buying and Selling at Boyd Gaming

In other Boyd Gaming news, insider Stephen S. Thompson sold 19,530 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $83.59, for a total transaction of $1,632,512.70. Following the sale, the insider owned 22,009 shares of the company’s stock, valued at approximately $1,839,732.31. This trade represents a 47.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Josh Hirsberg sold 23,924 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $85.86, for a total value of $2,054,114.64. Following the completion of the sale, the chief financial officer directly owned 435,746 shares of the company’s stock, valued at $37,413,151.56. The trade was a 5.20% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 143,454 shares of company stock valued at $12,135,614. 22.82% of the stock is currently owned by corporate insiders.

Boyd Gaming Trading Up 1.3%

Shares of NYSE BYD opened at $79.13 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.60. The business’s 50 day moving average price is $83.69 and its 200-day moving average price is $83.64. Boyd Gaming Corporation has a fifty-two week low of $72.01 and a fifty-two week high of $89.96. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 3.47, a PEG ratio of 1.82 and a beta of 1.11.

Boyd Gaming (NYSE:BYD – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.16). Boyd Gaming had a return on equity of 25.63% and a net margin of 44.84%.The firm had revenue of $997.36 million during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $1.62 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts expect that Boyd Gaming Corporation will post 7.32 earnings per share for the current year.

Boyd Gaming Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 15th. Boyd Gaming’s dividend payout ratio (DPR) is 3.51%.

Boyd Gaming declared that its Board of Directors has initiated a share buyback program on Thursday, April 23rd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About Boyd Gaming

(Free Report)

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.